JPMorgan still top dog in investment banking, study finds
Goldman Sachs is second while Citi, BofAML and Deutsche Bank joint third, according to Coalition
By Gaurav Sharma | CFO UK | Published 14:27, 14 March 13
JPMorgan Chase has retained its top spot in the 2012 investment banking table by revenues netted, according to industry analytics firm Coalition.
Releasing its findings, Coalition said JPMorgan's investment banking revenues of US$24.1 billion (£16.1 billion) put it atop the list, followed by Goldman Sachs in second with Bank of America Merrill Lynch (BofAML), Citigroup and Deutsche Bank in joint third. Barclays came in sixth on the table.
Coalition estimated that 2012 revenues for the investment banks came in at US$159 billion (£106 billion pounds), up 10 percent on an annualised basis. The growth was led by a 21 percent year-over-year rise in the sphere of fixed income, currencies and commodities (FICC).
Yet again, JPMorgan topped the FICC league with revenues of US$14.4 billion (£9.6 billion pound), followed by Citi and Deutsche Bank. However, Goldman Sachs came atop the equities rankings with US$5.6 billion (£3.7 billion) of revenue, followed by JPMorgan and Morgan Stanley.
Advisory and origination was again led by JPMorgan, with revenues of US$5.2 billion (£3.4 billion pounds), followed by BofAML and Goldman Sachs. The study was based on public information revealed by the banks in their exchange filings. The data was subsequently benchmarked by Coalition to a common standard in order to produce the league table.
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