Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, July 2, 2014

First-half investment bank fees at highest since 2007, (NYSE: TRI), (TSE: TRI.TO)

Fees paid for investment banking services rose 12 percent in the first half of 2014, their strongest start in seven years, data showed on Wednesday, as surging stock markets encouraged firms to strike deals.Global investment banking fees totalled $47.1 billion in the first six months of the year, compared to $42.2 billion last year, according to data from Thomson Reuters and Freeman Consulting. That was the highest level since 2007, when investment banks earned $56.8 billion.Fees in Europe showed the most improvement, rising 29 percent so far this year, while in Asia Pacific fees were 10 percent higher. They were up 6 percent in the Americas and down 15 percent in Africa and the Middle East.Record highs in stock markets and continued low volatility have prompted an increasing number of firms to hire investment banks to help them issue equity. Private equity firms have also sought their services as they seize the opportunity to sell out of investments made before the financial crisis.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.16% or $-0.06/share to $36.39. In the past year, the shares have traded as low as $32.36 and as high as $38.73. On average, 812392 shares of TRI exchange hands on a given day and today's volume is recorded at 291213.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.08% or $-0.03/share to $38.82. In the past year, the shares have traded as low as $33.70 and as high as $42.10. On average, 618830 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 300610.



Source