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Company: Bank of America

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Investment banking gains cushion weakness in banking: Fitch

Strong debt issuance, M&A expected to be revenue drivers in the quarter

Stacking interest rate blocks

Global revenues up driven by debt issuance, M&A advisory fees, LSEG reports

Surge in mega deals, valuations drive dealmaking activity in first six months of 2024

Both equity and debt issuance rises in the first six months of the year

Net interest margins shrink as loans contract, deposit costs rise

A rebound in investment banking represents a ray of hope for sector

Robust investment banking revenues to drive improved earnings

Investment banking

Trio of Canadian dealers climb global league tables

Building graph

Debt markets post record first quarter while U.S. leads equity-offering rebound