0840 GMT - Global investment banks kick off the year in a setting in which relatively high volatility will support markets revenues, RBC Capital Markets says. Meanwhile, investment banking activity should continue to recover, especially in the U.S. with deregulation as a catalyst, the analysts write in a research note. Looking forward to 2025 after a good fourth quarter, analysts predict that capital markets revenues should outpace other revenues' growth rate. Bank of America and Citigroup in the U.S., along with Barclays, Deutsche Bank, UBS and BNP Paribas in Europe are geared to benefit from these trends, they add. "The risk is that geopolitical events, elections as well as stickier inflation negatively impact investment banking activity but this might have a positive knock-on effect on trading," they note. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
January 06, 2025 03:41 ET (08:41 GMT)
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