2 Investment Banks to Buy Despite Muted Industry Prospects
HOODRobinhood(HOOD) ZACKS·2024-07-30 21:16

Given the reversal in corporate debt and equity issuances and deal-making activities, the Zacks Investment Bank industry is expected to witness a turnaround in investment banking fees in the quarters ahead.Yet, normalized/volatile client activity in the trading business is expected to hurt trading revenues in the near term. While costs related to technological upgrades might impede bottom-line growth, industry players will eventually witness improved operating efficiency. These factors will keep aiding inve ...