World's best investment bank 2019: JPMorgan
The firm’s clear global leadership today is the result of long-term strategic thinking and sustained and disciplined investment of strong earnings.
Awards for Excellence 2019
It is a sign of just how far JPMorgan has come in investment banking in the years since the financial crisis that the near obsession of its senior management today is no longer how to build leadership – in some markets they even believe it would be better for the bank if its share went down – but rather how to guard against complacency.
The firm has never looked more powerful than it does today. The gap to second place at the top of the global investment banking revenue rankings is growing wider than ever – close to 100 basis points for full year 2018, when 50bp or so used to separate the leading firms. The gap was 130bp in the first three months of this year.
If you concentrate just on the primary financing businesses, in the first quarter of 2019 JPMorgan’s lead in share of global capital markets revenue was fully 230bp above second-ranked Bank of America Merrill Lynch.