JPMorgan was the leading investment bank globally as of June 2024 in terms of market share of revenue. Between January and June 2024, JPMorgan's revenue accounted for 9.2 percent of the global investment banking revenue. Goldman Sachs followed, with a market share of 7.3 percent.
What is the role of investment banks
The main role of an investment bank is to assist companies, governments and other market participants in raising capital. The banks take on the role of transaction underwriters, making sure that the emission of bonds or stocks is executed optimally on both the buying and selling sides. It means that the prices of emitted securities are not too high or too low and that there are enough investors interested in the purchase of these securities. Investment banking activity also includes assistance in merger and acquisition transactions.
The largest investment banks
JPMorgan Chase and Goldman Sachs were the leading investment banks in the world in terms of generated revenues. Other leading investment banks were Morgan Stanley, Bank of America, and Citibank.JPMorgan generated revenue of roughly three billion U.S. dollars in 2023.
