- It has been two years of depressed Wall Street and it's finally surging again with bank executives saying it's for real.
- Investment banking has revived considerably judging from Q1 2024 vs Q1 2023.
- Bank of America, Goldman Sachs, Citigroup, Morgan Stanley, and JPMorgan Chase have all reported Q1 jumps in investment banking.
- IPO, Bond issuances, and M&A deals have been beating analyst expectations.
- Morgan Stanley's CEO repeatedly used the word "Bullish" to describe his outlook.
- Goldman's CEO stated "it's clear that we're in the early stages of reopening the capital markets," "I've said before that historically depressed levels of activity wouldn't last forever."
- There is a need for companies to grow/restructure following the pandemic with mandates for private equity to return gains to their investors.
https://finance.yahoo.com/news/wall-street-says-a-wall-street-revival-is-finally-here-080059304.html
