Wall Street's investment bankers expect to stay busy this year after reaping a windfall from big-ticket deals and stock market listings in 2025.
Top U.S. banks reported stronger fourth-quarter profits this week, with βGoldman Sachs' investment banking fees jumping 25% on a dealmaking boost and βrival Morgan Stanley reporting a 47% surge in investment banking revenue. Citigroup clinched record revenue from merger and acquisition (M&A) advisory last year.
"We are seeing an accelerating pipeline in M&A and IPOs," Morgan Stanley's chief financial officer, Sharon Yeshaya, said in an interview with Reuters, adding βthat the bank expects more deals in healthcare and industrial sectors.
Executives at other major ba
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