How Much In Equity Underwriting Fees Did The 5 Largest U.S. Investment Banks Generate In Q2 2016?

+2.69%
Upside
186
Market
191
Trefis
JPM: JP Morgan Chase logo
JPM
JP Morgan Chase

The 5 largest U.S investment banks roped in more than $1.2 billion in equity underwriting fees in Q2 2016 – almost one-third of the total figure for the industry.

IB_QA_US_ECMFees_16Q2

Total equity underwriting fees for the industry are taken from Thomson Reuters’ latest investment banking league tables.

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Notably, this is a reduction in share for the U.S. banks from the nearly 36% these banks pocketed in Q1. While the total estimated equity underwriting fees globally jumped 57% from $2.4 billion in the first quarter to $3.8 billion in the second quarter, the total fees for the U.S. banks increased about 44% quarter-on-quarter. This would indicate that these U.S. investment banking giants lost out on some of the largest deals in Q2. That said, each of these five banks reported a healthy increase in these revenues from the unusually low figure for the previous quarter. You can see how changes to JPMorgan’s equity underwriting fees affects our estimates for the diversified banking giant by making changes to the chart below.

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

See full Trefis analysis for Goldman SachsJPMorganMorgan StanleyBank of America | Citigroup

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