Dealmakers Top $1 Trillion and Bank Stocks Set a Record
The M&A buzz is back, KBW’s benchmark rallies and some pay gets boosted 30%
Traders work on the floor at the New York Stock Exchange
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
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Optimism doesn’t always age well, but The Monitor lives in the moment, which has been decidedly upbeat this week for banks and bankers. The industry’s benchmark stock index set a record high for the first time in three years, US regulators gave the industry a relatively clean bill of health and Wall Street is flush with deal activity (and no doubt fees, too).