Citi Beats JPM in the M&A Stakes

Citi has overtaken arch rival JPMorgan in this month’s M&A league tables from Dealogic. Citi is in first place on volume, with $15.83bn in proceeds from 29 deals as of mid-August. This compares to second as of mid-June, with $11.17bn off 21 transactions. In second place this month is JPMorgan, with $12.93bn in proceeds from 28 deals, Dealogic data shows. Particularly impressive is Citi’s command of fees in this space, with $66.99m in revenues, or 28.19% of the market. In second is Goldman, with $31.20m and 13.13% share, says Dealogic.