Best Investment Banks 2023 or the Top Investment Banks are those which have ample of experience in handling financial services of A-rated companies, government projects and securities. The methodology of rating is not same as commercial and retail banks. We rate based on total assets, revenue, number of successful projects, number of clients, and so on.
What is investment Banking and which are the best?
A financial company that deals in financing business, market making, bonds, mergers and acquisitions, IPO, etc is an investment bank and the industry is known as investment banking. These companies are responsible for each and every financial requirements of their clients from regulation to implementation. It should be noted that an investment bank and a commercial or retail bank are totally different. Financial products such as savings and checking accounts, credit cards, mortgage, loans, etc is not a part of investment banking and it is not allowed under the law. Most of the top investment banks have the commercial or retail banking wing, it is because both pf them are interdependent.
These are the 10 best investment banks :
- JP Morgan Chase
- Goldman Sachs
- Morgan Stanley
- BofA Merrill Lynch
- Citi Group
- Deutsche Bank
- Wells Fargo Securities
|Investment Bank Name||Total Assets (Rounded Off)||Revenue (Average for 3 years)|
|JP Morgan Chase||$2,700 Bn||$7 Bn|
|Goldman Sachs||$1,000 Bn||$6 Bn|
|Morgan Stanley||$1,000 Bn||$5.7 Bn|
|BofA Merrill Lynch||$2,300 Bn||$4.1 Bn|
|Barclays||$1,400 Bn||$3.5 Bn|
|Citi Group||$2,000 Bn||N/D|
|Deutsche Bank||$1,500 Bn||$2.5 Bn|
|Wells Fargo Securities||$2,000 Bn||$2.1 Bn|
JP Morgan Chase : The largest investment bank in the world with total assets of more than two and a half trillion dollars. It deals with other financial sectors such as commercial and community banking, insurance, asset management, securities and so on. They have collected the highest fees for investment banking last year which is more than 8% of market share. JP Morgan Chase was founded in 2000 as result of combination of Chase Manhattan Corporation and JP Morgan and Co and it serves in 61 countries. This bank has the origin from Manhattan Company which was formed in 1799.
For more information go to JP Morgan Chase investment page
Goldman Sachs : Founded in the year 1869 by Marcus Goldman and Samuel Sachs is a multinational investment bank headquartered in New York City. With total assets of more than a trillion dollar it is one of the top 10 investment banks. It deals in many financial products and services such as wealth management, asset management, commercial and retail banking , investment and landing and so on. Goldman Sachs first quarter 2018 earnings per share is $6.95 and dividend per share is $0.80 and for second quarter earnings is $5.98 per share.
For more information go to Goldman Sachs investment page
Morgan Stanley : It a multinational investment bank founded by Henry Sturgis Morgan, Harold Stanley, Dean G. Witter and Richard S. Reynolds, Jr. and was founded in 1935 (original Morgan Stanley). It deals in wealth and asset management, institutional securities and investment management. The total assets is more than $900 billion and is one of the best investment banks in the US. At present Morgan Stanley is headquartered at Morgan Stanley Building, 1585 Broadway, New York City, New York, U.S.
For more information go to Morgan Stanley investment page
BofA Merrill Lynch : Bank of America Merrill Lynch is the investment bank wing of Bank of America. It is one of the newest investment bank founded in the year 2009 and is headquartered in Bank of America Tower, New York City, New York, U.S. We all know BofA has a full fledged Banking wing. So, overall it deals with almost any financial products and services be it personal banking, business, mortgage, insurance, securities, trading and brokerage and so on.
For more information go to BofA Merrill Lynch investment page
Barclays Investment Bank : Also know as Barclays Capital is a London based investment bank is a sister concern company of Barclays bank. The bank is headquartered at Canary Wharf, London, United Kingdom and has employee strength of 25,500. They are mainly into asset management, investment management and securities. Also this investment bank is famous for equity linked bonds and has received award for the same. Overall it is among the popular investment banks.
For more information go to Barclays investment page
UBS : Union Bank of Switzerland (UBS) is a Swiss investment bank founded in the year of 1862 and is headquartered at Bahnhofstrasse 45, Zürich, Switzerland. UBS operates in 52 countries and is spreading in more countries. It deals in merger and acquisitions, investment management, wealth and asset management, commercial banking, equity bonds, mortgage and so on. The total assets of UBS is more than a trillion dollar. UBS is considered as one of the top investment banks.
For more information go to UBS investment page
HSBC : The Hongkong and Shanghai Banking Corporation (HSBC) is a London based investment bank founded in the year of 1865 and is headquartered at HSBC Tower, London, United Kingdom. HSBC operates in 67 countries with more than 3,900 branches and 250,000 employees. It is a full fledged financial company and deals in all type of of banking and financial products. Total assets of HSBC as of 2018 is more than 2.6 trillion dollars.
For more information go to HSBC investment page
Citi Group : One of the oldest bank founded in 1812 is an American financial company, it serves in more than 160 countries. They are specialized in Financial Analysis, Investment Management, Wealth and Asset Management, Commercial and Retail Banking, bonds, etc. The investment banking wing can be divided into capital market origination, corporate and investment banking, markets securities services, treasuries and trade solutions.
For more information go to Citi investment page
Deutsche Bank : It is a German multinational investment bank which operates in 58 countries mostly in Europe. The financial company is listed in NYSE. Founded in the year 1870 the bank has strong presence in corporate banking, asset management, transaction banking, securities etc. The commercial and retail banking wing offers products such as mortgage, insurance, cards etc. Deutsche bank is the largest European bank with total assets of more than $1.5 trillion.
For more information go to Deutsche Bank investment page
Wells Fargo Securities : Wells Fargo is one of the largest bank in the world and is consistently holding under the top 5 ranking. Wells Fargo is the investment banking wing of the bank. It was founded in the year of 1852. Some of it's products and services are asset management, brokerage services, commercial banking, commodities, money market trading, wealth management, risk management and so on. Wells Fargo can be found in 35 countries and is headquartered in San Francisco, California, U.S.
For more information go to Wells Fargo investment page
History of Investment Banks :
Before civil war commercial banks were no different from investment banks, after the civil war modern investment banks came into existence and in 1933 Glass Steagall Act was introduced which separated the line of work. However, this law was abolished in the later part of 1990, it was the period for investment banks to grow like a ginger. After the financial crisis of 2008 most of these banks converted into holding companies.
The first bond was issued by Dutch East India Company to general public and was also the first public traded company. Earlier investment banks were into brokerage, IPOs and merger but these days they have evolved and many other sectors to look at such as market analysis, wealth management, and so on.