Investment-banking revenue rose 43% to $2.05 billion, better than the $1.65 billion that analysts had expected. Fees for advising on mergers and acquisitions soared 51% to $583 million, and revenue from equity and debt issuance increased 34% and 42%, respectively.
“We’ve seen more certainty now around trade and tariffs and around taxes as well. It’s allowed our client base to make longer term decisions,” Chief Financial Officer