Investment banking was expected to make a strong comeback in early 2025. But instead, economic uncertainty and global market volatility slowed things down. Even though the five biggest U.S. banks: Goldman Sachs, Morgan Stanley, JP Morgan, Citigroup, and Bank of America made a total of $8.4 billion from investment banking in the first quarter, the numbers were not as high as they had hoped.
Investment banks like B. Riley Financial Inc. (NASDAQ; RILY) will be hoping that the economic landscape improves quickly so that their forecasted revenues don’t take undue large hits…
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