According to BI’s Lisa Mahapatra Wall Street is coming back
slowly, and that means that competition for a bigger piece of the pie is hotter
than ever. To figure out who's winning
that war, Bloomberg Markets Magazine put together a list of the of the best
paid investment banks measured by the fees they earn.
This year, JP Morgan Chase made the top of a list. It was
the top investment bank in debt and equity fees overall. The bank's mergers and acquisitions fees fell
in 2012, but total fees rose 3.7 percent, to $50.9 billion. According to
Bloomberg Markets, that was driven higher "by a surge in the refinancing
of corporate debt."
Goldman Sachs, which ranked no. 1 last year, slipped to no.
2 this year, but still led the ranking for mergers and acquisitions fees. Morgan Stanley, which was no. 2 for 2011,
slipped to no. 3 because of the botched Facebook IPO....
No comments:
Post a Comment