Donald Trump built a winning campaign around his negotiating prowess, but his first three months in the White House have shown Wall Street that even the new president can’t deliver great deals overnight.
That won’t kill the momentum in dealmaking advisory services that the largest U.S. banks experienced during the first three months of 2017, when Morgan Stanley (MS) ranked at the top of The Deal’s M&A league tables, but it may slow the pace of further growth.
