Don’t bet against the investment bankers. “The ‘last man standing’ strategies could be paying off,” the Financial Times notes, explaining that while “second-tier banks such as UBS, Credit Suisse and Deutsche have made cuts in investment banking,” JPMorgan Chase and Citigroup stayed the course with their IB teams — and those teams are now core drivers of earnings growth. The paper thinks Goldman Sachs and Morgan Stanley will do the same when they report their figures later this week.