BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Banking Stocks Dip Despite Hiring Surge for M&A Revival
Banking Stocks Dip Despite Hiring Surge for M&A Revival
14
2
BTCCSquare news:
Wall Street banks are aggressively hiring senior executives to capitalize on a resurgence in mergers and IPOs, yet banking stocks showed muted performance in early trading. Goldman Sachs (GS) held steady, while JPMorgan Chase (JPM) and Bank of America (BAC) edged down 0.1%.
The hiring spree, typically a spring phenomenon, has extended into late summer—a signal of renewed confidence. JPMorgan's co-CEO Troy Rohrbaugh emphasized strategic hires for long-term growth, including the recent addition of Jerry Lee from Goldman Sachs as global chair.
M&A activity had languished through 2025 amid tariff-related uncertainty, but recent momentum suggests a turning point for financial stocks.
By:
