Analysts said they now expect US investment banking revenue to be flat this year, instead of jumping 32% as predicted previously.
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According to Dealogic, just 1,603 deals have been signed this year through Friday, down 19% year-over-year.
Ellevest plans to focus on its private wealth management and financial planning business lines going forward.
Hedge funds are still all in on the AI boom that drove the Magnificent Seven’s gains, they just think it’s creating value elsewhere now.
Punxsutawney Phil may see six more weeks of winter, but hedge funds aren’t waiting to emerge from their bearish slumber.
Wall Street ended 2024 on a high note, providing investors with a sigh of relief as we enter the new year.
The Wall Street firm said parts of its investment banking and markets divisions will be combined to form a team focused on mega-deals.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.
This month marks the end of what Goldman Sachs estimates will be a record year for stock buybacks, with a volume of roughly $930 billion.
The famed Wharton School economist points to sky high valuations and a possible sector rotation.
Fidelity has hired an industry veteran to lead one of the world’s largest professional networks of family offices.
A Morgan Stanley partnership with Carta could result in more clients, and more assets, for its advisory business.
Real-time prices for corporate bonds are hard to come by. A handful of banks want to bring the closely guarded data into the 21st century.
Saudi Arabia’s Mammoth Public Investment Fund Turns Inward Just As One of the Country’s Top Allies Reclaims the White House.
Through its white label platform, the bank hopes to be a dominant force in Europe’s growing active ETF market.
Goldman Sachs’ equity strategy team forecasts that America’s blue chip S&P 500 index will bring in infinitesimal returns for the next decade.