What We Learned From Big Bank Earnings Last Week

1. Large banks reported fourth-quarter profit boosts due to dealmaking resurgence. 2. Bank of America (BAC) saw a notable 44% rise in investment banking revenue. 3. Corporate bond issuance doubled year-over-year to $67.8 billion in December. 4. Global M&A deals increased to $3.4 trillion, up 15% from 2023. 5. Uncommitted capital of $3 trillion could further enhance M&A activity ongoing.