JP Morgan Maintains Leadership in Dealmaking Despite Banking Fees Plummeting by $13bn

In an ongoing period of limited dealmaking, banking fees have taken a significant hit, dropping by 21% compared to the previous year.

According to data provider Dealogic, JPMorgan captured 8.6% of the global dealmaking fee pool in the first three quarters of 2023, up from 7.8% during the same period last year.

Goldman Sachs, in second place, accounted for 7% of investment banking revenue, a slight decrease from 7.3% in the first nine months of 2022.