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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

Contact us for more information or a full copy of our Global Markets Reviews for full year 2017. Learn more about the Dealogic platform.