Investment banks are projected to bounce back in 2024 thanks to a robust U.S. economy and the possibility of interest rate reductions. In Q1 2024, CEO confidence turned positive, and many investment banks are hiring additional senior bankers, indicating expectations for an earlier-than-expected recovery. In this video, CFRA Senior Equity Analyst Michael Elliott, CFA, emphasizes that fundamental performance improvement is predicted to accelerate in the latter half of 2024, due to lengthy deal cycles and expected interest rate cuts later in the year.
Research, Video
Analyst Video: Investment Banks
19 March 2024