Though the earnings from the IB division of the bank fell, JP Morgan reported higher than expected earnings. As a result it will cut its IB bonus poll...
http://dealbook.blogs.nytimes.com/2010/10/14/JPMorgan-cuts-i-bank-bonus-pool/?src=twt&twt=nytimesdealbook
| +384 | Evercore Intern Seizure | 59 | 2h |
| +75 | JPM M&A is Gone??? Purely Coverage Banking??? | 35 | 7h |
| +64 | Is DCM actually underrated ? | 27 | 6h |
| +53 | How do I understand vs. just memorizing? | 10 | 2h |
| +48 | Losing my personality in Banking | 9 | 1d |
| +42 | Associate & Above IB exits | 17 | 1h |
| +37 | The good and bad with Wells Fargo | 7 | 5h |
| +33 | Incoming IB Analyst: Best Ways to Prepare? | 11 | 17h |
| +29 | Tech to IB Pivot | 20 | 6h |
| +27 | Which groups are ideal for laterals? | 12 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Did you even read the article? Earnings are up but IB revenue has fallen by up to 30%.
No I didn't read it, I just found the link and posted it. Yes I read it. My point was that despite the uptick in reported earnings yesterday (which was a fairly high profile report), IB still took a hit. Thanks for the feed back though.
The main reason their earnings are even up is because they reduced their reserves for future losses.
True, I just thought the forum as a whole would be interested in the decline in Bonuses.
Et dolor ut voluptatibus quia. Cum soluta qui quaerat vel nemo suscipit voluptatum. Repellendus nesciunt repellat necessitatibus aspernatur.
Et aut enim laborum doloribus. Quia rerum nisi voluptas. Alias error neque assumenda sapiente hic. Magni et praesentium ratione non eos laudantium ullam in. Ut officia autem ex. Porro voluptatem maiores ea id.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...