Wall Street dealmaking has exploded since Trump took office

pulse

April 27, 2017 3:24 PM

Since President Donald Trump took office nearly 3,100 US M&A deals have been announced, according to recently released data from Thomson Reuters.

2017 has been the year of the deal.

Since President Donald Trump took office nearly 3,100 US M&A deals have been announced, according to recently released data from Thomson Reuters Deals Intelligence. In addition, 13 deals valued over $5 billion dollars have been announced since January 20. On top of that, cross-border M&A deals are at a record highs.

The Russian ruble and markets fell after US President Donald Trump's surprise strike on Syria, and US stocks retreated after the US bombed Afghanistan with its largest non-nuclear bomb. Meanwhile, the markets have been focused on the Korean peninsula,

"I think politics might have slowed up the mega-deals recently, as I think the French election was ... we got the response that I think was the most likely, and it was still a pretty positive response to a likely outcome, which shows possibly how much concern was in that election," he said.

However, he highlighted growth in smaller deals, valued at between $500 million and $2 billion. That market saw a 13% increase in completions, and the number of announcements was up 25%. He said:

"The US remains a very strong market in all ways, and I think that's what you're seeing a lot of this middle market [activity] ... where people I think are buying cash flow, buying companies just based on the cash flow, low interest rates, low volatility and ability to make that transaction work in that environment."

EY, the professional services firm, also highlighted high CEO and executive confidence in its latest Semiannual Capital Confidence Barometer.

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