JPMorgan names heads for healthcare, tech investment banking [Yahoo! Finance Canada]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance Canada
(Reuters) - JPMorgan Chase announced on Thursday leadership changes in a push to strengthen its healthcare and technology investment banking, according to an internal memo seen by Reuters. Ben Carpenter and Jeremy Meilman would be the global co-heads of healthcare investment banking, while Chris Grose and Greg Mendelson have been named global co-heads of the technology investment banking, according to the memo. Investment banking has been a bright spot for the major Wall Street firms, as more companies look to raise capital through debt or equity offerings and engage in takeover deals driven by growing confidence in the U.S. economic outlook. JPMorgan beat estimates for second-quarter profit in July, helped by a resurgence in dealmaking and strong capital markets. Its investment banking revenue grew 46% to $2.5 billion for the quarter ended in June, compared with a low base a year earlier. Carpenter, an industry veteran, rejoined JPMorgan from Citigroup in 2021 as a healthc
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