News Formal

Wall Street bosses cheer investment banking gains but stay cautious

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 40 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 183%
  • Publisher: 92%

Canadian News Nyheter

Canada News,Breaking News Video,Canadian Breaking News

Investment banking divisions showed robust growth in the first quarter for the largest U.S. banks, which reported surging revenues and fees

Wall Street’s bosses are finally seeing signs of a broader pickup in investment banking, but they are not cheering too loudly just yet.

“We’re just happy to see the investment banking activity improve,” BofA’s finance chief Alastair Borthwick told journalists. He cited efforts to deepen is presence in middle markets and boost collaboration between corporate and commercial bankers. “We are cautiously optimistic that we could see a measured reopening of the IPO market in the second quarter,” Citigroup CEO Jane Fraser told analysts on Friday.

Citi hired JPMorgan’s former co-head of investment banking, Viswas Raghavan, who is tasked with growing its banking revenues when he joins later this year. Morgan Stanley’s Pick is more optimistic than other CEOs on the effect of geopolitical risks, saying in some cases it can even create incentive for international deals if global conflicts affect supply chains.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Wall Street bosses cheer investment banking gains but stay cautiousWall Street's bosses are finally seeing signs of a broader pickup in investment banking, but they are not cheering too loudly just yet. Investment banking...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Wall Street takes a 2% hit in cash bonuses: Investment banking slumpCash bonuses on Wall Street experienced a decline in 2023, with an average fall of approximately 2%. This downward trend in bonus payouts can be attributed...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Wall Street opens higher, edging back toward recordsNEW YORK (AP) — Stocks are opening higher on Wall Street. The S&P 500 rose 0.3% early Tuesday, coming off a listless performance where it edged a bit further from its all-time high set last week.
Källa: SooToday - 🏆 8. / 85 Läs mer »

Stock market today: Stock futures pop as Wall Street looks to continue record-setting runA bullish mood is prevailing on Wall Street.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »