---
title: Investment Banking in the Wake of Economic Uncertainty
---

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Investment Banking in the Wake of Economic Uncertainty

# FY 2022 in Review and 2023 Outlook

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## GET THE REPORT

### 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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