Loan growth, margin expansion and trading powered U.S. banks' results
Underwriting fees drop, but completed M&A revenues rise
Deal activity slowed sharply from 2021's record pace, Refinitiv reports
Issuance declines in most categories, except investment grade corporates
Volume and value of equity offering activity drops sharply in Q1, Refinitiv reports
Strong equity, M&A markets drove bankers' fees to record highs
Deal making is expected to stay strong through year-end
Earnings at America's largest banks have been boosted by reserve releases as credit losses stay modest
Global IPOs and secondary offerings set records, at the same time as green bond issuance jumped
Trading revenues plunge from 2020 highs, but investment banking provides some solace