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Morgan Stanley and Stifel/KBW have led the mergers and acquisitions (M&A) rankings for financial advisers, in terms of value and volume respectively, in the financial services sector for 2024, according to the latest league table from GlobalData, a data and analytics firm.
An analysis of GlobalData’s Deals Database found Morgan Stanley securing the top spot by advising on deals worth $96bn, while Stifel/KBW led in deal volume with 37 transactions.
Goldman Sachs took the second place in the value rankings, having advised on deals totalling $75.8bn.
JP Morgan was ranked third by value with $68.8bn worth of deals, followed by Barclays with deals amounting to $66.3bn, and Royal Bank of Canada with $52.4bn in advised deal value.
In terms of deal volume, Goldman Sachs took the second spot with 32 deals.
Both JP Morgan and UBS advised on 29 transactions, while Evercore advised on 28 deals.
GlobalData lead analyst Aurojyoti Bose said: “Morgan Stanley saw a remarkable seven-fold increase in the total value of deals it advised on in 2024, compared to the previous year due to the involvement in big-ticket deals.
“Resultantly, its ranking by value took a leap from ninth position to the top position. During 2024, the US-based firm advised on nine billion-dollar deals that also included three mega deals valued more than $10bn.
“Similarly, Stifel/KBW registered improvement in the total number of deals advised by it during 2024 compared to 2023. Its ranking by volume improved from sixth position in 2023 to the top spot in 2024.”
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
To ensure further robustness to the data, the company also seeks submissions of deals from leading advisers.
"Morgan Stanley, Stifel/KBW lead 2024 M&A financial adviser rankings in financial services sector" was originally created and published by Retail Banker International, a GlobalData owned brand.
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