Investment Banking Investment-banking revenue topped $22 billion in the first quarter, according to Dealogic.
That is down 31% from the first quarter of 2021, but still above prepandemic levels. The pace of mergers and acquisitions was brisk, but the volume of initial public offerings fell sharply.
Uncertain economic conditions and market volatility gave companies pause about going public. Investors will be looking for clues from bank executives on how quickly that particular business can rebound.
They will be also watching employee compensation carefully, since higher expenses sparked a selloff after fourth-quarter results came out in January. Trading It was a quarter of extremes for key asset classes.