Reported 1 day ago
As the second quarter closes, major Wall Street banks are witnessing a rally in their stocks, contrasting with earlier stagnation caused by tariff announcements. Following a recovery in mergers, acquisitions, and IPOs, banks like JPMorgan Chase and Morgan Stanley have passed the Federal Reserve's stress tests, showcasing resilience and easing regulatory pressures. While investment banking revenues are projected to decline slightly, analysts believe a positive shift in market sentiment could bode well for the remainder of 2025, especially with a notable increase in tech-related deals.
Source: YAHOO