NEW YORK The combined J.P. Morgan Chase & Co. held the lead in the fourth-quarter and the full-year rankings of U.S. syndicated lenders, according to Thomson Financial Securities Data.
Morgan-Chase had 31.2% of the market for U.S. syndicated loans in the fourth quarter, with 141 deals. Banc of America Securities was second, with 15.9% market share and 206 deals, while Salomon Smith Barney was third, with 13.4% market share and 77 deals.
Goldman Sachs jumped the most in the fourth quarter. It was ranked sixth, with 4% market share and 9 deals. In last years fourth quarter, Goldman ranked 31st with just 2 deals.
The data show the market slowed in the fourth quarter compared to last year. A total of 691 deals were completed, 20% fewer than last year.
For the full year 2000 Morgan-Chase ranked first, with 34% market share and 609 deals. Banc of America ranked second, with 21.7% market share and 900 deals. Societe Generale climbed the most in the table, up to 10th from 30th last year, with 1.2% market share and 29 deals.
J.P. Morgan and Chase were scheduled to close their merger over the New Years holiday weekend.