Worked with BofA bankers on multiple large-cap M&A in the past few years. Seems to me that BofA has solidified itself as the 4th best investment bank on the street while being a top 3 contender in various industries. What do you guys think will BofA become in the next decade? Will it be considered as a top BB if the momentum continues
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Look at wsj league tables. BofA is a little bit above Barclays and Citi and a clear step behind MS/JPM/GS. I think it’s safe to say the mid-tier classification of BofA/Barclays/Citi will stick around for a little while.
(here’s the link: http://graphics.wsj.com/investment-banking-scorecard/)
Just take a look at the Dealogic investment banking revenue league table, which is what we normally use. BofA roughly same as MS but lower than GS JP.
Don't understand how BofA and Barclays are seen as even remotely similar. In my mind, they are miles apart in terms of brand value, and BofA consistently outperforms Barclays in league tables, especially prior to 2021.
BofA is much bigger in size, and thus higher on league tables. Barclays is arguably a better place as an analyst and generally more prestigious.
Found the Barclays analyst
Just take a look at the Dealogic investment banking revenue league table. That’s what we normally use
I'll take a look at BofA DEEZ NUTS
BofA is still seen as a mid-BB and is on par with Barc/Citi (with rankings varying between these firms year-by-year and none being seen as significantly better than the rest). If you take a look at the league tables above BofA is a couple hundred billion behind any of MS/GS/JPM. That gap takes time to close and this fact is represented in the disparity in exit quality as well
I agree, but would also mention that PE exits aren't necessarily a reflection on the performance of a bank. CS for example has arguably better exits than any other mid-tier BB due to factors like tight-knit alum, brand weight, etc.
CS has better exits because they underwrite any piece of shit LBO (unlike e.g. Citi) so their analysts get buyside reps, not because of their “tight-knit community”…
Interns, not sure what you're referring to for several hundreds billions but look at the investment banking revenue section. GS, MS, JP, BofA are all above 6% market share. When you actually start working, you’ll realize that investment banking ranking includes all product types
http://graphics.wsj.com/investment-banking-scorecard/
when you actually start working you realize that a ton of that is right bookrunner bullshit even if your bank does a ton of left-leads. And that left lead cap markets for vanilla transactions is boring
BAML is great. Also have worked across the table from them. Moynihan is an all-star CEO. A good friend and mentor of mine moved over there recently too
Look at the investment banking revenue section.
http://graphics.wsj.com/investment-banking-scorecard/
Why did you even bother creating this thread if you’re just going to slap the same source in every comment and not even consider an alternate view
Because the guy works for BofA and is attempting to justify the bank being a top-tier firm (when it actually has a significant gap from GS/MS/JPM) to feed his insecurities
BofA deez nuts
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