DEFINITION of 'Jacob Schiff'

A banker and philanthropist who directed the National City Bank of New York, the Equitable Life Assurance Society, Wells Fargo and Union Pacific Railroad. Schiff also worked for, and later headed, the investment bank Kuhn, Loeb & Company.

BREAKING DOWN 'Jacob Schiff'

Schiff lived from 1847 to 1920. German born, he came to the United States in 1865. He began working as licensed broker in New York City in 1966. His success allowed him to help to finance various railroads, donate to many Jewish causes and make a large loan to Japan that helped it win the Russo-Japanese War.

  1. Bear

    An bear is an investor who believes that a particular security ...
  2. Richard K. Davidson

    A former CEO and chairman of North American railroad franchise ...
  3. John Pierpont (J.P.) Morgan

    A financier, philanthropist and one of the fathers of corporate ...
  4. Municipal Assistance Corporation ...

    A corporation created by the state of New York to aid New York ...
  5. Equitable Relief

    Equitable relief is a court-granted remedy that requires a party ...
  6. Investment Banker

    An investment banker is an individual who is primarily concerned ...
Related Articles
  1. Insights

    Is This The Next Big Play For Growth Investors?

    Read about how the railroads sector might perform for growth investors, and why the cyclical nature of railroads makes room for future opportunity.
  2. Investing

    Third Point Partners: An Activist Investor Analysis

    Read about Third Point Partners and its activist investor campaigns. Learn about the company's investments in Dow Chemicals and Yum Brands.
  3. Investing

    Dan Loeb Says Democracy Has Been "Meaningfully Disrupted" in 2016

    The billionaire head of Third Point criticized the political climate in the U.S. in a letter to investors.
  4. Investing

    Billionaire Dan Loeb Upped Alibaba, Trimmed Google: 13F Filing

    Dan Loeb's Third Point saw its portfolio increase by 5.45% in the third quarter.
  5. Investing

    Dan Loeb's Third Point Dumps Goldman, Trims Bank Stocks: 13F Filings

    The billionaire's hedge fund exited Apple, bought into Snap, Salesforce, and Hewlett Packard Enterprise last quarter.
  6. Investing

    How Billionaire Dan Loeb Manages Money Like "Game of Thrones"

    At a time when hedge funds are getting slaughtered for bad stock picking and for exaggerating the impact of Brexit, Loeb's shield has paid dividends.
  7. Personal Finance

    Is a Career in Investment Banking Worth It?

    Discover why many finance professionals are wondering whether an investment banking career is worth it. Consider the challenges of this profession.
  8. Personal Finance

    How Much Money Do You Need to Live in NYC?

    Learn how much money you need to meet basic expenses in New York City as a student, as a professional and as an unemployed job seeker.
  9. Personal Finance

    What do investment bankers really do?

    Investment bankers are essentially corporate financial advisors who help companies manage the process of raising financing for their activities. Check out more on their roles in banking industry.
  10. Investing

    Wells Fargo Stock: A Dividend Analysis (WFC)

    Take a look at a fundamental analysis of Wells Fargo & Company as a potential investment in the banking industry, especially for dividend investors.
  1. What are the main factors that drive share prices in the railroads sector?

    Discover the main factors that impact the success of companies in the railroad industry and that have the greatest effect ... Read Answer >>
  2. What is the railroads sector?

    The railroads sector is a major component of the transportation sector. It is comprised of companies that operate railroad ... Read Answer >>
  3. What is the average profit margin for a company in the railroads sector?

    Explore the average profit margins for companies in the railroad industry, and learn why analysts focus on operating margin ... Read Answer >>
  4. What is the average return on equity for a company in the railroads sector?

    Learn what the average return on equity ratio is for companies in the railroad industry as compared to the ROE for other ... Read Answer >>
  5. How does seasonality affect the railroads sector?

    Understand the effects of seasonal factors on the railroad industry and how they impact revenues and expenses for railroad ... Read Answer >>
  6. What are the most popular mutual funds that give exposure to the railroads sector?

    Investing in sector-specific mutual funds, such as transportation funds that include railroad company stock, can be a smart ... Read Answer >>
Hot Definitions
  1. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
  2. Compound Interest

    Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods ...
  3. Income Statement

    A financial statement that measures a company's financial performance over a specific accounting period. Financial performance ...
  4. Leverage Ratio

    A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt, or ...
  5. Annuity

    An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income ...
  6. Restricted Stock Unit - RSU

    A restricted stock unit is a compensation issued by an employer to an employee in the form of company stock.
Trading Center