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.
