Newscasts - AI IPOs will drive investment bank growth, says portfolio manager
15/01/2025 21:40
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_9cm0y6rt&referenceId=tag:reuters.com,2025:newsml_RW346815012025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: Jay D. Hatfield, CEO of Infrastructure Capital Advisors, says he's "bullish on financials, but more bullish on investment banks," as he expects not only an M&A boom "because of more reasonable antitrust enforcement," but also an AI IPO boom. Short Link: https://refini.tv/3DWAad0 Video Transcript: Major banks reported today and validated our view that investment banking was going to be really strong. That was true both in JPMorgan and Goldman Sachs, particularly Goldman Sachs are more investment banking focused. The other banks also showed gradual and projected gradual improvement in net interest margins. So, we're bullish on financials, but more bullish on investment banks. We think there's going to be a boom in not just M&A because of more reasonable antitrust enforcement, but also in the second half an AI IPO boom. So, it's really going to be these companies are going to be hitting on all cylinders. That's our number one idea for the year is investment banks