Revival

US investment banks see early signs of revival in dealmaking

Peter Orszag, CEO of Financial Advisory, Lazard, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing Rights NEW YORK, Oct 27 (Reuters) – Major Wall Street firms said a dismal year of dealmaking appears to have hit a trough, and now some companies […]

Wall Street Sees Glimmer of Hope for Investment-Banking Revival

Banking / Joseph Scott / October 5, 2023 / glimmer, hope, InvestmentBanking, Revival, Sees, Street, Wall

(Bloomberg) — After more than a year in the dealmaking doldrums, Wall Street giants are finally seeing signs of life in their capital-markets businesses. Bank of America Corp., Morgan Stanley, JPMorgan Chase & Co. and Citigroup Inc. all beat analysts’ expectations for equity-underwriting revenue in the second quarter, with all but Citigroup earning more than

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