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In 2026, JPMorgan was the world's leading bank in terms of investment banking revenue, generating around *** billion U.S. dollars. In 2025, JPMorgan was also the largest bank in the United States by total assets, followed by Bank of America and City Group.

Global investment banking is dominated by U.S. banks

The top five investment banks globally were all American multinational firms. In 2026, the two leading investment banks by revenue were JPMorgan and Goldman Sachs. Morgan Stanley and BofA Securities ranked third and fourth, with revenues over *** billion U.S. dollars. Together, these four banks held nearly a of the global investment banking market share in terms of revenue in 2025.

Investment banking fees

Unsurprisingly, JPMorgan was also the leading bank in terms of investment banking fees. These fees represent the returns banks earn for offering investment services, such as facilitating mergers and acquisitions. In 2025, the largest value of investment banking fees came from services provided to the financial sector.