JPMorgan Finished in Top Spot For Investment Banking (JPM)

JPMorgan Finished in Top Spot For Investment Banking (JPM)


According to data compiled by industry analytics firm Coalition, it was reported on Thursday that JPMorgan Chase & Co. (JPM) remained at the top of the investment banking world in 2012, collecting $24.1 billion in revenue from its investment banking sector.

Goldman Sachs (GS) came in at second on the list, with Bank of America Merrill Lynch (BAC), Citigroup (C) and Deutsche Bank (DB) tying for third. The banks showing the best improvement compared to 2011 were Citi and Barclays (BCS).

According to Coalition, across the entire market investment banking revenue was $159 billion in 2012, up 10% from the previous year. Leading the charge were revenues from the core area of fixed income, currencies and commodities (FICC), which were up 21%.

JPMorgan was the top bank in FICC with $14.4 billion in revenue. The bank also led the way in advisory and origination, with revenues of $5.2 billion in that area. Goldman Sachs topped the list for revenues in equities with $5.6 billion.

JPMorgan shares were up 22 cents, or +0.44%, during pre-market trading on Thursday. The stock is up +22.25% over the past twelve months.

The Bottom Line
Shares off JPMorgan (JPM) have a dividend yield of 2.39% based on last night’s closing price of $50.16 and the company’s annualized dividend payout of $1.20 per share.

JPMorgan Chase & Co. (JPM) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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