JPMorgan (NYSE: JPM) took in the largest amount of fees from its global investment banking business amongst its competitors during the first three quarters of the year, despite seeing declines in its market share and revenue during the period.
The New York-based bank, which saw increased business during the financial crisis, earned fees of $3.7 billion from a wide-range of businesses globally during the period. The company had a 6.5% overall market share of investment banking year-to-date according to data from Thomson Reuters. However, JPMorgan Chase & Co. (NYSE: JPM) saw an 18% year-over-year decline from the same period during 2009. The firm’s market share also fell by 1.5%, down from 8% during 2009.
Bank of America Corp (NYSE: BAC) ranked second getting more than $3.4 billion in fees and having 6% in market share. Goldman Sachs Group Inc. (NYSE: GS) ranked third with 5.3% market share and $3 billion in fees.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. JPMorgan Chase’s principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national banking association with United States branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national banking association that is the Firm’s credit card-issuing bank. JPMorgan Chase’s principal nonbank subsidiary is J.P. Morgan Securities Inc. (JPMorgan Securities), its United States investment banking firm. Its activities are organized into six business segments: Investment Bank, Retail Financial Services (RFS), Card Services (CS), Commercial Banking (CB), Treasury & Securities Services (TSS) and Asset Management (AM). Its wholesale businesses comprise the Investment Bank, Commercial Banking, Treasury & Securities Services and Asset Management segments. Its consumer businesses comprise the Retail Financial Services and Card Services segments.
Shares of JPMorgan Chase & Co. (NYSE: JPM) traded up 0.66% during mid-day trading on Wednesday.
