Best of Bloomberg Intelligence (06/09/2022)

The video features Allison Williams, a senior banks analyst at Bloomberg Intelligence, discussing the current state of the financial sector, particularly focusing on the IPO pipeline and its execution challenges. She highlights the bullish outlook on banks like Goldman Sachs, Morgan Stanley, and Jefferies, despite a stall in IPO activities. The discussion also covers alternative revenue streams, such as trading, which are supported by market volatility. The video concludes with insights into headcount stability in the banking sector and potential risks for 2023.

Which banks are considered to have the most bullish outlook according to the analysis?

• Bank of America, Citibank, and Wells Fargo

• HSBC, Barclays, and Deutsche Bank

• JP Morgan, Credit Suisse, and UBS

• Goldman Sachs, Morgan Stanley, and Jefferies

What is the primary reason for the decline in equity fees this year?

• Economic recession

• Regulatory changes

• Decline in IPO market

• Increased competition

What factor is expected to support trading activities despite the decline in equity fees?

• Market volatility

• Increased mergers and acquisitions

• Government subsidies

• Higher interest rates

What is the current outlook for headcount in the investment banking division?

• Stable for now with potential pullbacks

• Significant layoffs expected

• Rapid expansion planned

• Complete hiring freeze

What is the main concern if the IPO pipeline execution stalls?

• Increase in interest rates

• Potential pullback in headcount

• Rise in operational costs

• Reduction in junior talent hiring