October 15, 2024

Wall Street’s Engine is Revving Again, Boosting Big Lenders

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Investment-banking executives have been forecasting a return of deal-making activity, if a gradual one, for months. Their latest financial results show that moment has arrived.

Citigroup, Bank of America, and Goldman Sachs reported on Tuesday that their investment banking businesses’ fee hauls rose 44%, 18%, and 20% from a year ago, respectively.

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