The latter does substantially more deals for its clients than the former – almost 500 more so far this year. But Goldman’s revenues are almost 20% higher, and its average revenues per deal are bigger by almost 65%.
Of course, the Dealogic data does not capture the entire revenue base. But it illustrates something that gnaws at Morgan Stanley’s bankers. A senior investment banker at the firm says: “Goldman is simply better at asking for fees.
Thanks for your interest in Euromoney!
To unlock this article:
