JPMorgan Chase & Co. (NYSE: JPM) received the most fees from global investment banking during the first three quarters of the year, despite losing market share and facing declining fee revenue.
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.
