By Tatiana Bautzer and Nupur Anand
NEW YORK (Reuters) – U.S. financial institution CEOs expressed confidence within the dealmaking outlook and the well being of U.S. shoppers at an business convention in New York on Wednesday.
Financial institution of America’s buildup of advisory work on upcoming mergers and acquisitions is robust, whereas its pipelines for preliminary public choices “are full and ready to go,” CEO Brian Moynihan advised attendees.
In the meantime, KeyCorp (NYSE:) CEO Christopher Gorman famous shoppers have 30% extra money of their financial institution accounts at the moment than they did earlier than the pandemic, signaling “the economy is in good shape.”
