Reported about 17 hours ago
Wall Street is witnessing a rebound in dealmaking, as evidenced by Jefferies Financial Group's strong fourth quarter results, which revealed a 91% increase in M&A advisory fees and a 156% rise in profits compared to a year ago. Investment banking activity has surged, attributed to a resilient U.S. economy and optimistic sentiments following the recent elections. However, uncertainty looms with upcoming earnings reports from major banks, as analysts anticipate mixed results in their M&A activities.
Source: YAHOO