LONDON 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)
Trending On Reuters
A Turkish Airlines flight from Bangkok made an emergency landing in New Delhi after a written bomb threat was found in a toilet on the Airbus A330 passenger jet carrying 134 passengers, the airline and Indian security sources said. Full Article
Insight - Car dashboards that act like smart phones raise safety issues Full Article