BB Regime Change?

So Historically, we all know it has been: 1. GS, 2. MS, 3. JPM, 4. BOFA, 5. Citi, 6. CS, 7. Barclays / UBS, 9. DB

However, clearly, there has been an interesting shift in dynamics since then...

Trivial to just omit CS and take the PF rankings, but honestly i think the shift has been more significant since CS' fall.

Speaking specifically for M&A / Coverage, how do you think the general rankings will change?

IMO, since 2023, and likely for the next 10 years: 1. GS, 2. MS/JPM, 3. Citi, 4. BOFA, 5. Barclays, 6. DB, 7. UBS, 

Discussion Intended for both EMEA and the US. Scope does not include EB's, which always turns out to be a messy conversation when conflating these two regions. Why? Well, in the US, select EB's are >= the top 3 BB's. In EMEA, the top 3 BB's are >>>> All EB's. Then you also have group by group comparisons compared to an EB's generalist program or even RX, which makes even EB vs BB discussions in the same region painfully annoying semantic battles. So you can see why the grounds for that discussion is fertile for tangential, miscommunicated, waffle.

Note: I don't intend to start this discussion for any reason other than for fun and due to interest in how quickly things change in this industry. Measly rankings (even if widely accepted in everyones mind's), really do not mean much in the bigger scheme of things, i am aware of that.

2 Comments
 

If you really want the market's "regime" perception, just look at M&A fees per deal

 
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