JP Morgan Tops First-Half Fixed Income Rankings

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By Rob Tricchinelli

July 13 — JP Morgan is still the top corporate and financial bond underwriter through the first half of 2016, but overall fixed-income deal-making volume dropped from the same period in 2015, Bloomberg data show.

JP Morgan underwrote 710 deals worth more than $130 billion in the first half, accounting for nearly 6 percent of overall market share. Citi and Bank of America Merrill Lynch both were between $115 billion and $120 billion.

Most of the largest underwriters saw drops from their first-half market share totals in 2015, with gains realized by smaller entities. Morgan Stanley's market share in corporate bond underwriting was nearly halved.

Overall deal volume decreased 1.65 percent, compared to the same span in 2015, to roughly $2.2 trillion and the overall deal count dipped more than 5 percent to nearly 8,000.

Financial, Corporate

In financial bonds alone, HSBC was tops with $56 billion, followed by JP Morgan, Citi, Goldman Sachs and Morgan Stanley.

On the corporate side, JP Morgan underwrote roughly $75 billion. Bank of America Merrill Lynch, Citi, Deutsche Bank and Barclays rounded out the top five.

To contact the reporter on this story: Rob Tricchinelli in Washington at rtricchinelli@bna.com

To contact the editor responsible for this story: Susan Jenkins at sjenkins@bna.com

For More Information

The fixed income advisory league tables, among many others, are available to Bloomberg Law: Corporate Transactions subscribers at https://www.bloomberglaw.com/product/corptrans/secondary_page/ct_league_tables

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