Bank of America and BMO Capital Markets were declared by GlobalData as the top mergers and acquisitions (M&A) financial advisers in the metals & mining sector for Q1-Q3 2022 by value and volume, respectively. According to the leading data and analytics company’s latest Financial Advisers League Table, which ranks financial advisers by the value and volume of M&A deals on which they advised, Bank of America achieved its leading position by value by advising on $7.8 billion worth of deals, while BMO Capital Markets led by volume by advising on a total of eight deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “BMO Capital Markets has suffered a huge setback, compared to Q1-Q3 2021 when it occupied the top spot by both volume and value. The company may have still clung to first place by deal volume, despite having registered a 33.3% decline, but it had to settle for fifth place by value. Meanwhile, Bank of America’s position in terms of value has jumped from fifth position in Q1-Q3 2021 to the top position in Q1-Q3 2022.”

Analysis of GlobalData’s Financial Deals Database reveals that Canaccord Genuity Group occupied the second position by value, by advising on $7.2 billion worth of deals; followed by Stifel/KBW, with $7 billion; Bank of Nova Scotia, with $6.9 billion; and BMO Capital Markets, with $4.7 billion. Meanwhile, Canaccord Genuity Group occupied the second position in terms of volume with seven deals; followed by Stifel/KBW, with six deals; Rothschild & Co, with five deals; and RBC Capital Markets, with four deals.

According to GlobalData’s report, ‘Global and Metals & Mining M&A Report Financial Adviser League Tables Q1-Q3 2022’, a total of 975 M&A deals worth $45.8 billion were announced in the sector during Q1-Q3 2022.