The latest global investment bank league tables from Financial Times show new rankings with JP Morgan taking first place from Goldman Sachs. The league tables summarize investment banks’ deal values and fees over the past year to assess their competitiveness. For job seekers and companies looking to work with banks, the rankings indicate strengths in different regions and businesses. This provides valuable reference on industry landscape when preparing interviews or choosing targets.
JP Morgan tops league tables with $7.3 billion fees
According to the fee rankings, JP Morgan generated $7.3 billion in fees over last 12 months, exceeding Goldman Sachs’ $7 billion to claim first place. While both banks faced economic downturns in 2022, JP Morgan still achieved record revenue and performance across businesses. In contrast, Goldman Sachs suffered largest losses in decade amid job cuts and negative publicity, barely retaining second place due to its strength as industry leader.
Citigroup and Morgan Stanley slip in rankings
Apart from the top two giants, other top investment banks also saw fluctuations in rankings. Bank of America moved up two spots from #5 last year to #3 currently. Meanwhile, Citigroup and Morgan Stanley dropped slightly to #4 and #5 places. As M&A activities recover, Goldman Sachs and Morgan Stanley could advance given their advisory strengths. But JP Morgan will likely remain #1 given its unparalleled scale.
China makes surprise entrance into equity underwriting
While Goldman Sachs kept its M&A crown, China International Capital Corporation astonished by surpassing all bulge brackets in equity underwriting fees. CICC participated in 4 out of 2022’s top 10 IPOs. For students interested in equity capital markets, this highlights rising opportunities in China’s investment banks.
Rankings indicate regional strengths
The league tables also reveal top investment banks’ performance across different regions. For instance, Citigroup leads in Asia Pacific while JP Morgan dominates North America. Such geographical insights provide valuable reference for overseas students exploring inter-regional opportunities.
The latest global investment bank league tables and financial reports provide up-to-date landscape on banks’ competitiveness. Students preparing interviews or targeting specific banks can leverage the data to showcase their research and stand out.