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any year ever.These transactions include the $55 billion leveraged buyout of Electronic Arts (EA) announced Monday, Union Pacific's (UNP) $85 billion merger with rival railroad Norfolk Southern (NSC) in July and Google's (GOOG) $32 billion acquisition of cloud security firm Wiz unveiled in March.Some of the biggest investment banks on Wall Street are benefiting from the frenzy.The latest example came Monday when Jefferies Financial Group (JEF) said it pulled in a record level of revenue — $655.6 million — from advising clients on mergers and acquisitions during a three-month period ending in August.That was also a 10% jump compared with the firm’s M&A business during the same period last year.Jefferies Financial Group offices in Manhattan. REUTERS/Eduardo Munoz/File Photo · REUTERS / ReutersJefferies CEO Richard Handler described the mood at the bank as “increasingly optimistic” in a statement on the firm’s quarterly results.“We are encouraged by the rebound in global market sentiment,” Handler added.The results are a good sign for bigger banks such as Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), Bank of America (BAC) and Citigroup (C) that plan to release their own third quarter earnings in the coming weeks.The stocks of these banks have rallied for most of this year, thanks in large part to trading, dealmaking, and brokerage services. Many major banks are expecting their dealmaking fees to climb higher dur to increased activity during the third quarter.Global announcements for M&A deals measured in dollars surged to $1.22 trillion since the beginning of July, according to Dealogic data.Electronic Arts headquarters in Redwood City, Calif. (Photo by Justin Sullivan/Getty Images) · Justin Sullivan via Getty ImagesThat's $345 billion more deal volume compared to the third quarter of last year and the highest third quarter for M&A since 2021."We're not finished yet with September, but I would think we're gonna have a good investment banking quarter," Bank of America CFO Alastair Borthwick said at a financial services conference earlier this month.In both investment and its trading division, “the teams are quite busy, and we feel great,” Doug Petno, co-head of JPMorgan’s commercial and investment bank, said at the same conference.At Jefferies, total investment banking revenue for the company’s third quarter climbed to $1.1 billion, a 20% increase from the third quarter of last year. 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