Largest banks globally 2022, by revenue from investment banking

JPMorgan was the world's leading bank in terms of investment banking revenue as of November 2022. The bank generated an investment banking revenue of around 5.37 billion U.S. dollars up to that point. JPMorgan is also the largest bank in the United States by total assets, followed by Bank of America and Wells Fargo Bank.

Global investment banking is dominated by U.S. banks

All five of the top ranked investment banks are American multinational investment banking firms. The two leading investment banks worldwide with regards to revenue as of March 2022 included JPMorgan and Goldman Sachs. JP Morgan generated more revenue than Goldman Sachs, but both banks reported revenues exceeding 1.5 billion U.S. dollars. As of same time period, Bank of America and Morgan Stanley ranked third and fourth with revenues of approximately 1.5 and 1.3 billion U.S. dollars, respectively. These four banks had almost a third of the global investment banking market share in terms of revenue.

Investment banking fees

Not surprisingly, JPMorgan was also the leading investment bank by fees. Investment banking fees are the returns the banks take for providing its investment services, such as facilitating mergers and acquisitions. The largest investment banking fees in 2021 came from services provided within the financial sector.