“They Won’t Get What They’re Expecting” – Why Wall Street’s Star Traders Are Going To Get ‘Shafted’ Come Bonus Season

Friday, 14 August 2020, 05:35:00
“They Won’t Get What They’re Expecting” – Why Wall Street’s Star Traders Are Going To Get ‘Shafted’ Come Bonus Season Tyler Durden Thu, 08/13/2020 – 23:35 The S&P 500 has officially fought its way back to the record highs, but all those investment bankers and traders who got a taste of what it was like during the pre-crisis days earlier this year, when global banks’ sales and trading operations suddenly became profit centers, likely won’t be getting as big of a “taste” as they probably expect when the Holiday bonus season arrives. As BBG points out in a new story, just because they saved the firm’s bottom line last quarter, doesn’t mean they’ll be getting the personal windfall they feel they deserve (a 30%-50% higher than last year’s paltry comp). Citing commentary from a handful of Wall Street vets, Bloomberg reported a sad fact of life that this generation of traders is about to learn the hard way. And that is: when S&T hit it out of the park during a “good” year, traders are rewarded.
— Zero Hedge

5 Best Mid-Cap Stocks to Buy for a Bounce Back

Thursday, 13 August 2020, 19:46:00
Big technology companies are getting all the glory this year, but the biggest bargains might just be hiding among mid-cap stocks. JPMorgan Chase says the huge selloff in midcaps since the beginning of the coronavirus crisis means that it has “never been easier to make money.” Translation: There is no shortage of mid-cap stocks that are beaten down out of proportion to their earnings prospects. To take advantage of this opportunity, JPM analysts pinpointed a number of the best mid-cap stocks to buy now. They sorted through the space, which is typically defined as stocks between $2 billion and $10 billion in market value , looking for stocks that are primed to bounce back. They limited themselves to names that are still down more than 30% since the beginning of the coronavirus crisis. The midcaps also had to have “solid balance sheets, near trough valuations, and businesses that are not structurally damaged.” JPMorgan Chase came up with a long list of stocks. Not to disparage JPM, but it’s only one opinion.
— Kiplinger Washington Editors

JPMorgan to Lead ConsenSys Funding Round With $20 Million Investment | Crypto Briefing

Thursday, 13 August 2020, 17:56:40
JPMorgan Chase & Co is in talks to lead a forthcoming funding round in ConsenSys. The bank will be investing $20 million into the firm.
— Crypto Briefing

JPMorgan Hires Head for Australia Financial Sponsor Business | MarketScreener

Thursday, 13 August 2020, 11:47:02
By Joanne Chiu JPMorgan Chase & Co. has hired Duncan Mann to head its financial sponsor coverage in Australia and New Zealand, according to an internal announcement seen by The Wall… | August 13, 2020
— MarketScreener

JPMorgan hires Mann for Australian business

Thursday, 13 August 2020, 09:45:21
https://www.investing.com/news/economy/jpmorgan-hires-mann-for-australian-business-2264556
— Investing.com