Wall Street feasts on fees from SpaceX IPO and mega-mergers

New York | Wall Street banks this week are set to report their biggest haul from investment banking fees in four and a half years, fuelled by SpaceX's blockbuster stock market listing and a resurgence in mega-mergers.

The five largest US investment banks - JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup - are forecast to report a year-on-year fees increase of 27 per cent in the second quarter, according to estimates compiled by Bloomberg.