After a rally through the first half of the summer, Wall Street bank stocks have lost their luster as rising interest rates threaten to cool their investment banking and trading booms that have powered their earnings. Despite reporting sturdy third quarter results in early October, the signs of a slowdown in deals and trading activity have begun to pick up. The environment only raises the stakes for Anthropic's highly anticipated public debut, which could come as soon as Nov. 16. Each of the five biggest Wall Street banks has won a mandate to help in Anthropic's planned November listing, according to the startup's S-1 filing. On average, the IPO could represent a roughly 0.
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