Wall Street banks eye investment banking resurgence amid multifaceted economic challenges
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Wall Street banks reported a rise in investment-banking activity and a healthier pipeline of deals during the second quarter earnings season. Citigroup saw a 60% increase in investment banking revenue, JPMorgan's investment banking fees rose 50%, and Wells Fargo's investment banking revenue surged 38%. Despite these gains, the stock market reacted cautiously. The CFO of Citi, Mark Mason, stated that the pipeline of announced deals looks strong and should materialize by the end of the year and into 2025.

#WallStreet #InvestmentBanking #EconomicChallenges

https://www.wionews.com/business-economy/wall-street-banks-eye-investment-banking-resurgence-amid-multifaceted-economic-challenges-740658