Ranking IBanks: JP Morgan Still #1, Wells Fargo Grows
Data-provider Dealogic released its rankings of investment banking revenues for the first half of 2011, and among U.S. and International banks JP Morgan (NYSE:JPM) led the way in earnings. JP took in $3.33 billion in revenues from activities including capital markets, M&A advice and syndicated lending, up 39% YoY. JPM was responsible for almost 9% of all investment banking activity globally in the first two quarters this year. Coming in second was Bank of America (NYSE:BAC) which held its own with revenues of $3.06 billion (33% YoY growth) and market share of 8%.
Plodding on down through the rankings brings us to third and fourth place, where Goldman-Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) essentially tie for third. Both companies had 6% of global market share and revenues of $2.28 (Stanley) and $2.27 billion (Sachs), though MS has grown faster so far this year. Other notable finishers were Wells Fargo (NYSE:WFC), just cracking the top ten on revenues of $809 million (54% YoY growth), making it the fastest growing investment bank of the bunch.
Overall M&A markets have been flush with activity in 2011, totaling $1.51 trillion in the first two quarters, a boost of nearly 25% since last year. Though JPM was the top earner, more companies looked to Goldman for counsel, as GS retained its spot as the top adviser in the global M&A dealings, brokering 181 transactions that generated revenues of $834 million.
Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>