Capital Markets ActivityM&A and IPO activity levels are still well below trend line and that is not going to change in 3Q24.
Financial PerformanceWM net interest income (NII) was down 9% year-over-year and 1% quarter-over-quarter, in line with guidance of a modest quarterly decline.
Global Economic ConditionsGlobal economic slowdown, prolonged high market interest rates, noticeable contraction in market liquidity, and a substantial correction in global asset valuation.