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 EMEA 2017 highlights from our Q4 2017 report.
EMEA Q4 2017 highlights
EMEA only accounted for 23.4% of global IB revenue, about the same share as in 2016. US banks increased their share of the EMEA IB wallet to 37.2%, their highest annual share since 2001 (37.4%).
EMEA ECM revenue was up 52% to $3.7bn from $2.5bn in 2016, driven by a 78% increase in IPO revenue to $1.2bn ($689m in 2016).
IB – EMEA IB revenue was up 8% year-on-year to $19.0bn in 2017, boosted by the ECM market recovery
M&A – $5bn+ EMEA-targeted M&A deals stood at $395.8bn via 34 deals, the highest volume and activity since 2008 ($425.3bn via 38 deals)
ECM – EMEA follow-on activity reached a full year record high in 2017 (1,260 deals), exceeding the previous record of 2007
LevFin – European LevFin volume was up to $275.7bn in 2017 compared to $148.5bn in 2016
IG Loans – EMEA investment-grade (IG) loan volumes declined for a third consecutive year to $549.5bn, down 4% compared with 2016 and the lowest since 2012.
Deals – Landis & Gyr ($2.4bn) is the fourth largest EMEA tech IPO to price since 2000 – it completed successfully through the DealManager network. Investors used Dealogic Connect to place electronic orders securely to banks. Read more>>
EMEA 2017 rankings
| EMEA Investment Banking Revenue by Bank – Full Year 2017 league table | ||||
|---|---|---|---|---|
| Rank | Bank | Revenue | Share | 2016 |
| 1 | JPMorgan | $1,495m | 7.9% | 1 |
| 2 | Citi | $1,075m | 5.7% | 4 |
| 3 | Goldman Sachs | $1,072m | 5.6% | 2 |
| 4 | Deutsche Bank | $989m | 5.2% | 3 |
| 5 | Bank of America Merrill Lynch | $934m | 4.9% | 7 |
| 6 | Morgan Stanley | $901m | 4.7% | 5 |
| 7 | Barclays | $809m | 4.3% | 6 |
| 8 | Credit Suisse | $752m | 4.0% | 10 |
| 9 | HSBC | $745m | 3.9% | 8 |
| 10 | BNP Paribas | $707m | 3.7% | 9 |
For more EMEA 2017 league tables, please contact us.
Read more highlights from the annual reports
Data source: Dealogic, as of January 1, 2018