2010 Awards for excellence: Best Global equity house
It has the biggest market share for good reasons: exemplary market intelligence and confidence-boosting capital.
Awards for Excellence 2010
|Best Global equity house: JPMorgan|
|Also nominated: Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley|
According to Dealogic league tables, JPMorgan once again topped the bookrunner rankings in global equity capital markets for the 12 months under review, leading $111 billion of deals and commanding an 11% market share, comfortably ahead of its closest rivals: second-ranked Goldman Sachs with $96 billion of deals and a 9.5% market share; third-ranked Morgan Stanley with $77 billion of deals and a 7.7% market share; and Bank of America Merrill Lynch just a fraction behind.
JPMorgan acted on many of the most important deals, demonstrating the strength and depth of an equity capital markets business originally built on its prominence as a debt arranger but now long since established as a leading franchise in its own right.
Its rivals trust it sufficiently to open up their books. JPMorgan led key deals for banks, including ING and Société Générale. It was also joint global coordinator and joint bookrunner on the $12 billion primary follow-on offering for Mitsubishi Financial UFJ group.