JPMorgan is leading the pack when it comes to Wall Street dealmaking 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. That is improvement on the first half, where revenues came in 16% lower than the previous years.
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 8.1% market share and $4.1 billion in total revenues for the year to September 26. It was followed by rival Goldman Sachs, with $3.4 billion and a 6.8% share. Bank of America was in third place, with $3.2 billion.
Global investment banking revenue was $50.7 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 $1.1 billion in revenue in debt capital markets, giving it an 6.9% share. Bank of America followed, with $1.1 billion in fees, and Citi raked in $923 million to place third.
Global DCM volumes hit the $5 trillion earlier this month, putting 2016 on track to beat the 2006 full year record high of $6.62 trillion.
And in equity capital markets
JPMorgan had a 8% share in equity capital markets, followed by Morgan Stanley and Goldman Sachs.
Global equity capital markets volumes, at $512.7 billion, was the lowest since 2012.
Goldman Sachs was the winner for M&A revenues
Goldman Sachs is well ahead of its rivals in M&A with $1.8 billion in revenues, versus JPMorgan’s $1.5 billion and Morgan Stanley’s $1.3 billion.
Global M&A stands $2.5 trillion, down 24% from the same period a year ago.
Bank of America Merrill Lynch scored first place in syndicated loans.
Bank of America Merrill Lynch pulled in $798 million for arranging syndicated loan deals, versus JPMorgan’s $745 million and Credit Suisse’s $548 million.