JPMorgan: Plugging the gaps
No one doubts JPMorgan's global influence, but it still needs to fill some holes in its corporate bank
Of all the global corporate and investment banks, Jamie Dimon’s JPMorgan remains the one whose overall performance is the yardstick for rivals. At more than $75 billion for the first three quarters of 2017, its revenues surpass all others, as do its profits of nearly $27 billion.
Its corporate and investment banking division vies for top spot with Bank of America Merrill Lynch and Citi in both profits and revenue. It makes more money in fixed income, currencies and commodities than anyone else, even when that sector is experiencing some of its toughest times.
Such has been the story pretty much consistently since the global financial crisis. But while strength in its home market is natural, it is the bank’s improvement in Europe that has been one of the most striking aspects of its recent performance. It topped the regional investment bank league tables published by Coalition in 2016 and the first half of 2017, ranking first in FICC, equities and investment banking.
In each of the last two years, the bank has ranked top in EMEA equity capital markets bookrunners, according to Dealogic.