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0 -3.98025792070964E-05 -0.000199012896035708 -0.000199012896035708 0.000199012896035595 0.00258716764846364 -0.000835854163349817 0.000835854163349817
Stock impact report

Wall Street job cuts loom as market turmoil stalls deals [Globe and Mail, The (Toronto, Canada)]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
to weigh on dealmaking in the months ahead, according to analysts and recruiters. U.S. President Donald Trump’s threats to impose tariffs on trading partners have roiled markets, weighed on capital markets activity and raised the risk of an economic slowdown. The turmoil has taken some of the shine off Wall Street expectations that deals would pick up this year under a business-friendly administration. Wall Street banks including JPMorgan and Bank of America have already begun annual culls targeting underperforming employees, while Goldman Sachs and Morgan Stanley are planning to lay off staff in the coming weeks. If deals do not recover in the coming months, other major banks and boutiques will be forced to reevaluate their workforces, analysts and recruiters warned. “There’s an expectation that investment banking pickup is delayed, not dead,” said Mike Mayo, a banking analyst at Wells Fargo. “But if we’re having this discussion in the middle of the summer, that could be a differ Show less Read more
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