Goldman Pockets More Than 9% Of Global M&A Advisory Fees Over Slow Q1
The 5 largest U.S investment banks generated more than $2.4 billion in M&A advisory fees in Q1 2017 – just under 30% of the total figure for the industry.
While the total advisory fees for the quarter are nearly identical to the figure for the previous quarter, it is slightly below the $2.5 billion figure reported a year ago – something that can be attributed to better M&A activity levels a year ago. That said, the wallet share of these five banks increased from 28% in the last two quarters to almost 30% now. The table details the trend in M&A advisory fees for each of these banks in the last five quarters. The green-to-yellow shading along a column highlights the relative performance of each bank in any given quarter.
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Total M&A advisory fees for the industry are taken from Thomson Reuters’ latest investment banking league tables. Figures for individual banks are reported as a part of their quarterly results.
Goldman routinely captures the largest share of the global M&A industry – something that has helped the bank report much higher fee revenues than its peers in nearly every single quarter over the years. Goldman’s average M&A advisory fee figure for the last 9 quarters has been almost $800 million, while the average figure for Morgan Stanley and JPMorgan has been around $530 million. In fact, Goldman has reported more M&A advisory fees than any other investment bank in the world in all but one of the last 30 quarters (JPMorgan and Morgan Stanley did better in Q1 2011 to push it to the #3 spot). The investment bank achieves this primarily due to its involvement in key roles for many of the largest deals that close over a period.
See the links below for more information and analysis about the 5 largest U.S. investment banks:
- Bank of America Closed Most M&A Deals In Q1 Despite Sluggish Industry Conditions
- How Much In M&A Advisory Fees Did The 5 Largest U.S. Investment Banks Generate In 2016?
- 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?
- How Much In Total Advisory & Underwriting Fees Did The 5 Largest U.S. Banks Earn In 2016?
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