Wall Street sees record-breaking mega deals this year, with 49 global M&A transactions over $10 billion so far, including Electronic Arts’ $55 billion buyout. Jefferies Financial Group reports $655.6 million in M&A revenue, up 10% from last year. Big banks like Goldman Sachs and JPMorgan Chase anticipate strong third-quarter earnings.

Global M&A deals surpass $1.22 trillion since July, a $345 billion increase from last year. Bank of America expects a robust investment banking quarter. Jefferies reports a 20% increase in total investment banking revenue to $1.1 billion for the third quarter, with profits climbing 38% to $242 million.

Jefferies’ earnings up 20% to $1.1 billion, with profits climbing 38% to $242 million. Bond underwriting revenue jumps 36% to $249 million. Compensation expenses rise by $228 million to $1.08 billion, with firm-wide compensation ratio increasing from 52.3% to 52.9%.

JPMorgan predicts higher compensation expenses, citing increased performance-related costs as good for business. David Hollerith covers financial news, from big banks to cryptocurrency. Stay informed with the latest economic news and indicators to guide your investing decisions. Read the latest financial and business news on Yahoo Finance.

Read more at Yahoo Finance: Mega Wall Street dealmakers are having their best year ever