Industry Insight Report: Investment Banker & Securities Q4-2024
Industry Insight Report: Investment Banker & Securities Q4-2024
Investment Banking Revenue Increases
Citigroup, Bank of America, and Goldman Sachs reported that their third quarter investment banking businesses’ revenue increased 44%, 18%, and 20% year over year, respectively. JPMorgan Chase and Wells Fargo reported increases of 30% and 37% from a year earlier. Goldman Sachs said that third-quarter fees from advisory assignments — bankers providing clients advice on complicated deals such as restructuring and acquisitions — increased 5% from a year earlier and 27% from the prior quarter. Equity and debt underwriting revenue at Goldman increased a respective 25% and 46% year over year.
News Spotlight:
US banks to gain from looser capital, merger policies under Trump Reuters: Full Article »
Industry Forecast
Sales for the US securities brokerages industry are forecast to grow at a 3.66% compounded annual rate from 2024 to 2028, slower than the growth of the overall economy.
By the Numbers
Employment by investment banking and securities intermediation decreases Overall employment by investment banking and securities intermediation changed -1.3% in October compared to a year ago, according to the latest data from the Bureau of Labor Statistics.
Wages at investment banking and securities intermediation rise Average wages for nonsupervisory employees at investment banking and securities intermediation were $52.28 per hour in October, a 5.3% change compared to a year ago.
Lion Business Advisors quarterly industry insights data provided by VerticalIQ industry intelligence platform
Industry Insight Report: Investment Banker & Securities Q4-2024
Investment Banking Revenue Increases
Citigroup, Bank of America, and Goldman Sachs reported that their third quarter investment banking businesses’ revenue increased 44%, 18%, and 20% year over year, respectively. JPMorgan Chase and Wells Fargo reported increases of 30% and 37% from a year earlier. Goldman Sachs said that third-quarter fees from advisory assignments — bankers providing clients advice on complicated deals such as restructuring and acquisitions — increased 5% from a year earlier and 27% from the prior quarter. Equity and debt underwriting revenue at Goldman increased a respective 25% and 46% year over year.
News Spotlight:
US banks to gain from looser capital, merger policies under Trump
Reuters: Full Article »
Industry Forecast
Sales for the US securities brokerages industry are forecast to grow at a 3.66% compounded annual rate from 2024 to 2028, slower than the growth of the overall economy.
By the Numbers
Employment by investment banking and securities intermediation decreases
Overall employment by investment banking and securities intermediation changed -1.3% in October compared to a year ago, according to the latest data from the Bureau of Labor Statistics.
Wages at investment banking and securities intermediation rise
Average wages for nonsupervisory employees at investment banking and securities intermediation were $52.28 per hour in October, a 5.3% change compared to a year ago.
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