03 Aug 2020
Posted in Business Fundamentals
JP Morgan and Goldman Sachs were top financial advisers by value and volume in the US in H1 2020, says GlobalData
Financial advisers JP Morgan and Goldman Sachs were noted to be the top mergers and acquisitions (M&A) financial advisers in the US in the first half (H1) of 2020, based on deal value and volume, respectively. JP Morgan advised on 57 deals worth US$95.4bn, which was the highest among all advisers. Meanwhile, Goldman Sachs led in volume terms having advised on 68 deals worth US$73.8bn during H1, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Financial Deals Analyst at GlobalData, comments: “Goldman Sachs, despite leading by volume, lost the top position by value to JP Morgan. Both of these firms were involved in some big-ticket deals, however, involvement in two megadeals (>US$10bn) mainly helped JP Morgan top the list by value.”
Morgan Stanley occupied the second position by value with 42 deals worth US$75bn followed by Goldman Sachs. JP Morgan occupied the second position by volume followed by Bank of America with 50 deals worth US$47.9bn.
JP Morgan, which topped the US deals league table by value, stood at secondposition (by value) in the recently released global league table of top 20 M&A financial advisers by GlobalData. Similarly, Goldman Sachs, which topped the US league table by volume, also occupied the second position (by volume) in the global league table.