How Have Equity Underwriting Deals Closed By European Investment Banks Trended In The Last 5 Quarters?

August 18th, 2016 by Trefis Team
-19.05%
Downside
15.91
Market
12.88
Trefis
DB: Deutsche Bank logo
DB
Deutsche Bank

The four largest European investment banks saw their equity underwriting deal volumes swell by more than 100% quarter-on-quarter for Q2 2016, as conditions across global equity capital markets recovered from multi-year lows seen in Q1. Their gains were largely in line with the change in overall market size.

IB_QA_EU_ECMSizeChange_16Q2

Equity underwriting volumes for individual banks were taken from Thomson Reuters’ investment banking league tables for the last five quarters. The table below captures the respective market shares for each of these banks over this period. The green-to-yellow shading for figures in a quarter should help compare the relative standings of these 4 banking giants in a particular quarter.

Relevant Articles
  1. Up 18% in 2023, Where Is Deutsche Bank Stock Headed?
  2. What To Expect From Deutsche Bank Stock?
  3. What To Expect From Deutsche Bank Stock?
  4. Is Deutsche Bank Stock Fairly Priced?
  5. What To Expect From Deutsche Bank Stock?
  6. Where Is Deutsche Bank Stock Headed?

IB_QA_EU_ECMShareChange_16Q2

It should be noted that the largest equity capital market deals employ more than one investment bank, so the market share figures are not exclusive.

Notably, the market share for these 4 banks increased from 14% in Q1 2016 to more than 18% in Q2 2016 as market conditions in the EMEA (Europe, Middle East and Africa) region saw larger recovery in percentage terms compared to the U.S. While the U.S. equity underwriting deal size grew 22% year-on-year, the improvement was a much stronger 88% for EMEA. As the European banks are primarily focused in the EMEA region, this translated into a bigger market share for them.

See full Trefis analysis for Barclays | Credit Suisse | Deutsche Bank | UBS

View Interactive Institutional Research (Powered by Trefis):
Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap
More Trefis Research