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Tariffs, uncertainty may squeeze Wall Street bonus pay

American Banker - Investment Banking

Incentive pay for investment bankers at major firms is expected to fall this year by 13% from 2021 levels, according to a consulting firm's report. But stock traders may reap the rewards of market volatility.

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Goldman's winning options strategy for the upcoming earnings season

CNBC: Investing

This week, 3M shares hit their highest level since 2021, while Fastenal reached an all-time record high dating back to its public debut in 1987. Two other companies on Goldman's list set to report next week are Fastenal on July 14 and 3M on July 18. Those stocks are both up about 21% year to date.

Stock 66
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Greening the Bottom Line: M&A Heats the Race for Sustainable Innovation

Sun Acquisitions

In 2021, Siemens Mobility acquired a leading electric bus charging solutions manufacturer. Rise of Sustainability-focused Private Equity: Private equity firms increasingly seek to invest in companies with strong sustainability credentials. We can expect companies to merge to create closed-loop systems that minimize waste.

M&A 59
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Bank of America downgrades hot IPO and Nvidia derivative CoreWeave, citing valuation

CNBC: Investing

billion initial public offering raise marked the largest tech offering on Wall Street since 2021. "However, with stock trading at 25x CY27e EBIT, a premium to the peer group at 16x, we believe much of the upside is priced in." " CoreWeave went public in late March. CoreWeave's $1.5

IPO 101
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Trader of the Year Hedge Fund: Conversant Capital’s David Alfred

The TRADE

I spent the first 20 years of my career at the global bulge bracket banks, first in investment banking and then on the institutional equity desks, in a cross-asset and special situations role. I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. What does your role involve?

Funds 59
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People Moves Monday: Peel Hunt, Redburn Atlantic, RBC Capital Markets, Citi, and more…

The TRADE

Peel Hunt Redburn Atlantic’s head of electronic trading has left the firm to join UK investment bank Peel Hunt, as revealed by The TRADE. Meroni joins from Sanford Bernstein and also previously served at Lehman, Goldman Sachs, UBS Investment Bank and Nomura. He replaces Nishad Vallonthaiel as head of electronic trading.

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People Moves Monday: RBC, Amundi, Siebert Williams Shank and more…

The TRADE

Banque, Banca Commerciale, and Lugano Espirito Santo Investment Bank. Previous companies include Bloomberg Tradebook, Execution, Canaccord, C.I.M Citi Citi has promoted John McLean to head of equity capital markets (ECM) and global asset managers (GAM) for Australia and New Zealand following more than two decades at the firm.