Top 10 Investment Banks

Many of the largest investment banks, including JPMorgan Chase, belong to the Bulge Bracket.

According to The Wall Street Journal, in terms of total M&A advisory fees for the whole of 2020, the top ten investment banks were as listed in the table below.[36] Many of these firms belong either to the Bulge Bracket (upper tier), Middle Market (mid-level businesses), or are elite boutique investment banks (independent advisory investment banks).

ank	Company	Ticker	Fees ($bn)
1.	Goldman Sachs	GS	287.1
2.	Morgan Stanley	MS	252.2
3.	JPMorgan Chase	JPM	208.1
4.	Bank of America Merrill Lynch	BAC	169.9
5.	Rothschild & Co	ROTH	94.6
6.	Citi	C	91.8
7.	Evercore	EVR	90.3
8.	Credit Suisse	CS	90.2
9.	Barclays	BCS	71.7
10.	UBS	UBS	65.9

The above list is just a ranking of the advisory arm (M&A advisory, syndicated loans, equity capital markets, and debt capital markets) of each bank and does not include the generally much larger portion of revenues from sales & trading and asset management. Mergers & cquisitions and capital markets are also often covered by The Wall Street Journal and Bloomberg.

Global market share of revenue of leading investment[37]
institutions				percentage
JPMorgan Chase			8.1
Goldman Sachs			7.2
Bank of America Merrill Lynch			6.1
Morgan Stanley			5.8
Citi			5.3
Credit Suisse			4.5
Barclays			4.3
Deutsche Bank			3.2
UBS			2.2
RBC Capital Markets			2.2
(as of December 2017)