【how much is bark busters dog training】JPMorgan (JPM) Plans for 20% Rise in 2020-end Trading Bonus
JPMorgan
JPM plans to boost year-end compensation for its sales and trading division by up to 20%,how much is bark busters dog training following an impressive trading performance during the year amid the pandemic. The news was reported by Bloomberg.
While this is in contrast to other Wall Street firms that are most likely planning to keep bonuses for traders flat compared to the previous year end, the 20% raise is not enough for JPMorgan’s traders, who were expecting heavy raises, given the company’s impressive trading performance.
During the first nine months of this year, the Wall Street biggie recorded a 54% rise in fixed income markets revenues, while its equity markets revenues improved 33%.
For the rest of the company, payouts are expected to decline and the average year-end bonus pool for JPMorgan will likely be lower than that in 2019. In fact, similar to
Wells Fargo
WFC, which is planning to freeze raises for top earners, JPMorgan is planning to freeze raises for employees at the vice president level and above.
The move comes as the company is trying to focus on controlling expenses amid the coronavirus-induced uncertain economic environment.
However, for JPMorgan, the final payout is subject to change and will likely vary among desks depending on performance.
Notably, since the outbreak of the coronavirus in mid-March, trading revenues at almost all the major Wall Street finance companies improved significantly, driven by the substantial rise in market volatility along with higher client activity.
Thus, given the impressive trading performance, traders at Wall Street were expecting heavy raises this year.
However, on the expectation that the current scenario will likely persist in 2021, companies are not being very generous in deciding bonuses.
Despite recording impressive trading performance during the year,
Bank of America
’s BAC senior executives are planning for year-end bonuses similar to the previous year. At the end of the first nine months of this year, BofA recorded total sales and trading revenues of $12.01 billion, increasing 21.2% year over year. Fixed income, currencies and commodities trading revenues improved 22.8%, while equity trading revenues increased 18%.
Likewise,
Morgan Stanley
MS recorded a 39% year-over-year increase in total sales and trading revenues at the end of the first nine months of 2020.
Over the past six months, shares of JPMorgan have gained 19.2% compared with 17.7% growth recorded by the industry.
Currently, the company carries a Zacks Rank #3 (Hold). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
Story continues
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
Bank of America Corporation (BAC) : Free Stock Analysis Report
Morgan Stanley (MS) : Free Stock Analysis Report
Wells Fargo & Company (WFC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
View comments
-
Is The L.S. Starrett Company (SCX) Going to Burn These Hedge Funds?How Does Uni-President China Holdings Ltd (HKG:220) Fare As A Dividend Stock?The Zacks Analyst Blog Highlights: Alphabet, Boeing, Salesforce, United Technologies and Charter CommunicationsBRIEF-BAIC Bluepark New Energy Technology's Unit Receives Government Funds Of 350 Mln YuanMortgage Rates Are Lowest Ever; 12.8M Should RefinanceDynagas LNG Partners Enters Oversold TerritorySocial Security's Worrisome Lesson From the Government ShutdownBiden's Treasury nominee Yellen discloses paid speaking gigs for financial firmsKey Things To Consider Before Buying Canaccord Genuity Group Inc. (TSE:CF) For Its DividendWhy Mangalore Refinery and Petrochemicals Limited (NSE:MRPL) Could Be Your Next Investment
下一篇:Canadian General Investments: Investment Update - Unaudited
- ·LOPE SHAREHOLDER ALERT: Lawsuit Filed For Grand Canyon Investors
- ·Zacks.com featured highlights include: Darden, Esterline, Humana, IBERIABANK and United Continental
- ·The Crypto Daily – Movers and Shakers – 01/01/20
- ·With A Return On Equity Of 7.0%, Has MailUp S.p.A.'s (BIT:MAIL) Management Done Well?
- ·Post-Pandemic Retirement Planning Strategy Book Launches on June 1, 2020
- ·Does Horizon Bancorp, Inc. (NASDAQ:HBNC) Have A Good P/E Ratio?
- ·Japan fourth quarter capex points to upward revision to GDP but outlook weak
- ·Investors Who Bought Gyldendal (OB:GYL) Shares Five Years Ago Are Now Up 120%
- ·Company News for Nov 4, 2020
- ·Precious Metal ETF (GLDW) Hits New 52-Week High
- ·How Much Of Rajvir Industries Limited (NSE:RAJVIR) Do Insiders Own?
- ·What Kind Of Shareholder Appears On The Vardhman Polytex Limited’s (NSE:VARDMNPOLY) Shareholder Register?
- ·Were Hedge Funds Right About Chipotle Mexican Grill (CMG)?
- ·Megyn Kelly Not Expected to Replace Matt Lauer on 'Today' -- Here's Who Might
- ·The best response to uncertainty is a master plan
- ·Deepwater Activity Remains Strong in International Oil Markets: Trey Stolz, Managing Director of Oilfield Services Research at IBERIA Capital Partners, Interviews with The Wall Street Transcript
- ·Bill.com Holdings Inc (BILL) President and CEO Rene A. Lacerte Sold $1.2 million of Shares
- ·Bangladesh sues Manila-based bank in NY over heist
- ·Facebook Rises 3%
- ·Brinker International Enters Oversold Territory
- ·FOREX-Dollar on back foot as recovery optimism persists
- ·Pound holds above key level before PMI data
- ·Asian stocks skid after weak China factory readings
- ·Is Verizon Communications Inc. (VZ) A Good Stock To Buy ?
- ·The Global Military Ground Robot Market is expected to grow by $ 42.08 bn during 2020-2024 progressing at a CAGR of 27% during the forecast period
- ·China is Bullish on Cryptocurrencies
- ·IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Beyond Meat, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- ·Read This Before Judging Boardwalk Real Estate Investment Trust's (TSE:BEI.UN) ROE
- ·SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Nova Lifestyle, Inc. (NVFY) and Lead Plaintiff Deadline: February 26, 2019
- ·This Might Be the Most Frustrating Round of Wheel of Fortune Ever
- ·A design trends forecaster calls the coronavirus “an amazing grace for the planet”
- ·Don't Sell Air Canada (TSE:AC) Before You Read This
- ·GCs Are Offering Work on a Silver Platter—and Law Firms Aren't Taking It
- ·A Look At The Fair Value Of Canadian National Railway Company (TSE:CNR)
- ·Global stocks tumble as US-China tensions escalate
- ·Maynard James Keenan on “Arrogant” Pandemic Behavior: “There’s Logic Attached to Just Looking Out for Each Other”