JPMorgan raises salaries for more staff as battle for talent escalates

JPMorgan Chase & Co. has raised the stakes in the intensifying battle on Wall Street for talent, extending a previously announced salary increase to a wider range of staff as industry rivals pay. Up to hang on to their lowest analysts.

JPMorgan’s investment banking and investment banking unit’s junior sales, trading and research analysts are now in line for increases, a person familiar with the matter said, just weeks after the bank Wall Street. increased the salaries of its low-level investment bankers.