Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

JPMorgan keeps top spot in investment banking -study

Thu, 14th Mar 2013 10:37

LONDON, March 14 (Reuters) - JPMorgan Chase kept itstop spot for investment banking revenues last year whileCitigroup and Barclays showed the biggestimprovement compared with 2011, a study showed on Thursday.

Industry analytics firm Coalition said JPMorgan's investmentbanking revenues of $24.1 billion put it ahead of second-placedGoldman Sachs and a trio of banks shared third place -Bank of America Merrill Lynch, Citi and Deutsche Bank. Barclays ranked sixth.

Coalition last month estimated 2012 revenues for theinvestment banks in its study were $159 billion, up 10 percentfrom the year before, led by a 21 percent jump in the core areaof fixed income, currencies and commodities (FICC).

Investment banks have put more emphasis on league tables inrecent years as tougher regulation and slower markets have leftbanks jostling for market share and firms like UBS andRBS exiting or shrinking unprofitable areas.

Coalition said JPMorgan was the top bank in FICC withrevenues of $14.4 billion, followed by Citi and Deutsche Bank.

Goldman topped equities rankings with $5.6 billion ofrevenue, followed by JPMorgan and Morgan Stanley.

Advisory and origination was led by JPMorgan, with revenuesof $5.2 billion, followed by BAML and Goldman, according toCoalition's estimates.

Coalition says its study is based on public information frombanks' results and benchmarked to a common standard to produce atop 10 league table.

Related Shares

More News
31 May 2024 08:34

UK competition watchdog probes Nationwide-Virgin Money deal

May 31 (Reuters) - Britain's competition regulator said on Friday it had started a probe into Nationwide Building Society's proposed 2.9 billion pou...

24 May 2024 16:45

Danske Bank and Barclays chop ECB rate cut forecasts

LONDON, May 24 (Reuters) - Danske Bank said on Friday it expects the European Central Bank only to cut interest rates twice this year, not three tim...

24 May 2024 08:52

TOP NEWS: Coventry Building Society buys Co-Op Bank for GBP780 million

(Alliance News) - Coventry Building Society on Friday said it has agreed to buy Co-operative Bank Holdings PLC for GBP780 million in cash, in the late...

21 May 2024 10:47

UK Libor trader Hayes given route to appeal rate-rigging conviction at Supreme Court

LONDON, May 21 (Reuters) - Tom Hayes, the first trader jailed worldwide for interest rate rigging, was on Tuesday refused permission to appeal again...

21 May 2024 10:00

LONDON BROKER RATINGS: UBS lifts Schroders; Barclays likes Wise

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.