Market share of revenue of leading global investment banks 2023

JPMorgan was the leading investment bank globally as of July 2023 in terms of market share of revenue. Between January and July 2023, the revenue of JPMorgan accounted for 8.5 percent of the global investment banking revenue. Goldman Sachs followed, with a market share of 6.7 percent.

What is the role of investment banks

The main role of an investment bank is to assist companies, governments and other market participants in raising capital. The banks take the role of a transaction underwriter, making sure that the emission of bonds or stocks is executed optimally on both buying and selling side. It means that the prices of emitted securities are not too high or too low and that there are enough investors interested in purchase of these securities. Investment banking activity also includes assistance in merger and acquisition transactions.

The largest investment banks

JPMorgan Chase and Goldman Sachs were the top leading investment banks in the world in terms of generated revenues. Other leading investment banks were Morgan Stanley, Bank of America, and Citibank. JPMorgan generated revenue of roughly three billion U.S. dollars in the first half of 2023.