Reuters
- US banks JPMorgan and Goldman Sachs were the leading financial advisers on acquisition deals in the first half of 2020, according to the latest survey from GlobalData.
- The banking titans secured the top spots on the basis of the value and volume of the deals they advised on.
- "Both banks were involved in some big-ticket deals, however, involvement in two megadeals (>$10 billion) mainly helped JP Morgan top the list by value," one analyst said.
- JPMorgan delivered a solid second-quarter performance thanks to surging trading revenue. Goldman Sachs lowered its previously stated profit by 91% after taking a nearly $4 billion hit from the 1MDB scandal.
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JPMorgan and Goldman Sachs were the leading financial advisers on mergers and acquisitions in the US in the first six months of the year, according to data compiled by analytics firm GlobalData.
The two banks secured those top spots based on the value and volume of the deals they advised on.
See the rest of the story at Business Insider
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