JPMorgan Tops Bloomberg 2012 Investment Bank Ranking
JPMorgan Chase has claimed the top spot in the Bloomberg 20, the media company's annual rankings of investment banks by the amount of total fees collected. In 2012, JPMorgan raked in just under $4 billion in such monies -- 25% higher on a year-over-year basis -- to take the No. 1 position.
This is far from the bank's first title. It has led the Bloomberg 20 in four of the past five years.
No. 2 this year was 2011's champion, Goldman Sachs, followed by Morgan Stanley and Citigroup. Rounding out the top five was Bank of America unit Merrill Lynch, which took in $3.16 billion in fees in 2012.
The article JPMorgan Tops Bloomberg 2012 Investment Bank Ranking originally appeared on Fool.com.
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