Investors

Rankings on investment banks released, JPMorgan still number one

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June 12
7:53 AM 2013

Investment banking giant JPMorgan Chase (JPM.N) remained at number one after reporting a revenue of $6.9 billion on Wednesday. Four other companies are on JP Morgan Chase's trail, all four of which are currently tied at second place.

These companies include Bank of America Merrill Lynch (BAC.N), Citigroup (C.N), Goldman Sachs (GS.N), and Deutsche Bank (DBKGn.DE).

Bank of America Merrill Lynch and Citigroup posted the largest gains in the first quarter, moving both companies up the ladder, said Coalition, and industry analytics firm.

Barclays (BARC.L), Credit Suisse (CSGN.VX), and Morgan Stanley (MS.N) ranked sixth to eighth.

Top bank JPMorgan Chase brought fixed income, currency, and commodities or FICC revenue amounting to $4.3 billion. FICC gains comprised over half on JPMorgan's total revenue. Citigroup and Deutsche Bank ranked second and third in the FICC revenue ladder respectively.

Last year, Coalition said that JPMorgan Chase was the top investment bank of 2012 with a total revenue of $24.1 billion.

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