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Balance Sheet Bank, which is kind of an in-between (they can win large deals thanks to their BS)
Yeah wells doesn’t really compete in M&A but they will underwrite some great deals.
They’re better for capital markets positions due to their BS strength, so get a lot more action in like DCM or Structured Finance. But I’d say they’re closer to a large MM-UMM if you’re talking about their coverage groups.
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