So-called investment-banking revenue, which includes mergers advisory, advanced 8% to $863.6m, the firm said in a statement Wednesday.
'They have the benefit of this very robust business they got in the U.S. from Lehman', said Christopher Wheeler, an analyst at Mediobanca SpA who rates the lender outperform.
'We’ve been building out our capability in prime services and equities post the acquisition of the Lehman franchise in the U.S. and what we’re starting to see is the benefits of those investments paying off', Jenkins, 51, told reporters on a conference call Wednesday. 'We are very happy with the performance of that unit'.
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