Here's how much money Wall Street banks have made advising on deals so far this year
John Moore/Getty Images
Wall Street banks care a lot about how they stack up against their rivals. At the top of their earnings statements, they tout where they placed in each line of business, and those rankings appear in just about every pitch book they hand out.
Global dealmaking revenue stands at $17.1 billion for the year to date, up from a weak first quarter of 2016.
US fees are up 19% at $8.8 billion, while fees in Europe, Middle East and Africa (-11%) and Asia Pacific (-8%) are down.
So far in 2017, it's the usual suspects at the top of the tables. Goldman Sachs has maintained its customary position at the top of the mergers and acquisitions league table, while JPMorgan ranks first for equity and debt capital markets.
Here's how the banks stack up:
Get the latest Goldman Sachs stock price here.
- Tesla tells some laid-off employees their separation agreements are canceled and new ones are on the way
- Taylor Swift's 'The Tortured Poets Department' is the messiest, horniest, and funniest album she's ever made
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital
- World Liver Day 2024: 10 Foods that are necessary for a healthy liver