Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.
In the euphoric markets of 2024, the biggest sin was skepticism. A white-hot runup in risky assets made life miserable for anyone buying into the frenzy of fresh products that Wall Street was hawking to hedge and diversify.
Emboldened by a friendlier incoming Trump administration and their success last year in weakening draft capital hikes, big U.S. banks plan to push to overhaul other U.S. capital rules, according to industry executives.
Hindenburg Research founder Nate Anderson, a foe of Carl Icahn and the Adani family, cites the stress of his job as he shuts down the firm.
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.
Goldman estimates that companies could spend some $1.07 trillion on buying back their own stock this year. On the other side of the equation, global investors have poured about $143 billion into money market funds in the week ending Jan 10, the largest since March 25, 2020, Goldman said.
US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.
"I am worried that the anti-woke rhetoric will lead us straight back to the macho 'Wolf of Wall Street' era," Stefan Hoops wrote in the post from three days ago, referring to the Hollywood movie based on the memoir of controversial U.S. fund manager and convicted fraudster Jordan Belfort.
Even as trading and dealmaking surge, lending growth is muted.
Wall Street started higher ahead of Trump's inauguration on Monday. Investors expect a flurry of executive orders, including on crypto and TikTok.
Goldman Sachs and JPMorgan Chase kicked off bank earnings season with blowout results. Here's what it could mean for hiring across Wall Street.