How do you research a company?

I'm applying for an insight day (UK) and so I have to answer this,

"Please summarise a recent event or development relating to local, regional or global activity that impacts our industry."

I know nothing about J P Morgan. How do I go about researching them?
How do I find out who it's clients are? What will affect their industry? And what else do I need to know?

I'm not even at university yet and this is my first application and it's so confusing...

 

Do you think I haven't tried Googling anything? NOTHING comes up. There have been no recent events/developments that affect IBs.

And I've tried googling about JP Morgan's biggest clients and deals but I'm still getting nothing.

Don't reply if you're going to be unhelpful.

 

This really pisses me off. If you can't be bothered to help yourself, no one is going to help you. Unless you've been living under a rock or really just woke up one morning and decided banking was for you without any prior effort to research the industry, you really have no excuse.

How can you come here and say I've tried googling their deals and get nothing? Are you rooted in some communist utopia where the intranet keeps returning a 404 error every time you google something about JP?

Don't post if you're not going to help yourself first.

 
Best Response
Da di doo:

There have been no recent events/developments that affect IBs..

An industry that has faced intense regulatory scrutiny as well as pressure from the public/media over a variety of issues is hardly one I would consider to have "no recent developments." Not to mention M&A has been pretty hot as of late and JPM is one of the leading banks, so there are tons of recent deals here.

Although I don't think helping you will matter, try checking out dealbook.com. Great place to start reading about whats going on in the industry. Might want to dial back the attitude, you asked a question that could easily be answered with a little bit of initiative and effort.

Array
 

If you can't answer such a basic motivational question it shows you've been paying no attention to financial news. For these questions you basically summarize whatever the last interesting article you read in the FT was (That said, doesn't seem like you're reading the FT / WSJ at all).

3 things off the top of my head - Low oil prices (distressed oil & gas M&A) - QE in Europe (Negative yield on several bonds) - The strong US dollar (How it will affect earnings and M&A)

It's really not that hard, just spin an article on how it will drive M&A / capital markets issuances and subsequently fees for IBs.

 

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