1) What exactly did the firm do that made them a 'winner' of the financial crisis?
2) I guess this also applies for other banks, but what resources should I look at to find out what the recent M&A and IPO deals the bank was involved with?
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Can't answer 1 for sure but for Question number 2, I would run a google news search on 'JPM advised' for M&A deals and 'JPM lead bookrunner' for IPO deals. You can run this search on some news database source such as Factiva, LexisNexis or Bloomberg if your university/school has access to any of the above.
To answer #1, you could say they dodged the black eyes of the other big BB firms. ML went to BoA, with the compensation PR disaster, Bear and Lehman failed, MS lost a significant amount of money ($9 billion from one desk, right?) and Goldman had the SEC fraud charges about Abacus. UBS, CS and DB all had to settle issues of taxpayers hiding income from the gov't. And UBS has bled bankers left and right over the last three years.
JPM was profitable in every quarter through the crisis and picked up what was left of Bear along the way. On the other hand, the whole foreclosure robot-signings could be a problem for JPM, but in terms of IBD, I think that's how you could justify JPM is a "winner" in the crisis. It did better relative to the field.
JPM is an excellent example of the tortoise and hare. From a risk stand point, JPM has always been on the conservative side and so posted lower numbers than the other BB and many people criticized the bank. Of course in hindsight the other banks numbers were basically bullshit---created with huge amounts of risk and leverage. JPM did not really do any major acquisitions from 2004-2007 which allowed it to preserve cash. When the crisis hit, it wasn't over exposed to mortgages and was able to use its its strong financial position to make key strategic acquisitions during the crisis (Bear and WaMu). Wall Street (and the world) is all about perception. When the world is blowing up and JPM is the only large investment that was able to keep its shit together throughout the crisis, even expand during it, that tends to build a lot of street cred.
read the house of dimon
Last Man Standing is an excellent read.
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