Financial Digest

Investment banking is back — and the recovery is just getting started

  • 📰 CNBC
  • ⏱ Reading Time:
  • 7 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 55%
  • Publisher: 72%

Jpmorgan Chase & Co News

Citigroup Inc,Bank Of America Corp,Goldman Sachs Group Inc

Revenues from Wall Street dealmaking surged, which helped to offset weakness from the Federal Reserve's high interest rates.

Investment banking was the rock star of big bank earnings this season. Club holdings Morgan Stanley and Wells Fargo , along with JPMorgan Chase , Goldman Sachs , Bank of America and Citigroup , saw double-digit percentage growth in revenues for their investment banking businesses. Meanwhile, fees from the five largest U.S. investment banks, which include Morgan Stanley, Goldman, JPMorgan, Citi and Bank of America, came in at roughly $8.

A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.

 

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:

 /  🏆 12. 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 see investment banking improvement, with some cautionWall 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.
Source: Reuters - 🏆 2. / 97 Read more »

Downtown Investment Authority ends Laura Street Trio negotiations with SouthEast Development GroupThe vacant buildings have stood in downtown Jacksonville since shortly after the Great Fire of 1901.
Source: FCN2go - 🏆 523. / 51 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 »