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:
  • Most Popular
  • Most Shared

Insight

REUTERS SHOWCASE

Border Talks

Border Talks

India names Ajit Doval as special envoy for China border talks.  Full Article 

WTO Deal

WTO Deal

U.S. seeks to step up India trade talks  Full Article 

Phone Masts

Phone Masts

American Tower to buy Bharti Nigeria phone masts for $1.1 billion  Full Article 

Infrastructure Plan

Infrastructure Plan

India targets private cash to build railways to its ports.  Full Article 

Shadow Banking

Shadow Banking

Reserve Bank planning more measures for NBFCs.  Full Article 

Auto Sector

Auto Sector

Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets  Full Article 

Oil Prices

Oil Prices

Some fund managers see oil falling to $60 without OPEC cut.  Full Article 

Project Shelved

Project Shelved

Jindal Steel shelves $10 bln project after coal setback.  Full Article 

Market Eye

Market Eye

Sensex, Nifty rise to record after China, ECB stimulus boosts risk appetite.  Full Article 

Reuters India Mobile

Reuters India Mobile

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