Morgan Stanley sees a comeback in Wall Street deals underway — and expects some financial stocks to reap the benefits.
However, Goldman Sachs said sponsor-led mergers and acquisitions do not necessarily need a decrease in interest rates to take off.
Stadnik said a capital markets renaissance is one key reason to be overweight money center banks.
Of this group, he called Goldman Sachs the "purest play" on this theme.
Goldman Sachs shares have climbed more than 15% this year.
Persons:
Morgan Stanley, Andrei Stadnik, Stadnik, Morgan Stanley's, Goldman Sachs, Blackstone, Morgan, LSEG
Organizations:
Wall Street, JPMorgan, LSEG
Locations:
U.S