ECM powers US bank gains

WallStreet_Adobe_575x375_15October2020
By Jasper Cox
15 Oct 2020

The leading US investment banks raked in fees from equity origination in the third quarter, with Goldman Sachs, Morgan Stanley and Bank of America all doubling their ECM revenues year-on-year.

Morgan Stanley came out on top in terms of which bank made the most in equity origination, although Goldman said it was first in worldwide equity and equity-related offerings, common stock offerings and IPOs for the year to date.

Alongside those two and Bank of America, ...

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