December 2025

Morgan Stanley’s New Global Power & Energy Group: Strategy & Risks Explained

Key Changes Announced On September 17, 2025, Morgan Stanley issued an internal memo combining its Global Energy and Global Power & Utilities investment banking groups into a single entity: the Global Power and Energy Group. Leadership structure: the group will be co-headed by Jon Fouts (formerly global head of Power & Utilities since 2022) and …

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How Temple’s Experiential Learning Propelled a Non-Elite Grad into Top Investment Banking Role

A recent profile in Temple University’s news outlet highlights Andrew Belder, a senior at the Fox School of Business, who is set to begin his professional career with Guggenheim Securities after graduation. This analysis gathers facts drawn from that profile, corroborates with institutional information, and examines implications for both student pipelines and investment banking recruiting …

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DoD Backs MP Materials: Building a U.S. Rare-Earth Magnet Supply Chain by 2028

Deal Overview & Key Components MP Materials entered a landmark public-private partnership with the U.S. Department of Defense (DoD) in mid-2025 to build out a domestic rare-earth magnet supply chain. JPMorgan acted as exclusive financial advisor and lead left arranger on $1 billion of committed financing. Under the agreement, the DoD invested $400 million in …

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EU Pledges €20B for AI Gigafactories: Scaling Compute, Control, and Capital

Gist On 4 December 2025, the European Commission and the European Investment Bank (EIB) Group signed a Memorandum of Understanding committing to back the development of up to five AI “gigafactories” in the EU via the InvestAI programme, mobilising €20 billion for the infrastructure build-out. [1][2][3] Each proposed gigafactory will host about 100,000 advanced AI …

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JPMorgan Ramps Up in Business Services IB With $500M Revenue Target & Key Hires

Gist JPMorgan Chase is rapidly building out its Business Services Investment Banking (IB) division by hiring three senior bankers from Deutsche Bank and Goldman Sachs and targeting $500 million in revenue over the next 3–5 years. [1] The hires—Erik Carneal, David Sweet, Ye Xia—bring sector-specific strength in commercial, industrial, residential, and professional services, with each …

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Wall Street Investment Banking Revenues Surge in Q3 2025 Amid M&A, Strong Regulation

Gist Wall Street’s top five banks—JPMorgan, Goldman Sachs, Morgan Stanley, Bank of America, and Citigroup—are expected to report combined investment banking (IB) revenues of about $9.1 billion in Q3 2025, marking the first time since Q4 2021 they’ve crossed the $9 billion mark. [1][2] This represents a ~13 % year-over-year increase, and a ~50 % …

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Bank of America Sees 10–15% YoY Rise in Q3 2025 Investment Banking Fees

Gist Bank of America expects investment-banking fees to rise about 10%–15% year over year in Q3 2025, roughly in line with the broader industry. Recent results show a sharp rebound, with BofA’s Q3 investment-banking revenue up ~43% and strong gains across M&A advisory and equity and debt underwriting. Global dealmaking is recovering, as M&A volumes …

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Goldman’s Q3 2025 Surge: Investment Banking Fees & Trading Boost Lead Wall Street Rebound

Gist Goldman Sachs posted standout Q3 2025 results, with ~20% revenue and ~37% net income growth fueled by a 42% surge in investment banking fees. Peers including Citi, Morgan Stanley, and Bank of America also delivered strong double-digit gains in investment banking and markets revenues, confirming a broad rebound in dealmaking. Despite top-line strength, Goldman …

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JPMorgan Taps Abularach & Johnson To Drive Global Infrastructure Investment Banking Expansion

Gist JPMorgan has appointed Francisco Abularach and Michael Johnson as global co-heads of infrastructure investment banking, reporting to global head Avery Whidden. The promotions align Abularach’s EMEA infrastructure and M&A experience with Johnson’s natural resources expertise to broaden sector and geographic coverage. JPMorgan is capitalizing on rising infrastructure deal activity, advising on large transactions such …

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Why BofA’s Ahmad-Joo Co-Leadership Could Be a Game Changer for Investment Banking

Bank of America has promoted Faiz Ahmad and Mike Joo to co-heads o...

Outgoing co-heads Alex Bettamio and Thomas Sheehan move to chair r...

The leadership reshuffle coincides with pressure on BofA’s inves...

These changes are intended to better integrate capital markets, pu...
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