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September 30, 2022
BUSINESS

JPMorgan’s investment bank ranked top in Q1

JPMorgan Chase & Co was again ranked the top investment bank by revenue in the first quarter with USD 5.9 billion, according to a new survey published on Wednesday, according to businesstimes.com. In a repeat of the previous year’s results, the US bank came ahead of rivals Goldman Sachs, Deutsche Bank, Bank of America Merrill Lynch and Citi, which all tied for second place, according to industry analytics firm Coalition. Morgan Stanley finished sixth, while Barclays and Credit Suisse came joint seventh. Coalition, which only gives revenue figures for the top-ranked bank in categories including equities and advisory, said that JPMorgan’s investment banking revenue in the first quarter fell by almost 15 per cent from USD 6.9 billion in the same period last year.

 

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