Below is a list of the top 10 investment banks and best investment banks in the world. JPMorgan is the world’s largest investment bank by global investment banking fees.
1. JPMorgan Chase & Co. is a global financial services firm and the largest bank in the United States by total assets. It provides investment banking, treasury and securities services, asset management, private banking, commercial banking, and financial services for consumers. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. The firm is one of the world's leading global investment banks, with one of the most extensive client bases in more than 60 countries. The Corporate & Investment Bank is #1 in Global Investment Banking Fees ($6.35 billion, 2013), #1 Fixed Income Market revenue share of top 10 investment banks, #1 in Global Loan Syndications, #1 in U.S. announced M&A and #2 in Global announced M&A.
2. Bank of America Merrill Lynch (BAML) is the corporate and investment banking arm of Bank of America Corporation. BAML is one of the leading providers of wealth management, securities trading and sales, corporate finance and investment banking services. Bank of America Merrill Lynch was ranked No.2 globally in net investment banking fees and No.1 in investment banking fees in the Americas in 2013.
3. Goldman Sachs is a global investment banking, securities and investment management firm. The Company provides a wide range of services to corporations, financial institutions, governments, and high-net worth individuals. It operates in the following four business segments: Investment Banking, Institutional Client Services, Investing & Lending and Investment Management. The Investment Banking Division is at the front end of Goldman Sachs’ client franchise. Investment Banking generated net revenues of $6.0 billion in 2013. The Company’s market capitalization was $77 billion as of June 30, 2014. The firm is headquartered in New York and maintains offices in all major financial centers around the world.
4. Morgan Stanley is a global financial services company that provides its products and services to corporations, governments, institutions and individuals worldwide. The firm operates in the three business segments: Institutional Securities, Investment Management and Wealth Management. The Investment Management segment generates investment banking revenues primarily from the placement of investments in real estate and merchant banking funds. Investment Management reported net revenues of $740 million with assets under management of $382 billion in the first quarter of 2014. The company is headquartered in New York and has its principal offices in London, Tokyo, Hong Kong and other world financial centers.
5. Citigroup is a global diversified financial services holding company with over 200 million customer accounts in 160 countries. Citi's Institutional Clients Group (ICG) provides investment and corporate banking products and services to corporations, governments, financial institutions, and high-net-worth individuals. It is organized into five groups: Capital Markets Origination, Corporate and Investment Banking, Markets and Securities Services, Treasury and Trade Solutions and the Citi Private Bank. ICG reported commissions and fees of $4.5 billion and assets under custody of $14.3 trillion in 2013.
6. Deutsche Bank is one the largest bank in Europe by total assets. It was named Best Investment Bank in Western Europe by Global Finance and Euromoney magazine in 2013. Deutsche Bank includes five corporate divisions: Corporate Banking & Securities (CB&S), Global Transaction Banking, Deutsche Asset & Wealth Management, Private & Business Clients and the Non-Core Operations Unit. Corporate Banking & Securities (CB&S) is one of the world’s leading investment banks and fixed income powerhouses. Greenwich Associates ranked Deutsche Bank’s global fixed income business first place based on market share.
7. Credit Suisse Group is one of the most prestigious investment banks and is one of the largest wealth management firm in the world with total assets under management of CHF 1.293 trillion (3/2014). It operates through two global divisions: Private Banking & Wealth Management and Investment Banking. The Investment Banking division provides securities products and financial advisory services to corporations, governments, institutional investors and high-net-worth individuals. It offers debt and equity underwriting, mergers and acquisitions (M&A), sales and trading, divestitures, prime brokerage, capital raising, investment research and other services. As of June 30, 2014, Credit Suisse had a market cap of $52.6 billion.
8. Barclays Capital is an investment bank division of Barclays plc. It provides financial advisory, capital raising, financing and risk management services to corporations, governments and financial institutions around the world. In 2013, Barclays was named the best Flow House in Western Europe, the Best Flow House in North America and the best UK investment Bank by Euromoney magazine. Barclays Investment Bank reported total income of £10.733 billion in 2013.
9. Wells Fargo is the largest bank in world by market capitalization and is ranked No. 1, 2 or 3 in the U.S. for most of its products and services. The company has four major business groups: Community Banking, Wealth, Brokerage and Retirement, Consumer Lending and Wholesale Banking. Wells Fargo was ranked as the largest corporate donor in the U.S., based on 2012 donations. Investment banking fees increased to $1.746 billion in 2013, from $1.286 billion in 2012 and $965 million in 2011.
10. RBC Capital Markets is the investment banking division of Royal Bank of Canada. It is the Best Investment Bank in Canada according to Global Finance and one of the top 10 investment banks globally with 70 offices in 15 countries. RBC Capital Markets ranked No.1 in Canada Investment Banking Net Revenue League Table for 2013 according to Dealogic and No.10 in Global Investment Banking Fee League Table for 2013 by Thomson Reuters.
The Top Investment Banks by volume of M&A deals
Following are the top investment banks in the world ranked by the value of managed M&A deals. Goldman Sachs is the largest investment bank by volume of M&A deals. In 2012, mergers and acquisitions managed by Goldman Sachs were worth of approximately US$560 billion.
|Rank||Company||Value (US$bn, 2012)|
|3||JP Morgan Chase||470.44|
|8||Bank of America Merrill Lynch||314.74|
Source: Financial Times, Bloomberg