All articles tagged with #investment banking
Citi plans to raise its investment-banking managing-director headcount by about 15% to widen coverage and boost productivity, part of a push to hire top talent from more than 20 rivals and sustain growth through a 'serial winning mindset' and AI-enabled tools; the bank has already added roughly 60 MD hires since last year, while expanding AI initiatives in wealth management and continuing its transformation program.
LIV Golf announced it has retained Ducera Partners as its investment banking advisor to secure long-term investment partners and shift toward a diversified, multi-partner funding model. Ducera’s team, led by Michael Kramer, will guide the league through a rigorous process to attract strategic backers as sponsorships and partnerships rise 40% year-over-year, ticket sales grow 130%, and broadcasts reach nearly a billion households in 200 countries. The move follows the league’s expanded governance with independent directors Gene Davis and Jon Zinman, signaling a push to evolve LIV Golf’s financial foundation for its next growth phase.
LIV Golf has tapped Ducera Partners as its investment banker to help secure long-term investors and diversify funding as the Saudi Public Investment Fund plans to exit after the 2026 season, a move that follows the PIF’s more than $6 billion backing to date; LIV has also added restructuring advisers and formed an independent board to navigate a multi-partner investment model ahead of the Virginia event.
JPMorgan Chase beat Q1 2026 expectations with EPS of $5.94 and revenue of $50.54B, up 13% and 10% respectively, as stronger fixed-income and investment-banking results lifted net income to $16.49B; CEO Jamie Dimon said the economy remains resilient but warned of mounting geopolitical, energy, and AI-related risks that could shape markets ahead.
Jefferies posted $2.9B in Q1 revenue and a $156M net income, but took a $10M loss after writing its direct exposure to collapsed car-parts supplier First Brands to zero (total exposure, $17M including Market Financial Solutions). The First Brands financing, off‑balance sheet through Point Bonita, is linked to a broader legal fight and SEC probe into disclosures to investors. Western Alliance has sued Jefferies over a related loan, and shares have fallen this year amid takeover talk from Sumitomo Mitsui Financial Group.
An FT opinion piece on a glam Interview Magazine spread featuring four young bankers highlights tensions between media visibility, ostentatious displays of wealth and the expected discretion of Wall Street, noting the resulting backlash and suggesting younger bankers may need to learn the industry’s norms the hard way.
A junior banking analyst sued Centerview Partners, alleging disability discrimination after she was fired for needing eight to nine hours of sleep due to mood and anxiety disorder, with testimony describing 60–120 hour workweeks and even 24-hour shifts. The case settled before trial in Manhattan federal court with undisclosed terms, avoiding a courtroom ruling and testimony from top bankers; Centerview denies wrongdoing.
Barclays’ investment bank material risk takers earned an average £901k in bonuses for 2025 (£732m total for 1,465 MRTs), with MRTs’ average salary at £652k for a £1.6m total package. Despite a weak year for M&A and capital markets fees, the bank plans to pivot toward advisory growth and aims to raise its share of global IB fees to about 3.5% by 2028. Bonus distribution remained top-heavy: 762 staff earned over €1, 89 earned over €3.9m, and one individual was in the €17–€18m range.
Citi plans additional layoffs in March after bonuses are paid, on top of 1,000 pre-bonus cuts, as insiders report a stricter performance-rating system that downgrades long-time high performers to a 3 out of 4, fueling fear of mass redundancies; the bank has relaxed cost guidance to around 60% as it continues staffing realignment and transformation.
SpaceX is lining up four banks—Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley—to lead its anticipated IPO, signaling a high-profile public listing possibly later this year.
Goldman Sachs posted 2025 net revenues of $58.28B and net earnings of $17.18B ($51.32 EPS), with Q4 2025 revenues of $13.45B and earnings of $4.62B ($14.01 EPS); ROE was 15.0% for 2025 and 16.0% annualized in Q4, as the firm signals stronger momentum for 2026.
Morgan Stanley beat Q4 2025 estimates with $2.68 EPS on $17.89B revenue as wealth management revenue rose to $8.4B; full-year wealth revenue hit a record $31.8B and client assets reached $9.3T. Investment banking revenue climbed 47% to $2.41B. The firm repurchased $1.5B of stock in the quarter and $4.6B for the year, and shares rose over 3% after the results.
Goldman Sachs is set to report Q4 2025 earnings before the open with consensus at $11.67 per share on $13.79 billion in revenue, aided by stronger fixed‑income and equities trading, higher investment-banking fees, and a 46‑cent-per-share boost from selling the Apple Card business to JPMorgan, highlighting favorable trading and deal activity for the quarter.
Citigroup beat Q4 expectations with adjusted EPS of $1.81 on revenue of $19.9B, led by strength in investment banking and wealth management, while a Russia exit-related charge and softer markets limited GAAP results. The bank sees 2026 net interest income ex-markets rising about 5-6% from 2025 (~$49.8B to ~$52.3B-$52.8B) and targets a 60% efficiency ratio, down from 65% in 2025. End-of-period loans rose to $752B and deposits to $1.40T.
William Blair announced 25 new partners across its global offices (Chicago, New York, London, Boston, Baltimore, and more) spanning Investment Banking, Private Wealth Management, Equity Research, Investment Management, and Information Technology, marking a broad leadership elevation for 2026.