"The New Kings of Wall Street"

It seems that the trend we are seeing is indicative of what is to come in terms of an emerging global super league of investment banks. If you look at hiring patterns, potential compensation/bonus payouts, government ownership, market share growth, reputation,(i.e. the weak vs. the strong) then you can single out some clear winners vs. losers currently and going forth. (For example, while some are desperately increasing base salaries to retain talent, others are getting ready for massive bonus payouts.) This is an interesting article based on an analysis from Morgan Stanley who came up with the following firms as the "new kings of wall street" or the "Flow Monsters". In no particular order..

CS
DB
GS
BARC
JPM

It's quite obvious however that MS would also be included in this list.
Thoughts...

http://business.timesonline.co.uk/tol/business/in…

 

BofA and Citi are definitely still killing it on the league tables, but I am curious how their longer term prospects are going to be damaged from being kept under the the government's thumb. There is also a lot of wreckage that still lurks on their balance sheets, and with M&A and other corp fin revenues only comprising a small portion of earnings, they have a long ways to go until they can fill in the holes.

The article does have a bit of euro-bias given that it is from a British publication.

 

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