Fees earned for investment banking services rose 5 percent in 2013 as companies, spurred on by a stock market revival, hired banks to advise on share offerings in a bumper year for equity fundraising.Investment banking fees totalled $74.7 billion as of Dec. 18, up from $71.3 billion in the same period in 2012, according to data from Thomson Reuters and Freeman Consulting.U.S. bank JPMorgan Chase & Co was the top ranked bank in terms of fees, raking in a total of $5.8 billion year to date. Bank of America Merrill Lynch and Goldman Sachs were second and third, respectively.The increase will be a welcome piece of news for investment banks, which have faced slumping trading revenues, a series of regulatory investigations and, in some cases, multi-billion dollar fines in 2013.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC traded higher by 0.38% or $0.06/share to $15.75. In the past year, the shares have traded as low as $10.98 and as high as $15.98. On average, 95141696 shares of BAC exchange hands on a given day and today's volume is recorded at 97918712.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM fell by 0.02% or $-0.01/share to $57.23. In the past year, the shares have traded as low as $42.90 and as high as $58.14. On average, 20345400 shares of JPM exchange hands on a given day and today's volume is recorded at 16764459.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.99% or $0.73/share to $37.33. In the past year, the shares have traded as low as $28.53 and as high as $38.73. On average, 862386 shares of TRI exchange hands on a given day and today's volume is recorded at 844009.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.76% or $0.69/share to $39.81. In the past year, the shares have traded as low as $28.45 and as high as $40.61. On average, 983064 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 1066877.
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