Morgan Stanley, JP Morgan cash in on China international deal pickup

Morgan Stanley, JP Morgan cash in on China international deal pickup

FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo

The fees Wall Street’s top banks earn from advising Chinese clients on international deals recovered in 2024 as tighter domestic listing rules pushed companies to look to Hong Kong and the U.S.