Wall Street says a Wall Street revival is finally here

News Snapshot:

Wall Street is surging again. This time, bank executives say it’s for real. Bank of America (BAC), Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and JPMorgan Chase (JPM) all reported first-quarter jumps in investment banking. They did so because initial public offerings, bond issuances and in some cases M&A deal making beat analyst expectations. Collectively those revenues at the five big banks were up 26.6% from a year ago, to $8.08 billion. The biggest jump of 34% belonged to Bank of America, followed by 32% increases at Goldman and Citigroup. CEOs are not hiding their enthusiasm for the turnaround,...