Since the coronavirus pandemic began, companies looking to bolster their balance sheets have rushed to sell stock in record amounts. The result has been a resurgence in fees to Wall Street banks in a high-margin area that had languished for years—a bounceback bankers and investors say could last through the fall. Thanks to a flood of new-stock issuance and a resilient IPO market, companies raised nearly $190 billion from the end of March through the end of June, the most ever in a single quarter for the U.S. equity-capital...

Source: Wall Street Journal July 09, 2020 11:03 UTC