Goldman Sachs and Morgan Stanley Deliver Earnings Beats

The video discusses the strong trading revenues of banks like Goldman Sachs and Morgan Stanley, driven by market volatility. It examines the impact of banks exiting the Russian market, particularly on Citigroup. The potential for a recession is debated, with differing views from bank leaders. The outlook for advisory services and M&A activities is explored, noting a slowdown. Finally, trends in fundraising and IPO activities are highlighted, with a focus on the need for underwriting to rebound.

Discuss the outlook for the advisory business as mentioned in the text.

What risks did Jamie Dimon and David Solomon highlight regarding the current economic environment?