JP Morgan Maintains Top Spot for Investment Banking Fees

JP Morgan Maintains Top Spot for Investment Banking Fees

“Investment banking fees reached US$159.4 billion during full year 2021, posting a 22% increase compared to full year 2020 and the strongest annual period for global IB fees since records began in 2000.  Fees during the fourth quarter of 2021 totaled US$39.4 billion, on par with the third quarter of this year.  The Americas contributed 53% of all fees generated globally with US$84.7 billion, a 26% uptick compared to 2020 levels and the highest percentage since 2013. Imputed fees in the EMEA region increased 24% to US$35.4 billion during full year 2021, driven by year-over-year gains in the United Kingdom and France.  Powered by a 10% increase in North Asia, total IB fees in Asia-Pacific and Japan hit US$39.3 billion with a 12% uptick compared to 2020,” comments, Matt Toole, Director, Deals Intelligence, Refinitiv

Refinitiv Deals Intelligence full year 2021 reports analyze global Investment Banking, M&A, Capital Markets, Syndicated Loans and Municipals activity along with a special supplemental overview of the SPAC market.

  • Global Investment Banking Review (view report here)
    • Global Investment Banking Fees Set Full Year Record
    • Record Fees Across All Investment Banking Products
    • Top Three Banks Increase Collective Wallet Share by 2.2 Points
  • M&A Financial Advisory Review
    • Global M&A (view report here)
      • Worldwide Deal Making Reaches US$5.9 Trillion Besting Full Year Record
      • Private Equity Backed M&A Hits All-Time High; SPACs Account For 10% of Value
      • Deals Between US$1-US$5 Billion Double; Mega Deals Up 30%
    • Emerging Markets M&A (view report here)
      • Emerging Markets Deal Making Up 39% to All-Time High
      • China, India & Brazil Drive 55% of Emerging Market M&A
      • Mega Deals Account for 18% of Announced Emerging Markets Value
  • Global Equity Capital Markets Review (view report here)
    • Global ECM Activity Up 19%; Breaks All-Time Record
    • Global IPO’s Top $400 Billion For Record Full Year Record
    • Over 4,600 Secondary Offerings Come To Market; All-Time Record
    • Supplemental overview into the SPAC​ Market for the full year 2021
  • Global Debt Capital Markets Review (view report here)
    • Global Debt Capital Markets Activity Down 3% To US$10.2 Trillion
    • Investment Grade Corporate Debt Issuance Falls 6%
    • Global High Yield Debt Pushes Past $600 Billion for All-Time Record
  • Global Syndicated Loans Review (view report here)
    • Global Syndicated Lending Up 49% to All-Time High
    • Acquisition-Related Financing Up 70% to Three-Year High
    • Real Estate, Consumer and Healthcare Lead Advancing Industries
  • U.S. Municipals Public Finance Review (view report here)
    • Municipal Bond Issuance Up 1% to All-Time High
    • Taxable Municipal Bonds Decline 18% From 2020 Levels
    • New Money Offerings Hit All-Time High; Refundings Fall 23%

Source: Refinitiv Deals Intelligence

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