Whitney Partners, LLC的动态

In light of the recent bank earnings, we've heard mixed thoughts on a capital markets rebound coming. An article from the American Banker highlighted last year's suppressed activity, driven by greater volatility in the markets and heightened interest rates, and how the markets may look to catch-up this year. Morgan Stanley's investment banking revenues showed a 51% growth last quarter, with predictions for activity to pick up even further - and many of their peers are aligned in this thinking. The securitized markets are certainly picking back up and have stayed consistent throughout the year so far. ABS new issues volume is 31% higher year-over-year right now. We're keeping busy with it and using our opportunities of involvement to help get our new veteran team members up to speed for when the markets (hopefully) pick back up! https://lnkd.in/eZUymbXx

Here's what we've learned from day 2 of earnings: Wall Street's biggest banks reported rising investment banking fees in the third quarter, fueled by more deals and corporate debt issuance. Pipelines for new activity looked healthy, but some areas were slower to rebound. https://lnkd.in/gQE4MRPg Bank of America's profit fell, but beat estimates, driven by investment banking and trading. https://lnkd.in/gbc357nE Goldman Sachs earnings surpassed forecasts, fueled by a rebound in bond sales, stock offerings and mergers. https://lnkd.in/gSUQ3znJ Citigroup?posted a smaller-than-expected drop in profit as debt underwriting propped up investment banking results. But shares slid. https://lnkd.in/gDMtd4BT Big thanks as always to the team: Arasu Kannagi B., Nupur Anand, Niket Nishant, Saeed Azhar, Manya Saini, Tatiana Bautzer, Nivedita Balu, Noor Zainab Hussain, Megan Davies, Michelle Price, Anil DSilva, Mark Porter, Arun Koyyur, Nick Zieminski, Devika Sayamnath.

JPMorgan Chase & Co. raised $9 billion through a bond sale shortly after reporting record earnings. The offering, issued in four parts, included an 11-year bond that yielded 1.07 percentage points above U.S. Treasury bonds, lower than initially expected. This move is part of a larger trend where major U.S. banks, including Wells Fargo and Citigroup, are capitalizing on favorable market conditions such as lower yields and strong economic fundamentals. JPMorgan's decision to issue bonds also positions it to navigate potential market volatility ahead of the U.S. election.

Morgan Stanley (NYSE: #MS) Soars 2%+ on Tuesday After Stellar Q1 Results, CEO’s Upbeat Forecast https://lnkd.in/eyE-qY-k #MorganStanley #NYSE #MS #Earnings #Beat #Upswing #Profits #Bank #Mortgages #Loans #Banks #Invest #Savings #Checking #Payments #Transactions #Stocks

Goldman Sachs, JPMorgan Chase, Morgan Stanley, Bank of America and Citigroup reported $8.2bn in fees Wall Street has posted its best quarter for investment banking in more than two years, in what bankers said were the “early innings” of a sustained recovery. The five largest investment banks — Goldman Sachs, JPMorgan Chase, Morgan Stanley, Bank of America and Citigroup — together reported investment banking fees of $8.2bn in the second quarter, a 40 per cent increase from a year earlier and the highest since the start of 2022. All of the banks except Goldman announced higher than expected investment banking revenues for the quarter.?Morgan Stanley chief financial officer Sharon Yeshaya said on Tuesday that as buyers and sellers started to close a valuation gap that has stymied deals, “we expect that we are still in the early innings of an investment banking rebound”, echoing a phrase used by Goldman chief executive David Solomon a day earlier.? Great to hear Financial Times #finance #investmentbanking #goldmansachs #financialtimes #jpmorgan #bankofamerica

Bang in the middle of earnings season and our 1Q24 Revenue Report has been published. As promised, the link is available below. We’re not going to waste too much space declaring the top IB fee earners globally. Suffice to say, the domination from past years has not ceased. And of course, well done, you. You know who you are. A few honorable mentions and sticky points. Wells Fargo and Jefferies - You'll managed to slide into the top 10 charts for all round IB fee winners globally for all segments (ECM, M&A, FI), as per Dealogic data. Well done! And great work on the 1Q24 earnings, too. J.P. Morgan - you leave us speechless. You topped all four segments in the Americas. Fees from EMEA poured into the hands of American banks Morgan Stanley, Goldman Sachs & Bank of America As for Asia-Pacific, well, the less said about them, the better. Fees from the region slid to a 15-year low despite a few bright pockets of ECM and DCM activity Please read our full story below. Well, only some of it. For the rest, you need to sign up! https://lnkd.in/dnncC_KV #MNA #Bulgebracket #earningsseason #banks #IB #fees #revenue #DCM #bonds #loans #ECM #revenues

?? "Revenue from initial public offerings and merger-and-acquisition closings might still be slower than a year ago. But things are cooking on the credit side of the house, with big year-over-year jumps in loan syndication and debt underwriting fees across the street, according to figures compiled by Autonomous Research. M&A fees might also pick up later this year, if big deals recently struck actually make it to the finish line. Trading desks however may continue to see relatively subdued activity. Volatility in the bond market, as measured by the ICE BofAML MOVE index,?recently fell to levels?not seen since before the Fed began raising rates. Morgan Stanley analysts are forecasting a 10% year-over-year decline in fixed income, currency and commodities trading revenue for the quarter. Washington could be a swing factor this year, too. One of the big drivers of the expected shift toward nonbanks has been potentially tighter regulation on banks leading to higher capital requirements. Anticipating this, banks have amassed capital well beyond their current requirements. Morgan Stanley analysts say the big banks they cover have a record $180 billion of 'excess' key equity capital." #privateequity #privatecredit #banking Source: WSJ

Wall Street Investment Banks Experience Surging Investment-Banking Revenues Wall Street banks, including JPMorgan Chase, Citi, and Wells Fargo, have seen significant growth in investment-banking revenues. JPMorgan Chase reported a 46% increase, amounting to $2.5 billion, while Citi and Wells Fargo experienced substantial growth of 60% and 38% in their investment-banking fees, respectively. Despite these positive developments, JPMorgan’s CFO, Jeremy Barnum, expressed caution, citing high interest rates and a volatile regulatory environment as factors contributing to uncertainty. He also noted that much of the debt capital market activity was driven by refinancing existing debt rather than new deals. Industry experts predict a 20% rise in US corporate M&A volumes for the year, largely due to private equity buyers. However, the IPO market remains sluggish, with concerns over potential ‘down rounds’ affecting new listings. Additionally, global political tensions, particularly conflicts in the Middle East and Europe, add to the uncertainty in the financial landscape. # Thank you Adriana Silva for your submission!

I have exited The Toronto-Dominion Bank. I expect to generate superior long-term total returns from US companies. #TDBank #TD #investing #equities #investments #portfolio #financialfreedom #equityinvesting #financialliteracy #investing101 #investingforbeginners

Sharing some #markets coverage here, via Reuters, for pre-MDW light reading. For those wondering about those record #FICC financing revenues from our last couple quarterly earnings, here’s a peak under the tent at what’s partially driving our growth. At Goldman Sachs’ Investor Day last Feb, we highlighted increasing the durability of our global banking and markets revenues through financing as a key strategic priority. Here we are, showing and proving. https://lnkd.in/e-S-NHDN