Winners and losers in the scramble for investment banking revenue

There are significant changes at the top and lower down the first quarter 2009 investment banking revenue rankings.

Global Investment Banking Net Revenue
Rank Bank 1Q 2009 (Rev $m) Market Share % 1Q 2008 Rank Y-o-Y % change
1 JPMorgan 828 8.2 2 -29%
2 Bank of America – Merrill Lynch 695 6.9 1 -52%
3 Citi 679 6.8 4 -28%
4 Goldman Sachs 604 6.0 3 -40%
5 UBS 582 5.8 5 -21%
6 Morgan Stanley 536 5.3 6 -25%
7 Deutsche Bank 483 4.8 8 -27%
8 Barclays Capital 388 3.9 9 -36%
9 Credit Suisse 361 3.6 7 -47%
10 BNP Paribas 320 3.

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