Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, March 24, 2011

DEALS-Goldman slides to 10th spot in US M&A ranks, (NYSE: GS), (NYSE: JPM), (NYSE: EVR), (NYSE: LAZ)

Wall Street's most powerful bank, Goldman Sachs Group Inc is making its worst showing in U.S. deal advisory rankings in more than two decades, sliding to 10th place in the first quarter of this year. While deal rankings can move around dramatically each quarter, it is still embarrassing for Wall Street's premier bank to have fallen in the pecking order. League tables are closely followed by bankers who compete hard for lucrative assignments advising companies on mergers and acquisitions. Goldman (GS.N), advised on $71 billion worth of U.S. deals in the first quarter, far less than JPMorgan Chase & Co's (JPM.N) chart-topping $170 billion, and even beneath much smaller banks such as Rothschild, Evercore Partners Inc (EVR.N) and Lazard Ltd (LAZ.N).

Source