BMO Capital Markets was the top mergers and acquisitions (M&A) financial adviser in the metals & mining sector during the first quarter (Q1) of 2026 by value as well as volume, according to the latest financial advisers league table by GlobalData, a leading intelligence and productivity platform.

An analysis of GlobalData’s Financial Deals Database reveals that BMO Capital Markets achieved the leading position having advised on five deals worth $8.7 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “There was an improvement in the total number of deals advised by BMO Capital Markets during Q1 2026 compared to Q1 2025. Resultantly, it went ahead from occupying the 28th position by volume in Q1 2025 to top the chart by this metric in Q1 2026.

“Similarly, in value ranking also, it was not among the top 10 in Q1 2025 but went ahead to lead in Q1 2026. The involvement in two billion-dollar deals* during Q1 2026 helped BMO Capital Markets to top the chart by value.”

RBC Capital Markets occupied the second position in terms of value, by advising on $7 billion worth of deals, followed by Morgan Stanley with $5.6 billion, Bank of Nova Scotia with $5.5 billion and National Bank of Canada with $4.4 billion.

Meanwhile, Moelis & Company occupied the second position in terms of volume with three deals, followed by RBC Capital Markets with two deals, Morgan Stanley with two deals and Bank of Nova Scotia with two deals.

*Deals valued ≥ $1 billion