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banks are collecting fee income from a revival in large deal-making, with the SpaceX initial public offering and a run of mega-mergers accounting for the bulk of the activity.
AI optimism and a strong consumer have fueled a market rally enabling the transaction pickup. A deal market recovering Large deal-making is in recovery.
SpaceX's anticipated public offering ranks among the highest-profile transactions in the current pipeline, generating fees for the Wall Street banks advising on it.
Mega-mergers are broadening that income base across advisory and financing mandates. Investment banking revenue tracks deal volume closely.
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