Our Global Markets Reviews for full year 2017 look at key trends across investment banking, M&A, ECM, DCM, Leveraged Finance, and Loans, according to Dealogic figures. Read the Americas highlights from our Q4 2017 report.
Americas Q4 2017 highlights
Americas IB revenue for full year 2017 ($45.8bn) experienced a 10% year-on-year gain from $41.6bn in 2016. IG corporate bonds revenue in 2017 reached a record high $5.5bn, surpassing the previous record in 2015.
Revenue– US IB revenue totaled a record high of $39.7bn in 2017, surpassing the previous record of $37.9bn (2013). Additionally, US Financial Sponsor IB revenue surpassed the previous high of $12.0bn in 2013 with $12.1bn in 2017.
M&A – Average EV/EBITDA multiple of US M&A deals for 2017 reached 13.2x, tying with 2014 as the highest average EV/EBITDA recorded
ECM –US-listed ECM volume experienced a 5% year-on-year increase to $245.9bn in 2017
LevFin – Financial sponsor–related core LevFin volume soared 83% to a record high of $606.4bn in 2017
IG Loans –US-marketed IG loan volume in 2017 saw a 14% year-on-year decline from $1.17tr in 2016 to $1.01tr (via 832 deals) in 2017
Deals – Becton Dickinson’s $2.4bn deal represented the largest fully-marketed follow-on of 2017 in the US
Americas 2017 rankings
| US Investment Banking Revenue by Bank – Full Year 2017 league table | ||||
|---|---|---|---|---|
| Rank | Bank | Revenue | Share | 2016 |
| 1 | JPMorgan | $4.17bn | 10.5% | 1 |
| 2 | Goldman Sachs | $3.96bn | 10.0% | 2 |
| 3 | Bank of America Merrill Lynch | $3.41bn | 8.6% | 3 |
| 4 | Morgan Stanley | $2.70bn | 6.8% | 4 |
| 5 | Citi | $2.48bn | 6.3% | 5 |
| 6 | Barclays | $2.30bn | 5.8% | 6 |
| 7 | Credit Suisse | $2.17bn | 5.5% | 7 |
| 8 | Wells Fargo Securities | $1.55bn | 3.9% | 8 |
| 9 | Jefferies LLC | $1.32bn | 3.3% | 9 |
| 10 | Deutsche Bank | $1.22bn | 3.1% | 10 |
For more Americas 2017 league tables, please contact us.
Read more highlights from the annual reports
Data source: Dealogic, as of January 1, 2018