How Much In M&A Advisory Fees Did The 5 Largest U.S. Investment Banks Generate In Q2?

The 5 largest U.S investment banks generated more than $2.3 billion in M&A advisory fees in Q2 2016 – just under one-third of the total figure for the industry.

Total M&A advisory fees for the industry are taken from Thomson Reuters’ latest investment banking league tables. Figures for individual banks are as reported as a part of their Q2 2016 results.

Notably, this is a marked reduction in share from the nearly 42% these banks pocketed in Q1. While the total estimated M&A fees globally jumped 18% from $6 billion in the first quarter to $7.1 billion in the second quarter, the total fees for the U.S. banks declined – meaning that non-U.S. investment banks played important roles in many of the largest deals that closed in Q2. In fact, Goldman Sachs and Citigroup were the only U.S. investment banks to report an increase in these fees quarter-on-quarter. Goldman’s strong grip on the global M&A industry should be evident from the fact that the investment bank has pocketed the highest M&A advisory fees in every single quarter since Q1 2010 except for Q1 2011.

See the links below for more information and analysis about the 5 largest U.S. investment banks:

• How Have M&A Advisory Fees For The Largest U.S. Investment Banks Changed Over The Last 5 Quarters?
• How Much In M&A Advisory Fees Did The 5 Largest U.S. Investment Banks Generate In 2015?
• How Have M&A Advisory Fees For The 5 Largest U.S. Investment Banks Changed Since 2010?
• How Much In Equity Underwriting Fees Did The 5 Largest U.S. Investment Banks Generate In 2015?
• How Much In Debt Origination Fees Did The 5 Largest U.S. Investment Banks Generate In 2015?

See the full Trefis analysis for Goldman Sachs | JPMorgan | Morgan Stanley | Bank of America | Citigroup

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