Investment Banking fees - EMEA's hit low, Asia hits high, JPMorgan takes top global spot

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As we come to the end of November, Thomson Reuters looks at how investment banking fees so far this year compare to previous years. Highlights follow below:

• Global investment banking fees from completed M&A advisory, capital markets underwriting and syndicated lending total $73.7bn so far during 2016, 11% less than the value recorded during the same period in 2015 and the lowest year-to-date total since 2012.

• Fees earned in the Americas have fallen 17% year-to-date to $38.4bn. They account for 52% of global IB fees earned so far this year, a 5-year low.

• EMEA fees total $18bn so far this year, 12% less than at this time last year. EMEA fees account for 24% of this year’s global investment banking fee pool, the lowest year-to-date share since our records began in 2000. EMEA fee share hit an all-time year-to-date high in 2008 at 37%. 

• Fees earned in Asia total $17.3bn so far this year, up 5% from last year to the highest year-to-date total since our records began in 2000. China dominated with $8.8bn, up 29% from last year. Asia’s share of YTD global IB fees has increased from a low of 10% in 2001 to 23% so far this year.

• US Banks take the top 5 positions in the year-to-date global investment banking fee ranking. These top 5 banks saw their aggregate fee share fall from 44.3% in 2001 to a low of 28.3% in 2010. After reclaiming their fee share for three years to 2013, they saw their share decline to 28.6% year-to-date.

• JP Morgan takes the top spot for global investment banking fees earned so far during 2016 with $5.1bn, or a 6.9% share of the total fee pool.

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