Key Points in Wall Street Major Earnings Reports: The Impact of the SpaceX IPO and the Volatility of the Iran War

2. According to KBW analyst Chris McGratty’s forecast, investment banking revenue may surge by 26% year-over-year, while trading revenue could increase by 14%. 3. SpaceX's IPO has driven a surge in fees for Goldman Sachs and Morgan Stanley, including work on debt financing as well as “soft dollars” received from hedge funds due to the IPO’s oversubscription. University of Florida professor Jay Ritter pointed out that, in IPOs, the biggest profit point for investment banks is actually not the traditional fees, but rather “soft dollars.”4. As banks and private credit institutions compete for AI-driven corporate spending, commercial lending is showing signs of recovery. Expand