We now know how Wall Street banks stack up in dealmaking, and it isn’t even close

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REUTERS/Dylan Martinez

The results are in, and, really, it isn’t even that close.

JPMorgan finished 2016 in a dominant position when it comes to Wall Street dealmaking revenue, according to figures from Dealogic.

The US bank earned the most in fees in global investment banking, US investment banking, and investment banking in Europe, the Middle East, and Africa.

It also finished the year top of the table for debt capital markets revenue, equity capital markets revenue, and syndicated loans revenue, according to figures from Dealogic.

It made more money than its rivals in seven of the 11 product areas and in eight of the 10 most important sectors.

Only Goldman Sachs offered much resistance. The US investment bank ranked top for mergers and acquisitions revenue, and it generated the most fees from clients in the industrials and consumer and retail industries.

Though 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 earned $5.9 billion in deal fees in 2016, more than $1 billion more than Goldman Sachs

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Dealogic

JPMorgan ranked top in just about every single product except for securitization and covered bonds, initial public offerings, and mergers and acquisitions

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Dealogic

It also ranked at the top in eight of the top 10 industry groups, ranking second in the remaining two

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Dealogic