9/28/2023 0 Comments Giggle finance appThe bank doesn’t break out compensation or headcount figures for its investment bank, but as a group has “only” increased its spending on compensation around 5% since last year (both by half and quarter), and its pay per head is only up around 2.5%, which is less than inflation.Ī more likely source of motivation might be its job-cut-phobic attitude. What’s driving BofA’s people? Well, it’s hard to say. Across ten metrics however, 2-8 isn’t much of a victory. Quarterly, however, Citi had a (semi-)miraculous performance in M&A revenues, which shot up by 55%, and DCM revenues, which increased by 6%. The numbers tell a similar story quarter by quarter, with both Morgans beaten slightly less firmly across the board (except in DCM), although BofA noted a lower fall in advisory revenue than either (8%, as opposed to 19% for JPMorgan and 24% for Morgan Stanley).īofA also beat Citi across the board when comparing half years. Morgan Stanley saw modest increases of 5% and 6% for ECM and DCM, respectively. The investment bank also did well, although the gap wasn’t as stark M&A advisory revenue fell by 19%, compared to JPM’s -11% and Morgan Stanley’s 29%, whilst equity and debt capital markets (ECM and DCM) performance was significantly above both Bank of America registered revenue growth of 44% and 14% for ECM and DCM respectively, whilst JPMorgan registered only an 12% growth in ECM and a 22% decline in DCM fees. Revenues increased (by 24% and fell by 11% respectively), compared to JPMorgan (-1% and -16%, respectively) and Morgan Stanley (-21% and -14%). When comparing the first half of 2023 to the first half of 2022, Bank of America performed significantly better in both fixed-income, currencies and commodities trading, as well as equities trading. BofA’s Q2 results are out today, and the bank has outscored its opponents by nearly every metric.Īlthough the last major US investment banking operation – Goldman Sachs – has yet to announce its Q2 performance (it’ll do so tomorrow), BofA has already beaten out both JPMorgan and Morgan Stanley, which announced results Friday and earlier today, respectively. Well, Bank of America (BofA) Securities is based in New York, but you get the point. Lucado's charming but powerful message reminds each of us that getting over the grumpies is just a giggle away.If you try to imagine a bank that stands head and shoulders above its national and global peers, you should start imagining one based in North Carolina. And before you know it, the boy starts to giggle! As he offers smiles and hugs, helps his mom wash the dishes, plays with a friend, and gives the dog a good tickle, he feels something deep, deep within start to wiggle. No-giggle is not the best way to be." Then he realizes that bringing happiness to others is the best way to find it himself. Where'd My Giggle Go? follows a boy who looks all over-from the circus to the bakery to his own pocket-for his giggle. Brilliant for classroom discussions about processing feelings and emotions and a resource to help parents discuss being sad, grumpy, anxious, or unhappy. With colorful illustrations from Sarah Jennings, this book is:
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