Revenues slip, but JPMorgan still number one

The Lion King

JPMorgan retained its crown as the top performing investment bank in 2014, although its revenues fell 6%, new data showed on Friday.

Reuters reports that JPMorgan reaped $22bn from investment banking in 2014, compared with $23.3bn in 2013, according to a ranking compiled by the industry analytics firm Coalition.

JPMorgan's trading in fixed income, currencies and commodities (FICC) divisions fared the worst, with revenue down 12.8% to $10.9bn, though it still led the field.

In equity business, Morgan Stanley beat JPMorgan to lead the ranking, with revenue of $5.9bn, 15.7% up on JPMorgan's revenue of $5.1bn in 2013, when it held the top spot.

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JPMorgan retains number one spot in investment banking but revenues slip

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