JP Morgan is still the top corporate and financial bond underwriter through the first half of 2016, but overall fixed-income deal-making volume dropped from the same period in 2015, Bloomberg data show.
JP Morgan underwrote 710 deals worth more than $130 billion in the first half, accounting for nearly 6 percent of overall market share. Citi and Bank of America Merrill Lynch both were between $115 billion and $120 billion.
Most of the largest underwriters saw drops from their first-half market share totals in 2015, with gains realized by smaller entities. Morgan Stanley’s market share in corporate bond underwriting ...
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