Wells Fargo's non-interest income grew by 12%, partially driven by higher investment banking fees and strong trading revenue, reflecting a positive trend amidst market fluctuations.
Bank of America experienced an 18% YoY increase in investment banking fees, totaling $1.4 billion, as renewed client confidence encouraged more debt and equity issuance.
Goldman Sachs' investment banking fees rose by 20% YoY, reaching $1.87 billion, driven by leveraged finance and significant activity in investment-grade segments.
Morgan Stanley's investment banking revenue surged by 56% YoY to $1.46 billion, showcasing a robust performance supported by its wealth management division.
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