Goldman was able to reclaim the top spot thanks to its position as the industry’s leading M&A advisor as the number of companies raising money on UK stock exchanges fell.
Due to a 42% decline in revenue in the largest investment banking market in Europe, Goldman Sachs has surpassed JPMorgan in the UK dealmaking fee tables.
According to data provider Dealogic, the two Wall Street banks have been competing for the top spot in the City for the past ten years, but Goldman Sachs emerged victorious in 2022 with a 9.5% share of the UK fee pool as capital markets activity dropped off the previous year.
According to the data, Goldman made $368 million in the UK last year, down from $640 million in 2021. According to Dealogic, JPMorgan’s fees decreased from
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