Increased deal activity in the first nine months of the year has netted investment banking advisers $68.8 billion in fees, 13 percent more than they earned a year earlier, new data showed on Thursday.It was the best start to the year for investment banking fees since 2007, according to data for the year to Oct. 1, compiled by Thomson Reuters and Freeman Consulting.Greater levels of confidence and the availability of cheap financing have encouraged companies to pull the trigger on mergers and acquisitions, lifting volumes by more 60 percent to $2.7 trillion, while strong investor demand has driven up equity capital market (ECM) deals by a quarter to $678.1 billion, separate data showed this week.The end of the third quarter featured Chinese e-commerce company Alibaba's $25 billion initial public offering (IPO), for which bankers earned fees of $300 million.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.05% or $-0.02/share to $36.39. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 662642 shares of TRI exchange hands on a given day and today's volume is recorded at 1097478.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.34% or $-0.14/share to $40.66. In the past year, the shares have traded as low as $35.07 and as high as $42.10. On average, 643562 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1080691.
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