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Bonus Watch '14: Morgan Stanley Good, JP Morgan Less Good

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It's a swell time to be an investment banker at the House of Morgan. Bond traders at JP Morgan? Better luck next time.

Bond traders at JPMorgan Chase & Co. and Citigroup Inc. face the fastest-shrinking bonus pools on Wall Street this year, while Morgan Stanley investment bankers head for the greatest gains. JPMorgan’s fixed-income trading revenue fell 14 percent to $10.6 billion in the first nine months of 2014, the steepest drop among the five largest Wall Street banks, according to data compiled by Bloomberg for the first half and analyst estimates for the third quarter. By contrast, Morgan Stanley probably had the biggest increase in revenue from advising on mergers and underwriting stock and bond deals, the estimates show.

Morgan Stanley Bankers Poised for Biggest Bonus Bump [Bloomberg]