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OP here. Agree and can definitely see how BBs with strong balance sheets like JPM are leading the industry

 
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This is a very subjective question. Banks vary a lot. E.g one bank’s DCM team might be very strong in structured products but maybe not so strong in sustainable bonds or munis. Each bank also has a different support structure in place e.g. maybe the syndicate and DCM team is very strong but the bank’s underwriting, legal or coverage banking team isn’t as strong.  There are also different cultures and leadership teams in place. So you could end up working at a bank which has very high deal volumes but in practice isn’t that great a place to work.

However, it’s obviously a competitive industry so league tables do exist that attempt to rank banks. There are global, regional and product specific league tables and also a variety of providers. The league tables are updated throughout the year, as deals are executed, fees collected etc.

Looking a global / general one today, this is the top 10:

  1. JP Morgan
  2. Bank of America
  3. Citi
  4. Goldman Sachs
  5. Barclays
  6. BNP Paribas
  7. Morgan Stanley
  8. CITIC
  9. HSBC
  10. Deutsche Bank

There are also industry awards like the IFRs that recognise things like “best deal” etc.

 

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