TPH v. Jefferies v. JPM v. Citi

Wondering what the current rankings are for Houston banks. From my understanding GS, JPM, Citi are top but GS and JPM have tough cultures. TPH and Jefferies seem to be great especially in upstream A&D, but I'm not extremely well versed so any insight would be great. Thanks in advance

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Morgan Stanley also has been killing it recently on the big deals. Evercore and RBC historically strong as well and those about round out the good banks in Houston on top of who you mentioned. You're correct that specifically Jefferies is very strong in A&D given technical prowess, but also expect their culture to be among worst on the street. TPH seemed super great all around--interviewed with them and even though deal flow pretty strong people there are well-rounded. I am also not sure how good Citi has been recently given that Frasier is pretty in on the ESG wave, they were very good when Trauber was hands-on running the group. Would expect all cultures to be relatively tough but I think TPH offers the best mix of toughness with reasonable culture relative to other shops in Houston. 

 

Thanks for the insight, really appreciate it. Is Citi not as focused on O&G now? Saw they advised on a couple of big deals recently, like APA - Callon

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IBIntern1111:

Thanks for the insight, really appreciate it. Is Citi not as focused on O&G now? Saw they advised on a couple of big deals recently, like APA - Callon

You do realize they were the lead advisor (Exxon) on the largest deal of last year across any industry, right?

 

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