Moelis & Company LLC provides a broad range of advisory services to clients in connection with mergers, acquisitions, restructurings and other corporate finance matters.

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Moelis plans IPO early this year

Piggy Bank

Moelis, the advisory firm founded in 2007 by former UBS banker Kenneth Moelis, is exploring an initial public offering early this year, according to two people with knowledge of the preparations.

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Piggy Bank

Moelis plans IPO early this year

Moelis, the advisory firm founded in 2007 by former UBS banker Kenneth Moelis, is exploring an initial public offering early this year, according to two people with knowledge of the preparations.

BofA, Citi, GS, JPM, Jeff, ML, MS, UBS

Reuters reports that Bank of America saw its second-quarter profits rise some 5% to $5.76bn on private-equity gains and an increase in investment banking revenues. Profit at the corporate and investment banking unit increased 27% to $1.67bn from one year ago. The fly in the ointment on the results front was that the bank set aside $1.81bn in the quarter for future credit losses.

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