How Have Debt Origination Fees For The 5 Largest U.S. Investment Banks Changed Since 2010?
Debt origination fees for the five largest U.S. banks fell from around $13.7 billion in 2013-2014 to $12.4 billion in 2015 due to a marked reduction in activity levels across global debt capital markets. While these fees have been volatile over the years, an overall upward trend is discernible.
($ billion) | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
JPMorgan | 3.13 | 2.89 | 3.25 | 3.52 | 3.37 | 3.17 |
Bank of America | 3.27 | 2.89 | 3.36 | 3.81 | 3.58 | 3.03 |
Citigroup | 2.17 | 1.95 | 2.32 | 2.18 | 2.51 | 2.54 |
Goldman Sachs | 1.25 | 1.28 | 1.96 | 2.37 | 2.24 | 2.01 |
Morgan Stanley | 1.37 | 1.36 | 1.67 | 1.81 | 1.96 | 1.64 |
Total | 11.18 | 10.37 | 12.57 | 13.67 | 13.66 | 12.40 |
See the links below for more information and analysis about the 5 largest U.S. investment banks:
- How Much In M&A Advisory Fees Did The 5 Largest U.S. Investment Banks Generate In 2015?
- 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?
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment/ ask questions on the comment section
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to the full Trefis analysis for Goldman Sachs | JPMorgan | Morgan Stanley | Bank of America | Citigroup
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