Global Investment Banks Report Surge in 2024 Activity

In 2024, the equity capital markets (ECM) experienced significant growth, with global issuance volume reaching $741 billion, a 20% increase from the previous year, driven by easing inflation and interest rates. The US led this surge with $366.7 billion in issuance, marking a 56% rise, while India became the second-largest equities market globally. Additionally, the infrastructure sector saw robust deal activity, totaling $157 billion, as investment banks engaged extensively in renewable energy and critical infrastructure projects. Major banks like Standard Chartered and J.P. Morgan were key players in financing these ventures, emphasizing sustainable investments. However, healthcare and life sciences M&A volumes fell by 28%, contrasting with the overall ECM boom, while debt markets faced a slow start in 2025 as issuers adopted a cautious approach. Despite the uptick in ECM activity, geopolitical tensions and trade wars remain concerns for future market stability.