JPMorgan Chase & Co. held onto its lead in global investment banking revenue in 2010, followed by Bank of America Corp. and Goldman Sachs Group Inc., according to preliminary yearend data released Tuesday by Dealogic.
JPMorgan Chase had $5.2 billion in investment banking revenue for the year, including fees from debt and equity underwriting, advisory and lending, as the deal markets returned to life following the credit crisis. B of A had investment banking revenue of $4.6 billion for the year, while Goldman had $4 billion. Morgan Stanley came in fourth, with revenue of $3.8 billion.
The U.S. banks were outplayed by foreign banks, however. Deutsche Bank AG had the biggest year-over-year increase on Wall Street, with a revenue gain of 27%, to $3.5 billion, according to Dealogic. That was enough to raise it to fifth place from seventh.
