Investment banking – additional information
The two leading investment banks worldwide with regards to revenue as of December 2017 included JP Morgan and Goldman Sachs. JP Morgan generated more revenue than Goldman Sachs, but both banks reported revenues exceeding 5 billion U.S. dollars. As of same time period, Bank of America Merrill Lynch and Morgan Stanley ranked third and fourth with revenues of approximately 5 billion U.S. dollars and 4.74 billion U.S. dollars respectively.
All four of the top ranking investment banks are American multinational investment banking firms. These four banks had almost thirty percent of the global investment banking market share in terms of revenue as of July 2017. This makes sense considering that close to fifty percent of the value of investment banking fees in 2015 came from the Americas.
The largest share of revenue for most of the top revenue generating firms comes from debt capital markets and loans. Goldman Sachs and Morgan Stanley are exceptions as these banks generated the most money from mergers and acquisitions as of January 2017.