Wall Street bankers hope for dealmaking rebound after boom and bust

Wall Street bankers are eagerly anticipating that a rebound in dealmaking activity will raise bonuses and morale after more than a year in the doldrums, but fear that a return to the industry’s 2021 peak remains a long way off.Even for a business such as investment banking marked by feast-to-famine swings, the past four years have been extreme. Fees at the likes of Goldman Sachs, JPMorgan Chase and Morgan Stanley on corporate mergers, equity raises and debt underwriting surged in 2020 during..