Revenues were generally strong but earnings differed based on loan-loss reserves, Fitch said
Loan growth, margin expansion and trading powered U.S. banks' results
Underwriting fees drop, but completed M&A revenues rise
North American banks insulated, but securities firms could be hit by dropping equities values, Fitch says
Volume and value of equity offering activity drops sharply in Q1, Refinitiv reports
High-level management shifts occurred at several notable firms
BMO leads equity league tables, RBC tops the debt charts. The tech sector accounted for 19% of Canadian IPO activity
Capital markets, economic recovery seen powering banks' growth in 2022
Strong equity, M&A markets drove bankers' fees to record highs
Sector faces competitive and regulatory headwinds, even as recovery solidifies, Fitch says