Banks by avg deal size in 2025 (AI-powered rankings)

Using FactSet's league tables for global M&A (source below), excluding outlier boutiques with less than 50 deals. Told Claude to calculate it.

FINANCIAL ADVISORS RANKED BY AVERAGE DEAL SIZE (50+ TRANSACTIONS)

Rank | Financial Advisor              | Avg Deal ($M) | Total Value ($M) | Deals
-----|-------------------------------|---------------|------------------|------
1    | Wells Fargo & Co.             | $7,193.7      | $446,007.5       | 62
2    | Centerview Partners           | $4,532.7      | $475,935.4       | 105
3    | Citigroup                     | $3,663.0      | $604,497.0       | 165
4    | Morgan Stanley                | $3,407.1      | $981,251.3       | 288
5    | Evercore, Inc.                | $3,258.6      | $557,215.8       | 171
6    | JPMorgan Chase & Co           | $3,257.9      | $1,176,120.5     | 361
7    | Barclays Plc                  | $3,085.1      | $416,589.9       | 135
8    | Goldman Sachs & Co.           | $3,068.6      | $1,144,581.0     | 373
9    | BofA Securities               | $3,063.7      | $640,120.0       | 209
10   | BMO Capital Markets           | $1,839.3      | $128,750.4       | 70
11   | Deutsche Bank AG              | $1,734.0      | $190,738.0       | 110
12   | UBS Group AG                  | $1,640.1      | $295,214.2       | 180
13   | Moelis & Co.                  | $1,638.4      | $204,805.4       | 125
14   | RBC Capital Markets           | $1,533.0      | $196,220.3       | 128
15   | Guggenheim Capital LLC        | $1,341.0      | $95,221.0        | 71
16   | Lazard                        | $1,250.8      | $216,388.8       | 173
17   | Banco Santander SA            | $1,114.3      | $61,288.7        | 55
18   | Jefferies LLC                 | $1,089.5      | $235,340.8       | 216
19   | Toronto-Dominion Bank         | $1,054.4      | $82,244.7        | 78
20   | Mizuho Financial Group        | $1,036.6      | $112,987.8       | 109
21   | Nomura Securities Co.         | $1,027.5      | $87,340.7        | 85
22   | BNP Paribas SA                | $1,021.8      | $89,914.1        | 88
23   | Natixis SA                    | $614.1        | $43,597.9        | 71
24   | Rothschild & Co               | $405.8        | $148,520.9       | 366
25   | Stifel/KBW                    | $364.1        | $59,350.4        | 163
26   | Daiwa / DC Advisory           | $328.2        | $43,328.6        | 132
27   | KPMG International            | $209.7        | $78,623.9        | 375
28   | Houlihan Lokey, Inc.          | $165.9        | $54,262.2        | 327
29   | Ernst & Young Global          | $153.2        | $96,363.8        | 629
30   | PricewaterhouseCoopers        | $138.5        | $72,720.8        | 525

Source: