Optimistic outlook: Paraphernalia supporting Trump on display at a post on the floor of the New York Stock Exchange. CEOs are bullish on deal flow in 2025, betting that Trump’s White House will ease regulations, spurring greater activity. — AP
NEW YORK: Wall Street’s biggest banks anticipate there’s more to come from the boom in equity deal activity seen through the end of 2024, after clocking a sharp rise in their underwriting revenue.
Last quarter, heavyweights Morgan Stanley, Goldman Sachs Group Inc and Citigroup Inc posted 102%, 98% and 95% increases in equity underwriting revenue, respectively, benefitting from a revival in the initial public offering (IPO) market.
