Wall Street's biggest banks are beating investment-banking revenue estimates

A surge in equity capital markets and debt market activity is boosting investment banking revenue growth at the big five Wall Street banks past analyst estimates for the first quarter, analysts at Jefferies said Thursday.Bank of America Corp. BAC, +1.01% is leading among the top banks with total investment banking revenue up more than 25% in the first quarter, compared with the year-ago period, followed by a 15% jump for JPMorgan Chase JPM, +0.35%, 10% for Citigroup Inc. C, +0.19%, about 7% for Morgan Stanl ...