Americas M&A League Table Q2 Updated
1. Goldman Sachs & Co $667,079mm 114 deals
2. JP Morgan $384,284mm 116 deals
3. Morgan Stanley $322,075mm 89 deals
4. Wells Fargo & Co $240,944mm 28 deals
5. BofA Securities Inc $219,646mm 55 deals
6. Centerview Partners LLC $195,715mm 47 deals
7. Lazard $156,136mm 55 deals
8. Citi $122,067mm 49 deals
9. Evercore Inc $113,507mm 72 deals
10. TD Securities Inc $110,761mm 43 deals
11. Jefferies LLC $72,043mm 84 deals
12. RBC Capital Markets $71,636mm 36 deals
13. Barclays $58,663mm 40 deals
14. Moelis & Co $39,865mm 68 deals
15. PJT Partners Inc $38,699mm 29 deals
16. Qatalyst Partners $35,323mm 5 deals
17. BMO Capital Markets $23,953mm 38 deals
18. Allen & Co Inc $22,405mm 1 deal
19. Piper Sandler & Co $20,788mm 75 deals
20. Perella Weinberg Partners LP $20,759mm 23 deals
21. Santander Corp & Invest Bkg $19,882mm 15 deals
22. Guggenheim Securities LLC $19,770mm 25 deals
23. Rothschild & Co $19,146mm 27 deals
24. National Bank of Canada Fin'l $19,021mm 11 deals
25. Scotiabank $16,827mm 18 deals
26. Eastdil Secured LLC $16,722mm 3 deals
27. CIBC World Markets Inc $14,630mm 11 deals
28. Desjardins Capital Markets $13,788mm 4 deals
29. Robert W Baird & Co Inc $13,110mm 43 deals
30. Leerink Partners LLC $11,432mm 9 deals
31. UBS $11,147mm 20 deals
32. Houlihan Lokey $10,577mm 146 deals
33. Cohen & Co Inc $9,015mm 7 deals
34. Stifel/KBW $7,933mm 51 deals
35. Harris Williams & Co $7,915mm 30 deals
36. BNP Paribas SA $7,808mm 4 deals
37. Truist Financial Corp $7,277mm 12 deals
38. Mizuho Financial Group $6,400mm 10 deals
39. Fort Capital Corp $5,413mm 2 deals
40. Trinity Advisors Corp $5,070mm 1 deal
41. Canaccord Genuity Grp Inc $5,033mm 29 deals
42. Natixis $4,944mm 15 deals
43. ATB Financial $4,882mm 2 deals
44. Deutsche Bank $4,843mm 18 deals
45. Hall Chadwick $4,499mm 1 deal
46. SEB $4,401mm 1 deal
47. PEI Global Partners LLC $4,250mm 4 deals
48. Cantor Fitzgerald LP $4,111mm 9 deals
49. Lincoln International $3,861mm 49 deals
50. Origin Merchant Partners $3,856mm 5 deals
GS having almost 2x lead over JPM and MS is just nuts. Best IB platform and it is not even close
I thought UBS was going to be #6 in the Americas! Stop the count!
They would have to 17x their output to be #6
MV will take us to the promised land. Trust.
*Truist
UBS is ahead of Truist in the league tables you donut. They’re ahead of DB too. They’re top 10 in ECM league tables in Q1.
People on this website don’t have a clue and 90% of the people commenting have never spent a day in the industry. Stop slandering UBS (I’m sorry you couldn’t get a superday) and focus your efforts on breaking into a LMM boutique from Middle Tennessee State University. Spoiler alert, you ain’t breaking into shit.
I use to joke UBS was closer to 26 than 6. No longer can say that in the bullpen.
Outside top 30 is so embarrassing
OP What’s the source of this league table?
not op but its LSEG
LSEG now officially characterized as Fake News by UBS Hardos
Never realized that Barclays let all their worst bankers like Marco just go to UBS. Easier than firing and paying severance. Hindsight great move by Barclays
Looking for UBS in the latest league tables
Their pipeline has been great for 3 years, yet results haven’t materialized.
I don’t think their pipeline was ever great and they were are straight up lying to themselves
Don’t doubt the pipeline. My MD is projecting out a “gorillion dollars” in 2027 for our group. We might even pass Desjardins!
TD is paradise
think like 30% of their total is the gamestop deal bc this counts announced value
This ranking is fake. Dyal should be in the top 5.
Goldman taking everyone's lunch money
I never thought I would see Origin or Fort Capital on a top 50 like this.
Granted they’re not leading anything and they’re getting credit for fairness opinions, but wow. Hell of a mining market….
holy shit UBS and DB in shambles… europoors
Oh it’s so, so bad to be a top BB bank
TopBB bank? More like wannabe Medicare boutiques
Congrats on UBS!
DB should write a thank-you letter to UBS for taking all the hate.
DB is the real shitshow, UBS is internally doing just fine. UBS is in a better spot now actually because we’ve lost (or fired) all the idiots who bitch and moan all day
Not doing fine, o the brink of spinoff or rebuild next year. Book it!
WTF is Wells Fargo Cooking?
The WF shills are about to reach another level (rightfully so atp in fact I’m gonna join)
WF is paradise
Houlihan really is a true volume shop
140 deals is crazy, must be MM to LMM.
PJT and PWP really need to merge at this point.
PWP is really shitty lmao, EB my ass
And there's a thread out there genuinely telling people to choose it over BofA lmao
Congrats on BofA
I thought Lazard was washed
SB this comment if you HATE ubs
really suprised blair isnt on here, regardless of recent news
Why is WF so high?
Cuz I’m interning there
Son
Outside of top 10, those with avg deal size of $1B+ are:
RBC
Barcap
PJT
Q
Allen (n=1)
Santander
NBC
Eastdil
CIBC
Desjardins
Leerink
Cohen
BNPP
Fort (n=2)
Trinity (n=1)
ATB (n=2)
Hall Chadwick (n=1)
SEB (n=1)
PEI
And honorable mention to bottom 3 avg deal size on this list:
$HLI - $72
$LCLN - $79
$SF - $156
May juniors there get a big fat bonus
EVR doing well but I’m amazed they’re a good bit behind CVP and LAZ in the sense that one would expect EVR to do better considering its size and European expansion
Agreed they are lagging in Q2 vs where they would probably like to be, but they had an absolute monster Q1 - and this list doesn't count ROW M&A
I missed ROW which deal was this? And nevertheless considering evercores headcount does feel like they’re lagging behind
WF BB confirmed.
Wells Fargo is paradise confirmed
I would like to see this adjusted by headcount
The HL deal count is insane. Poor souls over there really slaving away at micro cap M&A
HL deal committee when they see a 20 mm ebitda sellside
kinda surprised by RBC's performance, esp the average deal size being almost $2B. expected it to be lower. Also, WF is doing so well
WF on a heater
BNP, Mizuho, DB giving all that balance sheet for no M&A fees
Allen & Co the real winner over here lol
I thought JP would be close to GS this time around but they've been outperforming everybody its crazy
At some cost though. Heard the GS IND MDs check the league tables monthly and if they're behind, juniors get cooked on a volume of workload that is just unreasonable. So much pressure from the top. When GS wasn't on SpaceX earlier this year, they swapped the co-head of IB leading the SpaceX relationship with someone else who could better pandy to Elon's conservative whims just to win lead-left. Crazy attrition at the junior level not only in IND but elsewhere are GS... not naming cities/coverage groups but no wonder two-thirds of the analyst class in a regional office quit/were pushed out
WTH going on at William Blair?
Wow DB at 44… what happened?
how come TD is so high up? Average deal size seems pretty insane for them
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