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Global Markets Rankings for First Quarter 2023

Our quarterly rankings are now available.

ECM Rankings

Q1 2023 global issuance volume saw an 18% improvement on the last quarter of 2022

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M&A Rankings

Global M&A volume totaled USD 582b, down 48% year on year and 27% lower than the Q4 2022

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DCM Rankings

Issuance for 1Q 2023 stands just shy of USD 1.72trn, a decade-low for DCM activity, and a 25% fall year-on-year

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Loans Rankings

Q1 2023 contracted to levels not seen for over a decade, reaching just USD 637bn – a marked fall from an average of USD 930bn in the same period over the previous 10 years

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Leveraged Finance Rankings

Q1 2023 marks a 37% decline from the same period a year ago, but a 56% rise on Q4 2022

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IB Revenue Rankings

Global IB revenue rankings dominated by JPMorgan globally, but a global drop of 37% year on year

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