4 Financial Stock Stories Stirring Midweek Chatter
JPMorgan Chase & Co. (NYSE:JPM): Current price $53.55
Bank of America Corporation has recruited Anwar Zakkour away from JPMorgan to be co-chief of global telecommunications, media and technology investment banking, said a memo obtained by Bloomberg. Zakkour will stay based in New York, and will report to the global head of investment banking, Christian Meissner, according to the memo, the contents of which were affirmed by a Bank of America spokesperson. His co-chief will be Chet Bozdog, who is presently head of global tech investment banking. Data compiled by Bloomberg indicate that Bank of America lags JPMorgan and Goldman Sachs Group in advising on mergers and acquisitions.