Investment Banking in the Wake of Economic Uncertainty

FY 2022 in Review and 2023 Outlook

FY 2022 in Review and 2023 Outlook_Page_01


Evalueserve’s investment banking experts put together an in-depth review of how the industry fared in FY 2022 and where it’s expected to go in FY 2023. This report includes a round-up of the activities and performances of many major investment banks and M&A advisory firms.

Here are some key points covered in the report:

  • All major investment banks had lower revenues in their IB practices in 2022 than in 2021 due to factors including rising inflation, fears of a global recession, unstable markets, and strict policies from banks.
  • Companies with dry powder, solid market positions, and the ability to take on debt are well-positioned for fast, profitable growth.
  • Valuations are expected to be more conservative this year, which usually means increased competition among buyers.
  • From 2021 to 2022, M&A deals had their worst YoY decline since 2001.
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