J.P. Morgan was the top middle-market investment bank in total deal value in 2017

J.P. Morgan (NYSE: JPM) completed $47.2 billion worth of transactions with price tags of $1 billion or less in 2017, making it the most active investment bank in the global middle market, as measured by total deal value, according to data compiled by Thomson Reuters and analyzed by Mergers & Acquisitions.

Coming in second place was Goldman Sachs & Co. (NYSE: GS), which closed $41.3 worth of middle market deals. Rounding out the top 5 middle-market investment banks by deal value were Morgan Stanley, Rothschild & Co. and Credit Suisse.

Click below to see the full table.

To see the ranking of investment banks by deal volume, click here for the article.

Editor’s Note: To measure activity in the middle market, Mergers & Acquisitions looks at transactions that fulfill several requirements: Deals must have a value of roughly $1 billion or less, or an undisclosed value; and they must be completed (not just announced) within the timeframe designated. For this ranking, we included deals throughout the world. Excluded from our charts are: recapitalizations; self-tenders; exchange offers; repurchases; stake purchases; and transactions with undisclosed buyers or sellers. The data provider is Thomson Reuters, which updates its databases continuously. We use the data available at press time. For this article, data was collected on Feb. 15, 2018.

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J.P. Morgan was the top middle-market investment bank in total deal value in 2017
Most Active Mid-Market Investment Banks by Value in 2017
Investment Bank Value ($bil)
JP Morgan 47.2
Goldman Sachs & Co 41.3
Morgan Stanley 41.1
Rothschild & Co 32.3
Credit Suisse 28.8
Citi 26.5
Barclays 26.3
Lazard 26.3
Bank of America Merrill Lynch 23.9
Jefferies LLC 18.9
Deutsche Bank 18.6
BNP Paribas SA 16.4
UBS 16.0
Evercore Partners 15.7
Moelis & Co 15.4
RBC Capital Markets 15.4
Houlihan Lokey 14.5
PricewaterhouseCoopers 11.9
CITIC 11.9
BMO Capital Markets 11.8
Ernst & Young LLP 11.4
Stifel/KBW 10.9
Nomura 10.7
TD Securities Inc 10.3
Macquarie Group 10.2
HSBC Holdings PLC 10.2
KPMG 9.5
Industrial & Comm Bank China 8.5
China Securities Co Ltd 8.1
Wells Fargo & Co 8.0
Piper Jaffray Cos 7.7
Sandler O'Neill Partners 7.4
Centerview Partners LLC 7.4
Robert W Baird & Co Inc 6.8
Haitong Securities Co Ltd 6.8
Raymond James Financial Inc 6.7
China International Capital Co 6.7
CIBC World Markets Inc 6.5
Deloitte 6.4
Daiwa Securities Group Inc 5.4
Credit Agricole CIB 5.2
National Bank of Canada Fin'l 5.1
China Merchants Securities Co 5.1
Sumitomo Mitsui Finl Grp Inc 4.9
Mediobanca 4.9
Guotai Junan Securities 4.6
Itau Unibanco 4.3
Stephens Inc 4.2
PNC Financial Services Group 4.0
Mizuho Financial Group 3.9
Greenhill & Co, LLC 3.7
Investec 3.5
SEB 3.3
KeyBanc Capital Markets Inc 3.2
William Blair & Co 3.2
GCA Corp 3.2
Banco BTG Pactual SA 3.2
CBRE Holding SAS 3.2
Standard Chartered PLC 3.1
Somerley 3.0
Cowen & Co 3.0
Huatai Securities Co Ltd 3.0
ING 2.9
Duff & Phelps 2.8
Scotiabank 2.7
Canaccord Genuity 2.7
Natixis 2.6
Societe Generale 2.5
GF Securities 2.5
Lincoln International 2.4
Needham & Co LLC 2.2
UniCredit 2.2
Plutus Consulting Co Ltd 2.2
IMAP 1.9
Numis 1.7
DA Davidson & Co Inc 1.7
Oaklins (FKA M&A Intl Inc) 1.6
Gram Capital 1.6
Cushman & Wakefield Inc 1.6
Clearwater International 1.5
BDO 1.5
Optima Capital Ltd 1.5
Hovde Group LLC 1.5
GMP Capital Corp 1.3
Guosen Securities Co Ltd 1.2
Jones Lang LaSalle Inc 1.1
Grant Thornton 1.0
Cormark Securities Inc 0.9
Alantra Partners SA 0.9
Kingston Corporate Finance Ltd 0.9
Veda Capital Ltd 0.8
Fig Partners LLC 0.6
Cenkos Securities PLC 0.6
Mitsubishi UFJ Financial Group 0.5
Liberum Capital 0.4
Generational Equity 0.3
Global M&A 0.3
Frontier Management Inc 0.3
finnCap Ltd 0.3
Clairfield International 0.2
Baker Tilly International 0.2
es Networks Co Ltd 0.1
Tokyo Financial Advisers 0.1
Kaede Group 0.0
Source: Thomson Reuters