List of investment banks

The following list catalogues the largest, most profitable, and otherwise notable investment banks. This list of investment banks notes full-service banks, financial conglomerates, independent investment banks, private placement firms and notable acquired, merged, or bankrupt investment banks. As an industry it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique market (specialized businesses).[1]

Largest full-service investment banks

The following are the largest full-service global investment banks; full-service investment banks usually provide both advisory and financing banking services, as well as sales, market making, and research on a broad array of financial products, including equities, credit, rates, currency, commodities, and their derivatives. Based on data from London Stock Exchange Group, the largest investment banks by fees in 2024 are as follows:[2]

Many of the largest investment banks are considered among the "bulge bracket banks" and as such underwrite the majority of financial transactions in the world.[3] Additionally, banks seeking more deal flow with smaller-sized deals with comparable profitability are known as "middle market investment banks" (known as boutique or independent investment banks).[1]

• 1) 🇺🇸 JPMorgan Chase
• 2) 🇺🇸 Goldman Sachs
• 3) 🇺🇸 Bank of America
• 4) 🇺🇸 Morgan Stanley
• 5) 🇺🇸 Citigroup
• 6) Barclays
• 7) 🇺🇸 Wells Fargo
• 8) 🇫🇷 BNP Paribas
• 9) 🇩🇪 Deutsche Bank
• 10) 🇺🇸 Jefferies Group
• 11) 🇨🇦 RBC Capital Markets
• 12) 🇨🇭 UBS
• 13) 🇯🇵 Mizuho Financial Group
• 14) HSBC
• 15) 🇯🇵 Sumitomo Mitsui Financial Group
• 16) 🇨🇦 TD Securities
• 17) 🇺🇸 Evercore
• 18) 🇺🇸 Lazard
• 19) 🇨🇦 BMO Capital Markets
• 20) 🇺🇸 Centerview Partners
• 21) 🇫🇷 Crédit Agricole Corporate and Investment Bank
• 22) 🇨🇳 CITIC Group
• 23) 🇯🇵 Mitsubishi UFJ Financial Group
• 24) 🇪🇸 Santander Corporate & Investment Banking
• 25) 🇯🇵 Nomura

Financial conglomerates

Large financial-services conglomerates combine commercial banking, investment banking, and sometimes insurance. Such combinations were common in Europe but illegal in the United States prior to the passage of the Gramm-Leach-Bliley Act of 1999. The following are large investment banking firms (not listed above) that are affiliated with large financial institutions:[4]

• 🇳🇱 ABN AMRO[5]
• 🇮🇹 Banca Monte dei Paschi di Siena (MPS Capital Services)
• 🇧🇷 Banco Bradesco
• 🇪🇸 Banco Santander
• 🇨🇳 Bank of China (BOC International Holdings)
• 🇨🇳 Bank of Communications (BOCOM International Holdings)
• 🇪🇸 BBVA
• 🇩🇪 Berenberg Bank
• 🇨🇦 Canadian Imperial Bank of Commerce (CIBC World Markets)
• 🇨🇳 China CITIC Bank
• 🇨🇳 China Construction Bank (CCB International Holdings)
• 🇲🇾 CIMB
• 🇩🇪 Commerzbank
• 🇫🇷 Crédit Agricole
• 🇯🇵 Daiwa Securities
• 🇸🇬 DBS Bank (Capital Markets Group)
• 🇨🇦 Desjardins Group (Desjardins Capital Markets)
• 🇸🇪 Handelsbanken
• 🇮🇳 ICICI Bank
• 🇨🇳 Industrial and Commercial Bank of China (ICBC International Holdings)
• 🇳🇱 ING Group
• 🇮🇹 Intesa Sanpaolo (Banca IMI)
• 🇹🇷 İş Bankası (Is Investment)
• 🇧🇷 Itaú Unibanco (Itaú BBA)
• 🇧🇷 BTG Pactual
• 🇧🇪 KBC Bank
• 🇺🇸 KeyCorp (KeyBanc Capital Markets)
• 🇮🇳 Kotak Mahindra Bank
• 🇨🇦 Laurentian Bank of Canada (Laurentian Bank Securities)
• Lloyds Banking Group (Lloyds Bank Wholesale Banking & Markets)
• 🇺🇸 M&T Bank
• 🇦🇺 Macquarie Group
• 🇲🇾 Maybank
• 🇮🇹 Mediobanca
• 🇯🇵 Mizuho Financial Group
• 🇨🇦 National Bank of Canada (National Bank Financial Markets)
• 🇫🇷 Natixis
• 🇫🇮 Nordea
• 🇺🇸 PNC Financial Services (Harris Williams & Company)
• 🇳🇱 Rabobank
• 🇲🇾 RHB Bank
• /🇫🇷 Rothschild & Co
• 🇿🇦 Sanlam
• 🇷🇺 Sberbank
• 🇨🇦 Scotiabank (Scotia Capital)
• 🇸🇪 SEB
• 🇫🇷 Société Générale
• 🇿🇦 Standard Bank
• Standard Chartered Bank
• 🇮🇳 State Bank of India (SBI Capital Markets)
• 🇺🇸 Stifel Financial (Stifel Nicolaus)
• 🇯🇵 Sumitomo Mitsui Financial Group
• 🇺🇸 SunTrust (Robinson Humphrey)
• 🇨🇦 TD Securities
• 🇺🇸 Truist Financial
• 🇮🇹 UniCredit (UBM)
• 🇷🇺 VTB Bank (VTB Capital)

Private placement companies

Private placement agents, including companies that specialize in fundraising for private equity funds:<[6]<[7]

• Asante Capital
• Campbell Lutyens
• 🇺🇸 Probitas Partners
• Rede Partners

Other notable advisory and capital markets firms

The following is a list of other boutique advisory firms and capital markets firms that have some notability:

• 🇧🇪 BDO International (BDO Capital Advisors)
• 🇺🇸 Berkery, Noyes & Co
• RBC Brewin Dolphin
• 🇺🇸 Capital One (Capital One Securities)
• Deloitte (Deloitte Corporate Finance)
• 🇺🇸 Duff & Phelps
• Ernst & Young (Ernst & Young Capital Advisors)
• 🇳🇱 KPMG (KPMG Corporate Finance)
• PwC (PwC Corporate Finance)
• 🇺🇸 Roth MKM

Notable former investment banks and brokerages

The following are notable investment banking and brokerage firms that have been liquidated, acquired or merged and no longer operate under the same name.

See also

• List of private-equity firms
• List of investment banking private equity groups
• List of asset management firms
• Sovereign wealth fund
• List of exchange-traded funds
• Bulge bracket
• Boutique investment bank