The next economic cycle will see an increase in mergers and acquisitions (M&A) and equity underwriting, Brad Hintz, senior analyst at Sanford Bernstein and former CFO at Lehman Brothers, told CNBC on Wednesday.
"We are seeing that equity underwriting is coming back. We are seeing leverage loan activity has picked up—that's a very good sign for the private equity piece, which of course is very good for the street," Hintz said.
"In terms of the numbers, we'll see announced M&A going up more rapidly than completed M&A—Q2, Q3 we'll see M&A activity beginning to come in. And that's really going be the story, which is the next wave," he said.