JP Morgan tops IB fees for eighth year

摘要

JP Morcan kept its top spot for investment banking fees for the eighth year in a row in 2016, grabbing market share at the expense of rivals including Goldman Sachs, Bank of America Merrill Lynch and Deutsche Bank. New York-based JP Morgan took in US$5.8bn in fees from completed M&A advisory, capital markets underwriting and syndicated lending last year, down 5% from 2015, according to Thomson Reuters data. Its market share rose to 6.8% in 2016 from 6.6%, widening its gap over nearest rival Goldman Sachs, whose revenues fell 15% to US$5.1bn, representing a market share of 6%.