Boeing Bankers Grab Up to $300 Million in Capital Raise Fees (1)

Boeing Co.’s $20 billion-plus capital raise delivered four banks a hefty payday just as equity market issuance began to cool ahead of the US election.

Goldman Sachs Group Inc., Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. are each expected to earn as much as $75 million for their roles as lead joint bookrunners on the equity raise, based on the Boeing’s filings with the US Securities and Exchange Commission. That accounts for close to 80% of the total fee pool being shared by the roughly 20 banks that worked on the deal.

Boeing ...