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Wall Street Vs. Main Street - Bank Bonuses Beat Baristas, Bartenders

Since 1985, banker bonuses have soared 890%, seven times the rise in the federal minimum wage, according to the Institute for Policy Studies, a left-wing think tank in Washington, D.C., which they proclaim has "contributed to racial .....»»

Category: blogSource: zerohedgeMar 20th, 2017

A Wall Street boutique is crushing it, and now it"s ready to go out and make some big hires (MC)

REUTERS/Lucas JacksonMoelis & Company, a boutique investment bank, just announced its second record quarter in a row, and is now looking for top-tier talent to add to its roster. The firm beat analyst's f.....»»

Category: topSource: businessinsiderApr 26th, 2017

We asked 6 Wall Street recruiters about the hottest trends in hiring

YouTubeIt's moving season on Wall Street. Bonuses have landed in bank accounts, freeing up bankers and traders to move to new emplo.....»»

Category: topSource: businessinsiderApr 24th, 2017

Bank of America Profits Pop on Trading Revenue and Higher Interest Rates

The bank beat Wall Street expectations on most metrics. Bank of America reported a 44% rise in quarterly profit as higher interest rates bulked up earnings from loa.....»»

Category: europeSource: fortuneApr 18th, 2017

In One Chart: Wall Street bonuses have soared 890% over the last three decades

This bonus pool could pay for the country’s 3.1 million restaurant servers and bartenders......»»

Category: topSource: marketwatchMar 15th, 2017

Bank, energy stocks lift Wall St indexes to record highs

Wall Street's three main indexes hit record highs on Thursday, amid gains across sectors, led by.....»»

Category: topSource: yahooFeb 9th, 2017

Bank, energy stocks lift Wall Street indexes to record highs

Wall Street's three main indexes hit record highs on Thursday, amid gains across sectors, led by.....»»

Category: topSource: yahooFeb 9th, 2017

Bank, energy stocks lift Wall St indexes to record highs

(Reuters) - Wall Street's three main indexes hit record highs on Thursday, amid gains across sectors, led by financial and energy stocks......»»

Category: topSource: reutersFeb 9th, 2017

Wells Fargo likely to eliminate 2016 bonuses for top executives: WSJ

(Reuters) - Wells Fargo & Co's board is likely to eliminate 2016 bonuses for the bank's top executives following the bogus account scandal, the Wall Street Journal reported on Wednesday, citing people familiar with the matter......»»

Category: topSource: reutersFeb 8th, 2017

The Wall Street Journal: Gary Cohn collects $100 million-plus as he exits Goldman to join Trump

Goldman has made available immediately Cohn’s outstanding stock awards and long-term bonuses accumulated over his 25 years at the bank, as he leaves for a role in Washington......»»

Category: topSource: marketwatchJan 25th, 2017

Citigroup"s Earnings Beat Analysts" Forecasts

Financial giant Citigroup reported a 7 percent rise in fourth quarter profits, helped by a strong performance in the bank's trading business, a theme that has repeated itself with all the major Wall Street banks this quarter.....»»

Category: topSource: abcnewsJan 18th, 2017

Wall Street is back (KBE, JPM, BAC)

Getty/Mark WilsonWall Street banks kicked off fourth-quarter earnings on Friday, and the tone was pretty optimistic. Two of the largest banks in the US, JPMorgan and Bank of America, beat analyst expectations, and JPMorgan beat.....»»

Category: topSource: businessinsiderJan 13th, 2017

Dollar charge pauses as bond bashing relents

Wall Street looked set for a quiet start and Europe's main stock markets were shuffling sideways as the dip in global bond yields cooled bank stocks, which have been rising on hopes higher yields will led to better lending profits......»»

Category: topSource: yahooNov 17th, 2016

Wall Street expected to see second year of declining bonuses: report

Mergers and acquisitions slowed this year, and companies delayed going public, which pressured bank fees. Overall year-end incentives, which include cash bonuses and equity awards, may decline on Wall Street across the board by 5 percent to 10 percent fro.....»»

Category: topSource: yahooNov 6th, 2016

Here’s Why Morgan Stanley Earnings Soared in the Third Quarter

But a key measure of profits was still below target. Morgan Stanley’s earnings rose sharply in the third quarter. The Wall Street investment bank, which reported its profits for the third three months of the year on Tuesday, also handily beat ex.....»»

Category: europeSource: fortuneOct 19th, 2016

Wall Street"s early rally losses steam as stocks log weekly decline

U.S. stocks on Friday finished barely higher as an early rise, buoyed by gains in bank shares, faded into the close. The three main equity benchmarks finished the week with a second-straight weekly loss. On the day, the Dow Jones Industrial Average ended.....»»

Category: topSource: marketwatchOct 14th, 2016

Sales scandal costs Wells Fargo; JPMorgan and Citi please Wall Street

By David Henry and Dan Freed NEW YORK (Reuters) - JPMorgan Chase and Citigroup trounced third-quarter estimates on Friday on a sharp rebound in trading revenues while Wells Fargo & Co barely beat expectations as a sales scandal engulfed the bank. Wells Fa.....»»

Category: topSource: yahooOct 14th, 2016

Sales scandal costs Wells Fargo; JPMorgan and Citi please Wall Street

NEW YORK (Reuters) - JPMorgan Chase and Citigroup trounced third-quarter estimates on Friday on a sharp rebound in trading revenues while Wells Fargo & Co barely beat expectations as a sales scandal engulfed the bank......»»

Category: topSource: reutersOct 14th, 2016

Breakingviews: Bank bonanza

Citigroup, JPMorgan and Wells Fargo all reported better-than-expected quarterly results. Antony Currie and Jeffrey Goldfarb spotlight how Wall Street and Main Street are affecting the trio......»»

Category: videoSource: reutersOct 14th, 2016

Financial stocks lift Wall Street as bank earnings beat

The S&P 500's financial index surged 1.16 percent, its best showing in seven days, after JPMorgan , Citigroup and Wells Fargo reported quarterly revenue and profit that beat market expectations. JPMorgan and Citi rose slightly, while the scandal-hit .....»»

Category: topSource: yahooOct 14th, 2016

Financial stocks lift Wall St as bank earnings beat

Wall Street was on track for its best day of the month on Friday as financial stocks rose following better-than-expected results from three big banks. The S&P 500's financial index surged 1.16 percent, its best showing in seven days, after JPMorgan, .....»»

Category: topSource: yahooOct 14th, 2016