JPMorgan tops investment banking revenue table, helped by M&A: survey

Tue Dec 1, 2015 7:03pm EST
 
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LONDON (Reuters) - JPMorgan (JPM.N: Quote) has topped investment bank league tables by revenue, with a surge in dealmaking helping it to pull in $18.2 billion in the year so far, a survey found on Wednesday.

JPMorgan's earnings gained 6.4 percent on the same period year before, when it earned $17.1 billion, according to Coalition's third-quarter Global League Table.

That meant the lender once again pipped Goldman Sachs (GS.N: Quote) to the top spot, the industry analytics firm found.

Deutsche Bank (DBKGn.DE: Quote) was the only European bank in the top five, at joint number three with Citi (C.N: Quote). Morgan Stanley (MS.N: Quote) and Bank of America Merrill Lynch (BAC.N: Quote) both landed the fifth position.

Within investment banking, JPMorgan also led the rankings for fixed income currencies and commodities (FICC) and the investment banking division (IBD), earning $8.8 billion and $4.9 billion respectively. IBD includes M&A, as well as debt and equity capital markets.

Morgan Stanley took pole position for equities at $5.3 billion, followed by Goldman Sachs.

Banking revenues have been helped by a surge in corporate dealmaking, the survey said.

Worldwide levels of M&A reached an all-time high of $4.2 trillion last week, following the $160 billion tie-up between Pfizer (PFE.N: Quote) and Botox maker Allergan (AGN.N: Quote). That broke the previous record of $4.1 trillion set before the crisis, according to Thomson Reuters data.

(Reporting By Freya Berry, editing by David Evans)

 
A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike Segar