United States 2020 MM Banks Ranking

Excuse my title, no idea how to change it. 

Tier 1: Jefferies, HL RX, RBC

Tier 2: William Blair, Rothschild, Baird, Harris William, Oppenheimer, HL, Wells Fargo, FT Partners

Tier 3: Truist, Lincoln, MacCap, Cowen, Piper Sandler

Tier 4: USA, TD Securities, Stifel, Stephens, Nomura, Raymond James, HSBC, BMO, KeyBank, JMS, BNP, Credit Agricole

Any bank that I'm forgetting? Obviously this changes pretty fluidly, but I think this is a good, general concept. I know some people keep saying that RBC and Jefferies are BBs, and sure, they play in that market, but you have to remember that the term bulge bracket is a historical term, like how the Ivy League will always refer to the 8 schools, and isn't subject to change.

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