Discussing the key drivers behind a big deal quarter for the large banks

The dealmaking downturn that started in 2022 has weighed on investment banking revenue, but the third quarter produced good results in the M&A advisory and capital markets underwriting businesses for the large US investment banks. RBC Capital Markets analyst Gerard Cassidy joined the Pipeline to discuss the results, the risks that could slow dealmaking and the importance of financial sponsors to the investment banks. Cassidy also touched on Wells Fargo's goal of becoming a top-five investment bank, and St. John's goal of returning to the Final Four of the men's college basketball NCAA tournament.  More S&P Global Market Intelligence Content:   M&A in Focus Webinar: The State of the Middle Market Webinar: M&A in Focus: Dealmaking Amid High Volatility Market Intelligence news: Wells Fargo new hires advise on PNC Financial's FirstBank acquisition Credits: Host: Joe Mantone Guest: Gerard Cassidy Published With Assistance From: Kyle Cangialosi and Patrick Moroney