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Stock impact report

Wall Street says a Wall Street revival is finally here [Yahoo! Finance]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Yahoo! Finance
Bank of America ( BAC ), Goldman Sachs ( GS ), Citigroup ( C) , Morgan Stanley ( MS ) and JPMorgan Chase ( JPM ) all reported first-quarter jumps in investment banking. They did so because initial public offerings, bond issuances and in some cases M&A deal making beat analyst expectations. Collectively those revenues at the five big banks were up 26.6% from a year ago, to $8.08 billion. The biggest jump of 34% belonged to Bank of America, followed by 32% increases at Goldman and Citigroup. CEOs are not hiding their enthusiasm for the turnaround, following two years of depressed dealmaking. "The pipeline is clearly growing," Morgan Stanley boss Ted Pick told analysts Tuesday, repeatedly using the world "bullish" to describe his outlook. Wall Street is in the "early innings of a multi-year M&A cycle." Goldman CEO David Solomon said Monday that "it's clear that we're in the early stages of reopening the capital markets, adding that "I've said before that historically depress Show less Read more
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