Canadian investment banks should seek to expand their
foreign equity underwriting and trading capacities to compensate for the reduction in their Canadian revenues.
We also generated 39 % growth in investment banking revenue as our advisory revenue nearly doubled and
equity underwriting revenue was up nearly 50 % from the first quarter of 2017.
Reduced demand for Canadian equities from Canadian investors will mean
lower equity underwriting and trading revenues for Canadian investment dealers because it is unlikely to be replaced by increased foreign equity trading and underwriting by Canadian dealers.
The removal of the FPR will mean increased participation in foreign
equity underwritings by Canadian dealers for their retail distribution networks, but they will likely take a less lucrative and subordinate role in the underwriting syndicate than in domestic Canadian deals.
In particular, the acquisition will accelerate First Union's ability to
provide equity underwriting to its growing corporate base, while also expanding its services to individual investors.
The bank posted $ 1.6 billion in revenues from investment banking, down 7 % «driven by lower debt and
equity underwriting fees, which were partially offset by higher advisory fees.»
This is about revenue gained from combining
an equity underwriting and distribution firm with an M&A advisory firm.
No. 1 in M&A, restructuring and
equity underwriting.
Net revenues in
both equity underwriting and debt underwriting were significantly lower than the third quarter of 2010, reflecting a significant decline in industry - wide activity.
Deal activity, including M&A and
equity underwriting, imply a «stable and resilient environment, but not a booming one,» Kotowski wrote.
Commercial and corporate issuer clients receive debt and
equity underwriting and distribution capabilities, merger - related advisory services and risk management solutions via interest rate, equity, credit and commodity derivatives, foreign exchange, fixed income and mortgage - related products.
Equity underwriting should be very helpful to one of Capital Markets fastest growing divisions, the Real Estate Capital Markets Group.
Clients are able to tap into a team of professionals with sophisticated financial skills and deep industry experience drawn from investment banking, restructuring, law, real estate development, debt /
equity underwriting and structuring, REITs and rating agencies.