Business AcquisitionEconomy and Trading

Wall Street Banking Rebound: Goldman Sachs, JPMorgan, Citigroup Surge Past Expectations

After nearly three years of sluggish performance, Wall Street’s biggest banks are experiencing a significant rebound in investment banking activity. Goldman Sachs, JPMorgan, and Citigroup all reported stronger-than-expected third-quarter results as mergers, acquisitions, and underwriting activity accelerate across global markets.

Wall Street’s investment banking sector is showing robust signs of recovery after nearly three years of pandemic-era volatility and economic uncertainty. Major financial institutions including Goldman Sachs, JPMorgan Chase, and Citigroup have all reported stronger-than-expected third-quarter results, signaling that the prolonged dealmaking drought that has affected banker compensation and morale may finally be easing.