J.P. Morgan heads in overall investment bank revenue for Asia Pacific in 2016, said the latest data by Coalition, a data-analytics and intelligence firm, associated with rating company Crisil.
The multinational banking firm’s revenues from merger and acquisition, trading and other investment banking activity inflated 11 per cent to USD 25.2 billion in 2016 from USD 22.7 billion in the preceding year, show data from Coalition.
Reportedly, the bank has earned revenues in 2016 across fixed income, equities, and banking operations. It also ranked first or joint first in every other region.
“We continue to make significant investments in the region, maintained our focus on delivering the right strategic solutions to our clients and achieved record results in a year that was characterised by unpredictable geopolitical events,” said the bank’s official communiqué.
J.P. Morgan’s FICC and Equities businesses both ranked among top three in Asia Pacific, according to Coalition.
“The strong momentum in 2016 was driven primarily by a solid performance in the Fixed Income business, which enabled us to post record year-on-year growth. Our equities business has gained significant market share across the region in the past couple years as well,” the bank said.
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