League tables suggest Citi & Barclays are doing well (ranked 4th and 5th respectively, YTD 2025), with avg deal value >$2 billion. Citi especially with avg deal value of $2.5 billion in 2024, rising more in 2025.
UBS seem to be struggling with avg deal value $1.3 billion in 2024, falling more YTD 2025. JPM ranking surprisingly low in Europe so far this year too.
Thoughts?
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