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JPMorgan Boosts Pay for More Staff as Talent Battle Deepens

  • Sales, trading and research analysts will all get raises
  • Jefferies matches Goldman with industry’s biggest pay boosts
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WATCH: JPMorgan expands a pay increase to a broader range of staff, while Jefferies is boosting salaries of its first-year analysts. Nabila Ahmed reports.(Source: Bloomberg)
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JPMorgan Chase & Co. raised the stakes in Wall Street’s intensifying battle for talent, expanding a previously announced pay increase to a broader range of staff as rivals across the industry pay up to hold on to their lowest-level analysts.

Junior sales, trading and research analysts across JPMorgan’s corporate and investment-banking unit are now in line for raises, a person familiar with the matter said, just weeks after the Wall Street bank boosted pay for its low-level investment bankers.