- According to the FT, in the three-year period ending on Dec. 31, 2016, Goldman Sachs (NYSE:GS) had an M&A advisory market share of 21.8%, with nearly $2B in fee revenue.
- Second place was Morgan Stanley (NYSE:MS) at a 14.1% market share and $1.27B; third place was JPMorgan (NYSE:JPM) with 10.4% and $940M.
- Also in the top 10 were #5 Bank of America (NYSE:BAC) at 6.7% and $606M, #7 Citigroup (NYSE:C) at 5.4% and $482M, #8 Barclays (NYSE:BCS) at 3.3% and $300M, #9 Evercore (NYSE:EVR) at 3% and $271M, and #10 Lazard (NYSE:LAZ) at 2.7% and $240M.
- The FT analysis is of particular interest as most league tables rank advisers based on deal size rather than fees.
- Besides the dominance of Goldman (and Morgan Stanley and JPMorgan, to an extent), a notable takeaway is that Citigroup and BofA remain far behind their peers in this area, and shops like Credit Suisse (NYSE:CS), UBS (NYSE:UBS), and Deutsche Bank (NYSE:DB) can't even crack the top 10.
- Now read: Bank Of America: What's The Next Catalyst?
Original article