The most successful investment bank of 2014 was...

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At least in terms of fees.

Top 25 league table below.

Global Investment Banking Fees Total US$90.1 billion; Strongest Full Year for IB Fees since 2007; Asia Pacific IB Fees Up 30%

Fees for global Investment Banking services, from M&A advisory to capital markets underwriting, totaled US$90.1 billion during full year 2014, a 7% increase over last year at this time and the strongest annual period for fees since 2007 (US$104.2 billion). Fees in Asia Pacific totaled US$11.9 billion, an 18% increase from 2013 while fees in the Europe increased 15% and Americas fees increased 3%. Fees in Africa/Middle East increased 9% compared to a year ago, while fees in Japan fell 11% compared to 2013 levels.

Fourth Quarter IB Fees Fall 2% Weighed Down by 12% Decline for EMEA Fees, Slowest Quarter since Third Quarter 2013

Investment Banking fees totaled US$20.7 billion during the fourth quarter of 2014, a 2% decline compared to the previous quarter and the slowest quarter for IB fees since the third quarter of 2013. EMEA IB fees totaled US$5.0 billion during the fourth quarter of 2014, a 12% decrease compared to the previous quarter. Fees from the Americas registered a 4% increase compared to the third quarter of this year, while Asia Pacific fell 10% and Japan fees increased 6%.

JP Morgan Takes Top Spot for Global Investment Banking Fees; Morgan Stanley, Citi and Deutsche Bank Pick Up Combined 0.5 Share Points

JP Morgan topped the global investment banking league table during full year 2014 with US$6.3 billion in fees, or 7.0% of overall wallet- share. Bank of America Merrill Lynch booked US$5.6 billion in fees during full year 2014 for second place despite a decrease of 0.8 wallet-share points. The composition of the top ten banks remained nearly unchanged, with just UBS moving into the top ten. Within the top 10, Morgan Stanley, Deutsche Bank and Citi saw increased share compared to a year ago, while seven of the top firms lost a combined 2.0 wallet-share points.

Healthcare IB Fees Register 48% Increase; Double-digit Percentage Gains for Retail, Consumer Products and Energy

Investment banking activity in the financials, energy & power and industrials sectors accounted for 51% of the global fee pool during full year 2014. JP Morgan topped the fee rankings in six sectors during the year, with double-digit wallet-share in the healthcare sector. Bank of America Merrill Lynch registered an industry-leading position in three industry categories, including 9.3% wallet-share in the retail sector. Fees from deal making in the healthcare sector increased 48% compared to a year ago while retail, consumer products, energy & power and technology fees posted double-digit percentage gains.

IPOs Push Equity Capital Markets Fees Up 15%; Debt Capital Markets Fees Up 1%, while M&A Rises 13%

Driven by a 25% increase in fees from IPOs, equity capital markets underwriting fees totaled US$23.5 billion during full year 2014, up 15% from a year ago. Fees from debt capital markets underwriting totaled US$23.4 billion, up 1% compared to last year's tally and accounted for 26% of overall IB fees during full year 2014. M&A advisory fees totaled US$23.0 billion during full year 2014, an increase of 13% over the same period last year, and accounted for 26% of the global fee pool, while fees from syndicated loans decreased 1% compared to full year 2013.

Investment Banking Top Banks 2014: Thomson Reuters

Source: Thomson Reuters

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