Can FT Partners survive?
I recognize that FT Partners has done quite well in the fintech space — but can they survive paying their analysts so much? It seems that they surely are over compensating their analysts to the point of negative earnings. I know most financial institutions will pay close to 50% comp to revenue (some closer to 60%). But at the numbers they are paying their analysts it must be much higher. Interested in your thoughts. Thanks.
Their revenue is $600mm as of last year lol they'll be fine. A 30k bump for let's say 100 analysts (which it's probably less than that) is only $3mm more in expenses. Steve isn't retarded, except when he gives his employees a coin of his face
It’s a very profitable bank
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