Mergers and acquisitions activity has been hot in 2021. According to data from Refinitiv, as reported by Forbes , M&A deals in the first six months of the year totaled $2.82 trillion, a 132% increase from the same period in 2020.
As a result, investment banks are on track to post record profits in 2021, with companies like Jefferies (NYSE: JEF) , Moelis & Co. (NYSE: MC) , Goldman Sachs (NYSE: GS) , and Evercore (NYSE: EVR) leading the charge. Let's find out a bit more about these four investment banks and what elevated M&A activity is doing for them.
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4 Investment Banks Benefiting from Record M&A Activity