I-banking Off To Strong Start In 2014 As Morgan Stanley Leads

I-banking looks upbeat with announced deal volumes in 2Q are up nicely Q-Q, aided by strong IPO volumes, according to a recent report from research firm Jefferies.

Ken Usdin and team at Jefferies in their May 12th report, analyzed 1Q i-banking and trading results of large nine i-banks.

I-banking: Strong advisory volumes anticipated

The Jefferies analysts point out that i-banking fees were strongest for Morgan Stanley (NYSE:MS), Credit Suisse Group AG (ADR) (NYSE:CS) and Goldman Sachs Group Inc (NYSE:GS) in 1Q 14. This can be seen from the following graph:

Interestingly, advisory fees were up 31% year over year, as all banks witnessed Y-Y growth ex-Citi. The following graph highlights...