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Investment Banking

Big lenders expected to show investment banking upswing

US banks are set to receive a boost from increased dealmaking

Morgan Stanley draws more revenue from investment banking than some competitors. Its headquarters in New York City.
Morgan Stanley draws more revenue from investment banking than some competitors. Its headquarters in New York City. Photo: Michael Nagle/Bloomberg

Analysts expect the largest US banks to report bigger hauls out of their investment banking operations from a year ago, buoyed by a gradual return of lucrative deals like mergers and equity underwriting after a slow period brought on by high interest rates. 

JPMorgan Chase and Wells Fargo — the first-and third-largest US lenders—are scheduled to report their third-quarter earnings results on 11 October, followed by reports from Bank of America, Citigroup, Morgan Stanley and Goldman Sachs the following week. 

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