C · News · 20260825N

Investment Banking Competition

CITIGROUP INC · 2026-08-25 · Importance 14 · Surprise 24

JPMorgan is hiring Dan McDow from Citigroup to lead its East Coast technology investment banking business. McDow previously served as Citi’s global head of software investment banking and will join JPMorgan in New York later this year. The move strengthens JPMorgan’s technology-banking expansion as sector dealmaking benefits from recovering valuations and AI-related activity.

Key facts

• Citigroup raised its price target on Occidental Petroleum from $60 to $65. source
• Dan McDow previously served as Citi's global head of software investment banking. source