Chicago is an important global financial center and home to major investment banks. In 2020, top investment banks like Goldman Sachs, JP Morgan, Bank of America Merrill Lynch have large presence in Chicago with thousands of professionals. They offer various investment banking services including M&A advisory, equity underwriting, debt issuance and syndicated loans. Their trading floors facilitate large IPOs and block trades. Chicago investment banks focus on industries like industrials, consumer, healthcare and technology.
Goldman Sachs leads in M&A advisory with largest team
According to market analysis, Goldman Sachs has the No.1 M&A advisory team and market share in Chicago. Its 350+ bankers advise on high-profile mergers, acquisitions and corporate restructuring for clients across industries. The team has extensive experience in executing deals worth billions of dollars.
JP Morgan tops Chicago investment banking league table
JP Morgan Chicago provides capital markets, M&A and risk management solutions for midwest clients. With strong trading capabilities, JP Morgan has led Chicago IB league table by deal volume for 5 consecutive years since 2015. It has high industry coverage in manufacturing, healthcare, consumer and FIG.
Bank of America’s large debt capital markets presence
As one of the largest investment banks globally, Bank of America Merrill Lynch(BofAML) has major presence in Chicago. Its Global Corporate & Investment Banking division provides strategic advisory, capital raising, risk management solutions to corporations, institutions and governments. BofAML Chicago is particularly strong in DCM and syndicated lending.
In 2020, Goldman Sachs, JP Morgan and Bank of America are the top investment banks in Chicago by investment banking fee pool and league table rankings. They provide full-suite IB services and dominate deal flows in the midwest region.