Global M&A is up 13% yoy, totalling more than $2 trillion in the first 9 months of 2013, according to a report by Dealogic on Tuesday
Global M&A is up 13% yoy, totalling more than $2 trillion in the first 9 months of 2013, according to a report by Dealogic on Tuesday. Although this may provide a boost to quarterly revenue, M&A only comprises a small portion of the capital markets fees earned by investment banks. Moreover, investment banking fees are not expected to offset the losses in brokerage fees that banks have reportedly suffering this quarter. Currently, Goldman Sachs is the global leader in terms of volume and J. P. Morgan is the US leader for M&A. The top 10 banks accounted for 56% of the share of global M&A fees. Despite the increase in volume, global activity was down 20% over the same period to 26,194 deals, making it the second-consecutive year-over-year decline. (VIEW LINK)
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