According to the Wall St Journal J.P. Morgan remained in the top spot in global investment-banking revenue for the first half of the year, according to data-provider Dealogic’s preliminary count of the first two quarters.
The nation’s second biggest by assets raked in $3.33 billion in revenue from activities including capital markets, M&A advice and syndicated lending. That sum was a 39% increase from the first half of 2010, giving J.P. Morgan 8.7% of the global market, according to Dealogic. In the three industries that generated the most investment-banking revenue–financials, energy and natural resources and industrials–J.P. Morgan was the top manager. It also led in health-care revenue, where the biggest percentage increase in revenue by industry occurred.
BofA remained in second place, with an 8% market share and $3.06 billion in revenue, up 33% from the prior year. After those two leaders, the drop off was steep in terms of market share.Morgan Stanley brought in $2.28 billion, slightly edging out rival Goldman Sachs, which brought in $2.27 billion. Each had a 6% market share, a bigger improvement for Morgan Stanley, which had just 5.2% of the market for the first half of 2010….
Find out more at: http://blogs.wsj.com/deals/2011/06/27/whos-no-1-j-p-morgan-is-top-investment-bank-again/
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