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Bloomberg: JPMorgan Topples Citi as No. 2 Muni Underwriter in 2022 Rankings

12/15/2022

Tom Kozlik, Hilltop Securities Inc.’s head of municipal research & analytics, said he wouldn’t be surprised if the number of underwriters dwindles even further by 2024 or 2025. While the competition heats up among underwriters, issuers like cities and towns will start seeing a reprieve as the demand for paper returns, which analysts expect next year as performance rebounds.

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