Here’s how much the top Wall Street banks have earned in fees in 2016

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JPMorgan CEO Jamie Dimon. JPMorgan has pulled in more fees than any other investment bank this year.
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Reuters

JPMorgan is set to finish the year in a dominant position when it comes to Wall Street dealmaking revenues.

The US bank has earned the most in fees in global investment banking, US investment banking, debt capital markets, equity capital markets and syndicated loans, according to figures from Dealogic.

Only Goldman Sachs stands in the way of a clean sweep: the US investment bank sits atop the ranking for M&A revenues.

Global investment banking revenue stands at $70.5 billion, down 9% from the total for 2015.

These 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.


JPMorgan ranks first for overall investment banking revenues

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Dealogic

JPMorgan has a 8.1% market share and $5.7 billion in total revenues. It is followed by rival Goldman Sachs, with $4.7 billion and a 6.7% share. Bank of America is in third place, with $4.3 billion.

Global investment banking revenue stands at $70.5 billion, down 9% from the total for 2015.


JPMorgan is number one in the US

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Dealogic

The US investment banking league table almost exactly mirrors the global ranking, reflecting the importance of the US market.

The only difference is that Wells Fargo ranks eighth in the US, and ninth globally, while Deutsche Bank ranks eighth globally, and ninth in the US.


The US bank also ranks first for revenue in debt capital markets

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Dealogic

JPMorgan has made $1.4 billion in revenue in debt capital markets, giving it an 6.9% share. Bank of America is in second, with $1.4 billion in fees, and Citi raked in $1.2 million to place third.

DCM is the only market in 2016 to see an increase revenue, up 4% year‐on‐year to $20.8bn.


And in equity capital markets

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Dealogic

JPMorgan has a 7.8% share in equity capital markets, followed by Morgan Stanley and Goldman Sachs.

ECM revenues are down 27% from the total for 2015, and stand at $13.6 billion.


JPMorgan scored first place in syndicated loans, too

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Dealogic

JPMorgan ranks top for syndicated loan revenues, narrowly ahead of Bank of America Merrill Lynch, with just $50 million in fees separating the two.


Goldman Sachs is ahead in M&A revenues, though

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Dealogic

Goldman Sachs is well ahead of its rivals in M&A with $2.4 billion in revenues, versus JPMorgan’s $2 billion and Morgan Stanley’s $1.9 billion.

Global M&A revenues stand at $22.8 billion, down 6% from the level for 2015.