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About $11 billion in combined investment banking fees is expected from six large banks this quarter, as a resurgence in mega-mergers and the SpaceX initial public offering returned deal volume to levels not seen for an extended stretch, projections ahead of earnings season show.
Fee pool and its two drivers The $11 billion estimate covers the combined advisory and underwriting revenue of six banks.
Two factors account for most of the recovery: a wave of large-scale mergers returning to market and the SpaceX IPO advancing through the pipeline.
Together they appear to have been sufficient to push the group's aggregate fee pool to approximately that figure. The estimate remains a projection until results are officially reported.
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