Reported about 1 month ago
Major Wall Street banks have reported an increase in investment banking fees during the third quarter of 2024, driven by a rise in corporate deals and debt issuance. Optimism regarding potential Federal Reserve rate cuts and strengthening stock markets is further boosting confidence among bankers, with increased client demand for financing expected to fuel future activities. Despite some mixed results in trading revenues, firms like Goldman Sachs and Bank of America are seeing significant year-on-year growth in their investment banking sectors.
Source: YAHOO