Investment Banking

Big lenders expected to show investment banking upswing

US banks are set to receive a boost from increased dealmaking

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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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