Financial Digest

Wall Street banks see investment banking improvement, with some caution

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 54 min. at publisher
  • 📊 Quality Score:
  • News: 192%
  • Publisher: 97%

NRLPA:OBNK News

MTPIX,TOPNWS,BACT

Wall Street banks reported a healthier pipeline for deals and a jump in investment banking activity in quarterly earnings on Friday, but also cited some headwinds and reasons for caution.

Citi CFO highlights strong deal pipeline but notes potential election and interest rate impactsJuly 12 - hit $1.6 trillion globally in the first half of the yearCiti's chief financial officer, Mark Mason, told reporters on a call after the earnings that the pipeline of announced deals was looking strong, which would play out at the end of the year and in 2025.

JPM's CFO, Jeremy Barnum, said on a conference call that dialogue on M&A was "robust" but was still muted in terms of actual deals. Wells Fargo CFO Mike Santomassimo said on a call that the bank has seen good activity across the investment grade desk, capital markets and the leverage finance business.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street banks name 10 UK stocks to benefit from Labour landslide winCiti, RBC, UBS, Jefferies and Investec name housebuilders and FTSE indexes as picks.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street banks name UK stocks to watch as Brits head to the pollsRBC has drawn parallels between current market performance and that of a prior general election.
Source: CNBC - 🏆 12. / 72 Read more »

Why Jim Cramer wants to buy more Disney — plus Wall Street praises our newest stockEvery weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Source: CNBC - 🏆 12. / 72 Read more »