Oppenheimer Pegs Back its 2025 Investment Banking Forecast for the US
Oppenheimer has revised its outlook for U.S. investment banking revenue in 2025, scrapping its previous forecast of a 32% increase. The financial firm now expects no growth in the sector, citing mounting concerns over tariffs and trade policy uncertainties. This decision reflects a growing sense of caution among Wall Street analysts who had been optimistic about a rebound in mergers and acquisitions (M&A) following Donald Trump's return to the White House. As part of its revised forecast, Oppenheimer downgraded major players in the investment banking sector, including Goldman Sachs, Jefferies, and Carlyle. The brokerage firm cited the impact of unpredictable…