(Bloomberg) --
"I think it is going to accelerate more," he said in a CNBC interview Wednesday. "We are seeing things in our business, and when I talk to clients, that indicate that after waiting for valuations to move and for time to pass, people are ready to be more active."
Shares of the biggest US banks soared in the wake of Trump's victory, on the prospect that they'll again be among the top beneficiaries of Trump's regulatory and tax agenda.
Still, that euphoria has cooled a bit in the days since as investors assess Trump's cabinet nominations and potential policies once he takes office in January.
"We are seeing a pickup in our backlog, we are seeing a pickup in activity, and I do think in 2025 we're going to have more robust capital markets," Solomon said.
In the wide-ranging interview, Solomon said he has not talked directly to the president-elect. When asked about Trump's yet-to-be-announced pick for Treasury secretary, the
"There are a lot of good candidates," Solomon said. "I'm excited to see who the president chooses and look forward to working with the entire economics team as they move forward."
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