How Much In M&A Advisory Fees Did The 5 Largest U.S. Investment Banks Generate In 2016?
The 5 largest U.S investment banks reported $9.5 billion in M&A advisory fees in 2016 – just under 32% 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.
The chart below captures the total M&A advisory fees reported by the five largest U.S. investment banks since 2012. The green-to-red shading for figures along a row show the variations in these revenues for a particular bank over this period.
- Trailing S&P500 By 18% Since The Start Of 2023, What To Expect From Goldman Sachs Stock?
- Down 12% In The Last Twelve Months, Where Is Goldman Sachs Stock Headed?
- What To Expect From Goldman Sachs Stock?
- Goldman Sachs Stock Is Undervalued At The Current Levels
- Goldman Sachs To Edge Past the Consensus In Q1
- Goldman Sachs Stock Is Trading Below Its Intrinsic Value
The global M&A advisory business has seen a sizable improvement in revenues over the last five years, and the U.S. banks have made the most of their strong global presence to increase their wallet share from 27% in 2012 to 35% in 2015. Fee revenues for these banks fell slightly in 2016 as total M&A deal volumes normalized from the unusually high figure seen in 2015. Goldman remained the leader in the global M&A industry with the premier investment bank capturing roughly 10% of all advisory fees. Notably, Goldman has held on to the top spot in terms of total annual M&A fees each year since at least 2005.
See the links below for more information and analysis about the 5 largest U.S. investment banks:
- How Much of The Global M&A Industry Did The Largest U.S. Investment Banks Capture In Q4?
- How Have Total M&A Deals Closed By Major U.S. Investment Banks Trended In The Last 5 Quarters?
- How Much In Equity Underwriting Fees Did The 5 Largest U.S. Investment Banks Generate In 2016?
- How Much In Debt Origination Fees Did The 5 Largest U.S. Investment Banks Generate In 2016?
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
View Interactive Institutional Research (Powered by Trefis):
Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap
More Trefis Research