JPMorgan Chase has claimed the top spot in the Bloomberg 20, the media company's annual rankings of investment banks by the amount of total fees collected. In 2012, JPMorgan raked in just under $4 billion in such monies -- 25% higher on a year-over-year basis -- to take the No. 1 position.
This is far from the bank's first title. It has led the Bloomberg 20 in four of the past five years.
No. 2 this year was 2011's champion, Goldman Sachs, followed by Morgan Stanley and Citigroup. Rounding out the top five was Bank of America unit Merrill Lynch, which took in $3.16 billion in fees in 2012.
The article JPMorgan Tops Bloomberg 2012 Investment Bank Ranking originally appeared on Fool.com.Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs, and owns shares of Bank of America, Citigroup, and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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