Fees earned for global investment banking services in the first quarter rose six percent year-on-year to $19.8 billion, according to Thomson Reuters data, the strongest annual start in two years. Bank of America Merrill Lynch topped global investment banking league tables after earning $1.52 billion in fees in the first three months of the year, or 7.7 percent of the total fee pool.JP Morgan came second with $1.48 billion and Goldman Sachs was in third place with $1.27 billion.More than half of the total fee pool was earned in the Americas, which saw a 16 percent increase on the same period last year to $11.6 billion. Asia Pacific and Europe both saw a decline in fees, down 10 percent and 7 percent respectively.Fees from debt capital markets transactions accounted for 33 percent of the total pot, flat on the previous year, while fees from merger and acquisition deals fell 11 percent to $3.9 billion, making up 20 percent of the total.
Bank of America Corporation (Bank of America)is a bank holding company, and a financial holding company. Shares of BAC remained unchanged at $11.81. In the past year, the shares have traded as low as $6.72 and as high as $12.94. On average, 160628000 shares of BAC exchange hands on a given day and today's volume is recorded at 6700.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $31.87. In the past year, the shares have traded as low as $26.20 and as high as $32.89. On average, 1055300 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.52% or $-0.5/share to $32.34. In the past year, the shares have traded as low as $26.65 and as high as $33.54. On average, 1145080 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1744094.
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