Browsing: Market Conditions

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2022 was Another Strong Year for Bulge Bank Equities Despite Faltering Markets

The ten largest equities franchises posted 2022 revenues which were the second highest ever, thanks to a strong first half.  Revenues fell precipitously in the fourth quarter, boding ill for ...

2022 US Equity Commissions Fell 18% According to Bloomberg

U.S. institutional equity commissions shrank to $7.3 billion in 2022, down $1.6 billion from a buoyant $8.9 billion in 2021.  IPO volumes fell as market values collapsed, creating a more ...
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U.S. IPO Activity Posts Pathetic Close to 2022

US IPO activity posted an extremely weak performance in December 2022 as only 1 new deal was priced during the month, 89% below the level of deals priced during the ...

Wall Street Bankers to Receive Lumps of Coal in 2022

According to Bloomberg, J.P. Morgan, Bank of America Merrill Lynch, Goldman Sachs and other investment banks are considering slashing bonuses by up to 30% in 2022.  In addition, a number ...

US Equity Commissions Resume Decline, Falling 10% in Latest Coalition Greenwich Survey

The downward trend in US equity commissions reasserted itself after a brief respite during the frenzied pandemic trading, shrinking 10.1% for the 12 months ended March 2022, according to the ...
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Independent Research Firms Top Investment Banks for Buy Recommendation Performance

The buy recommendations from independent research boutiques have bested their investment bank rivals over the last three years, according to performance information collected by Investars, a research performance measurement and ...

Equity Hedge Funds Begin Second Half of 2022 with Gains

According to Chicago-based hedge fund research and consulting firm HFR, hedge funds posted a modest 1.3% gain in July, despite accelerating inflation, interest rate hikes by the US Federal Reserve, ...

A Day in the Life from my Sell-Side Days

This account of a junior sell-side analyst's work day was authored by Dick Toad, the pseudonym for a former sell-side tech analyst who also worked for two long/short hedge funds.  ...

Will Plunging ECM Deals Leads to Layoffs?

Equity offerings in Europe, the Middle East and Africa have plunged almost 70% so far this year, while the number of IPOs in the US during the 1st Qtr 2022 ...
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Active Managers Continued to Under Perform Passive in 2021

Most active US equity funds fell short of their passive counterparts for the eighth consecutive year, according to analysis by S&P Dow Jones Indices. 80% of all domestic US funds ...
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