JPMorgan is leading the pack when it comes to Wall Street revenues, according to Dealogic"s preliminary league tables for the first nine months of the year.
Altogether, global investment banking revenue was down 14% from the same period last year. The only area where revenues were up was in M&A — particularly in healthcare M&A.
League tables are a contentious subject on Wall Street.
Banks use them when pitching for new business, and a good ranking means serious bragging rights. But the league table-data can also be sliced up to make a bank"s performance look better (by narrowing the field very narrowly, for example).
Though they"re based on estimates, these tables are the broadest possible and a closely-watched indicator of who is up and who is down.
Here"s how the banks stacked up this time around.
JPMorgan ranked first for overall investment banking revenues
JPMorgan has a 8% market share and $4.3 billion in total revenues for the year to September 23. It was followed closely by rival Goldman Sachs, with $4.1 billion and a 7.6% share. Bank of America was in third place, with $3.4 billion.
Global investment banking revenue was $54.3 billion for the first nine months of 2015, which was down 14% compared to the same period last year.
JPMorgan also ranked first for revenue in debt capital markets
JPMorgan has made $1.3 billion in revenue in debt capital markets, giving it an 8.4% share. Bank of America followed, with just over $1 billion in fees, and Citi raked in $872 million to place third.
DCM revenue fell year-on-year, too, down 12% from the same period last year to $15.1 billion. Revenue from high-yield bonds dropped $25% to its lowest level since 2010. On the other hand, investment-grade bond revenue was up.
Guess who ranked first for equity capital markets? JPMorgan again.
JPMorgan had a 7.4% share in equity capital markets, followed closely by Goldman Sachs and Morgan Stanley.
Equity capital markets revenue was down 15% year-on-year to $14.2 billion. Within that, IPO revenue was down 31%.
See the rest of the story at Business Insider
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Source: businessinsider.com
Here"s how much the top Wall Street banks have earned in fees this year
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