Mega Wall Street makers get the best year ever

This turns into the year of the huge deal of Wall Street.

Companies have so far announced 49 Global M & A transaction, which is valued at more than $ 10 billion, according to Mergermarket, the highest number of such as the so -called “huge deals” during the first nine months of any year ever.

These transactions include the acquisition of $ 55 billion electronic arts (EA(Union Pacific’s) (Union Pacific’s (UNP) 85 billion dollars in merging with the southern Norfolk railway competition (NSC) In July and Google (Goog32 billion dollars, the acquisition of the WIZ cloud security company, was revealed in March.

Some of the largest investment banks in Wall Street benefit from frenzy.

Another example came on Monday when the Jefferies Financial Group group (JeffShe said she got a record level of revenue -655.6 million dollars-from advice to customers on integration and acquisitions during a three-month period ending in August.

It was also a 10 % jump compared to the company’s M&A business during the same period last year.

Jefferies, CEO of Jefferies, described the bank’s mood as “increasingly optimistic” in a statement on the company’s quarterly results.

“We encourage us to recover in the global market morale,” Handler added.

Results are a good sign for major banks like Goldman Sachs (GS), Jpmorgan Chase (Jpm), Morgan Stanley (Ms), Bank of America (PileCitigroup (C) This plan to issue their profits in the third quarter in the coming weeks.

The shares of these banks have risen for most of this year, thanks to this significantly to trading, making deals, and mediation services. Many major banks expect that their deals will climb to increase the activity during the third quarter.

Global advertisements have risen of measuring integration and purchase deals in dollars to $ 1.22 trillion since the beginning of July, according to Dealgo data.

This is the size of the deal 345 billion dollars compared to the third quarter of last year and the top of the third quarter of integration operations since 2021.

“We have not yet finished with September, but I think we will get a quarter of a good for banking services investments,” the financial director of the Bank of America told a financial services conference earlier this month.

In both the investment and its trading department, “The teams are very busy, and we feel satisfied,” said Doug Betno, a co -chair of the JPMorgan and Investment Bank, at the same conference.

In Jeffrez, the total bank investment revenue for the third quarter of the company increased to $ 1.1 billion, an increase of 20 % over the third quarter of last year. Her profits for the same period increased by 38 % to 242 million dollars.

The company witnessed the largest increase in investment banking services revenues from the bond subscription department, which jumped by 36 % over the past period to 249 million dollars.

Jeffrez’s profits also remind investors that a better quarter of deals also mean high compensation expenses. The bank’s expenses of compensation and interest increased by $ 228 million from the previous quarter to $ 1.08 billion.

The compensation rate at the company level also increased above 52.3 % to 52.9 % during this period.

Petno from JPMorgan also indicated that compensation expenses should also rise.

He added: “You will see expenses related to higher performance, as we call them good expenses.”

David Hollerith covers the financial sectorand From the largest banks in the country to regional lenders, private stock companies, and cryptocurrency.

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