ReutersJPMorgan CEO Jamie Dimon. JPMorgan has pulled in more fees than any other investment bank this year.It has been a miserable start to the year for Wall Street dealmakers.
Revenues from equity and debt deals and mergers and acquisitions have fallen off a cliff.
Industry-wide global investment banking revenue is down 36% from the first quarter of last year. Revenues are down in pretty much every single business line.
And JPMorgan has taken home the biggest chunk of a shrinking pie, according to Dealogic’s preliminary league tables for the first quarter.
League tables are a contentious subject on Wall Street.
Banks use them when pitching for new business, and a good ranking means serious bragging rights. But the league table-data can also be sliced up to make a bank’s performance look better (by narrowing the field very narrowly, for example).
Though they’re based on estimates, these tables are the broadest possible and a closely-watched indicator of who is up and who is down.
Here’s how the banks stacked up this time around.