JPMorgan keeps top spot in investment banking - study

LONDON Fri Mar 15, 2013 3:07am IST

1 of 2. The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012.

Credit: Reuters/Shannon Stapleton/Files

Related Topics

Stocks

   

LONDON (Reuters) - JPMorgan Chase(JPM.N) kept its top spot for investment banking revenues last year while Citigroup(C.N) and Barclays(BARC.L) made the biggest improvement compared with 2011, a study showed on Thursday.

Industry analytics firm Coalition said JPMorgan's investment banking revenues of $24.1 billion put it ahead of second-placed Goldman Sachs (GS.N) and a trio of banks shared third place - Bank of America Merrill Lynch (BAC.N), Citi and Deutsche Bank (DBKGn.DE). Barclays ranked sixth.

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

Investment banks have put more emphasis on league tables in recent years. Tougher regulation and slower markets have left banks jostling for market share and firms such as UBS (UBSN.VX) and RBS (RBS.L) exiting or shrinking unprofitable areas.

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

Goldman topped equities rankings with $5.6 billion of revenue. JPMorgan and Morgan Stanley (MS.N) tied for second place.

Advisory and origination was led by JPMorgan, with revenues of $5.2 billion, followed by BAML and Goldman, according to Coalition's estimates.

Coalition says its study is based on public information from banks' results and benchmarked to a common standard to produce a top 10 league table. (Reporting by Steve Slater; Editing by Dale Hudson)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Retaining talent, reviving company

REUTERS SHOWCASE

Modi's U.S. Trip

Modi's U.S. Trip

PM Modi to get rock star reception in New York.  Full Article 

Northeast Floods

Northeast Floods

Landslides and floods kill 22 in northeast India.  Full Article 

Food Subsidy

Food Subsidy

Ram Vilas Paswan says no plans to raise food handouts.  Full Article 

New Plants

New Plants

Canadian auto parts maker Magna to open two new plants in Gujarat.  Full Article 

Importing Iron Ore

Importing Iron Ore

JSW Steel to import 10 mln T of iron ore due to local shortage.  Full Article 

Breaking Up

Breaking Up

Philips to split off lighting business, form separate company.  Full Article 

End of Monsoon

End of Monsoon

Monsoon starts withdrawing from northwest region.  Full Article 

Border Row

Border Row

Chinese and Indian troops in Himalayan standoff.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage