Mergers and Break-Ups Rule the Markets on Cupid’s Day of Love: Alcoa Inc. (AA) and More

Lastly, the break-up which had investors cheering today came from JPMorgan Chase & Co. (NYSE:JPM). Bloomberg reported that the company was parting ways with a number of top employees. The report stated that three managing directors and 18 executive directors were cut, while a few senior employees left after they saw bonuses shrink. The cuts were primarily on the equity trading side of JPMorgan’s business, which experienced a slight revenue decline. The firm’s equities business slid 1.8%, to $4.4 billion, in 2012, while the fixed-income unit rose 4%, to $15.4 billion, during the same timeframe.

The article Mergers and Break-Ups Rule the Markets on Cupid’s Day of Love originally appeared on Fool.com and is written by Matt Thalman.

Fool contributor Matt Thalman owns shares of Berkshire Hathaway and JPMorgan Chase & Co. (NYSE:JPM).. Follow Matt on Twitter @mthalman5513. The Motley Fool recommends American Express and Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway and JPMorgan Chase & Co..

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