Investment banking is an arm of banking that essentially concentrates on capital financing for international and local organizations, people and even governments. These expanded account prerequisites can be as equity/debt IPO, bonds offering, mergers and acquisitions, portfolio administration, and so forth.
This article records the top 10 worldwide investment banks, on the basis of loan availability and their global reach.
1. Goldman Sachs (GS): One of the most reputable banking firms established in 1869 and headquartered in New York, GS offers an extensive variety of services spread over four divisions – investment banking, institutional client services, investing and lending and investment management.
Goldman Sachs reported net incomes of $34.210 billion for 2013, of which investment banking division contributed $6 billion. Other divisions’ revenues were higher, yet greatest rate development was in the investment banking arena.
2. JP Morgan Chase (JPM): One of the biggest investment banks, JPM Chase reported net incomes of $96,606 million, of which investment banking income contributed $1,700 million. EPS was $4.39. “The firm has $2.4 trillion in resources and $211.2 billion in stockholders’ equity” and works in 60 nations with more than 260,000 representatives with a broadened set of services.
Aside from investment banking, it additionally works in small business account, worldwide banking account, transaction processing and private equity.
3. Barclays (BCS): Established in 1896, the London, UK based investment bank supported by an estimated workforce of 139,600 representatives worldwide, reports demonstrate total income of £28,444 million of which the investment banking account fragment added to £10,733 million. In general, EPS was 3.8 pence.
Barclays is a key player in retail and wholesale business, banking and financing, and card processing business.
4. Bank of America Merrill Lynch (BofA-ML): The substantial entity formed by erstwhile Merrill Lynch being assumed by Bank of America shortly after the 2008 economic meltdown, offers a wide cluster of banking services investment banking, home loan/mortgage, trading, brokerage and card services.
Working in 40 nations over the globe with aggregate income of $89,801 million, the investment banking division contributed $6,126 million in 2013.
5. Morgan Stanley (MS): Established in 1935 and headquartered in New York USA, the worldwide firm utilizes 55,794 workers spread over different nations. It reported net income of $32,417 million, of which the investment banking section contributed $5,246 million. EPS was $1.42.
Aside from the standard capital raising, M&A, corporate restructuring services, and the firm additionally offers expanded services like prime brokerage, custodian, settlement and clearing, and so forth.