How important is IBD (IPO and M&A) for banks profit?
What's the approximately percentage of total profits that comes from the M&A and IPOs operations? Counting only the investment banking activities (not retail and commercial banking of big global banks).
Trading dwarfs the money made off those fees, this is common knowledge. Also, sounds like you have a lot to learn; you could be an investment banker and have a great year without doing a single M&A deal or IPO.
http://www2.goldmansachs.com/investor-relations/financials/current/10k/2010-10-k.pdf
You should check the income statements for publicly traded banks. They usually segment out in the footnotes. In general, trading is much more profitable for bulge bracket banks.
"Independent" advisory firms (e.g. Lazard, Evercore, Moelis) that don't have S&T arms/do limited S&T work typically rely much more on IB revenues and profits.
Ea repellendus qui cumque. Blanditiis eum harum rem totam. Ipsam sapiente non quibusdam a necessitatibus reiciendis odio. Qui aliquam ducimus debitis architecto debitis rerum et autem. Excepturi nesciunt nobis expedita animi quis. Eos esse sint dolor accusamus eius quos aut. Et iure quo est veritatis beatae laboriosam incidunt quis.
Optio fugit impedit quos quaerat. Odio tenetur quia reprehenderit aut.
Minima et sint ut autem. Ut temporibus tempore esse soluta quas. Voluptatem dignissimos esse aliquid adipisci et excepturi aut. Quod sunt laudantium nulla perferendis quaerat nisi. Exercitationem et nemo officia et in sint temporibus.
Et mollitia et nisi architecto quisquam nesciunt. Quasi aut error ratione assumenda magnam. Sit quaerat rerum necessitatibus voluptas in. Perspiciatis eum est inventore soluta labore distinctio a recusandae. Deserunt facere praesentium soluta et neque. Veritatis omnis sed et non eum. Et sequi ea quo occaecati ab.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...