Deals Intelligence Overview

Introduction

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Deal Making Intelligence - Deals Intelligence

SLOWEST FIRST QUARTER FOR IB FEES SINCE 2009

Fees for global Investment Banking services, from M&A advisory to capital markets underwriting, totaled US$16.2 billion during the first quarter of 2016, a 29% decrease over last year at this time and the slowest first quarter for fees since 2009. Fees in the Americas totaled US$8.7 billion, down 32% compared to the first quarter of 2015 while fees in Europe decreased 27% and Asia Pacific fees decreased 18%. Fees in Japan decreased 24% compared to a year ago, while fees in Middle East/Africa decreased 31% compared to first quarter 2015 levels.

JP Morgan topped the global investment banking league table during the first quarter of 2016 with US$1.22 billion in fees, or 7.5% of overall wallet-share. Bank of America Merrill Lynch booked US$1.09 billion in fees during the first quarter of 2016 for second place and an increase of 0.8 wallet-share points, while Goldman Sachs fell from first place a year ago to third. The composition of the top ten banks remained unchanged, with six firms moving rank position compared to a year ago. Within the top 10, Goldman Sachs and Deutsche Bank saw the steepest wallet share declines with losses of 1.0 and 0.9 wallet share points, respectively.