Just got Refinitiv's latest stats on Global IB in 1Q.
GLOBAL INVESTMENT BANKING FEES TOTAL US$22.8 BILLION DURING FIRST QUARTER 2019 $120 Worldwide investment banking-related activities during the opening three months of 2019 generated an estimated US$22.8 billion in fees, a 14% downtick compared to the first quarter of 2018 and the weakest first quarter since 2016. The Americas led all other regions by share of fees, accounting for 52% of all fees or US$11.8 billion. The EMEA region totaled US$5.3 billion in fees, posting a 25% decline compared to a year ago driven by a 33% downtick in fees from France. Fees in the Asia-Pacific region fell by 14% to US$4.4 billion due to tepid activity in China and Hong Kong. IB fees generated in Japan hit US$1.3 billion, down 13% compared to the first three months of 2018.
ECM FEES DOWN 41%; M&A DOWN 8%; LOANS DOWN 16%; DCM FLAT COMPARED TO 2018
But you wouldn't be able to tell, looking at the stock price of Morgan Stanley or Goldmans!
Submitted April 08, 2019 at 05:33PM by shane_stockflare http://bit.ly/2YXSl9b
