According to a recent report, JPMorgan Chase & Co and Goldman Sachs Group are the largest investment banks in the world by revenue with $54.2 and $50.4 billion.

Investment banks are the financial institutions that help an individual, governments, and companies to issue bonds and other stocks and securities.

An investment bank also offers other services such as:

  1. Sales and trading
  2. Investment
  3. Lending
  4. Asset Management, etc.

List Of 20 Largest Investment Banks In The World By Revenue

Here is the list of the 20 banks that make more investment income every year. Go through the whole table to get your answer. All the numbers given in the table are in $billion.

RankBankCountryInvestment BankingSales and TradingInvestment Management Lending Total Investment Income
1JPMorgan Chase & CoUSA$6.5$22$17.5$8.2$54.2
2Goldman Sache USA$11.7$25.3$7.2$6.2$50.4
3BofA Securities USA22.3No Info20No Info42.3
4Barclays PLC UK8.313.63.115.340.3
5Morgan StanleyUSA7.5177839.5
6UBS Switzerland26.34.95.1No Info36.3
7BNP ParibasFrance13.520.5No InfoNo Info34
8HSBC HoldingsUK17.4No Info12.5No Info29.9
9Bank of America Merrill LynchUSA6.215.16.1No Info27.4
10Citigroup USA6.443.712.226.3
11Credit Suisse GroupSwitzerland8.88.44.2No Info21.4
12Mitsubishi UFJ Financial GroupJapan7.113.5No InfoNo Info20.6
13Deutsche BankGermany11.342.6No Info17.9
14Wells FargoUSA12No Info4.3No Info16.3
15Royal Bank of CanadaCanada 2.7No Info3.3713
16Nomura Holdings Inc Japan3.1No InfoNo Info7.510.6
17Jefferies Grope LLCUSA3.53.4No InfoNo Info6.9
18Mizuho Financial GroupJapan5.51.2No InfoNo Info6.7
19Bank of MontrealCanada1.7No InfoNo Info2.84.5
20Lazard LimitedUK2.7No Info1.7No Info4.4

Top Largest Investment Banks By Investment Banking Fees

Banking fees or investment banking fees are the combinations of different services such as debt issuance, equity issuance, mergers or acquisitions, etc.

Here are the top investment banks by investment banking fees by a very recent report.

Goldman Sachs

One of the world’s top leading and largest investment banks in the world by revenue and investment banking fees. The institution makes a revenue of $7.5 billion as per the record in 2021.

JPMorgan Chase

Another leading company that is the most massive bank in the USA by assets, revenue, and market capitalization.

The company makes a revenue of $7.3 billion from investment banking fees, thus securing the second position in investment banking fees.

JPMorgan Chase is also known for its highest number of deposits and market capitalizations.

Morgan Stanley

A USA-based bank that make a revenue of $6.6 billion in 2021 from investment banking fees. The bank also makes the highest revenue every year.

Bank Of America

Securing the 4th position in the list of the largest banks by investment banking fees that make a revenue of $6.2 billion in 2021.

The bank is also listed as one of the safe banks in the United States and the most massive bank in the world by the number of employees and locations across the globe.


One of the leading companies based in the USA, which is also listed as one of the biggest financial institutions in the USA. The bank make a revenue of $5 billion in 2021 through investment banking fees.

Factors That Affect Investment Banking

There are many factors that can seriously affect an investment banking performance. Some of the most important factors that affect a company’s performance are the following:

  1. Market Conditions such as during a recession or downfall of economic condition
  2. Changing the regulations that can affect the fees of a service
  3. A political event such as the implementation of a law or change in a government policy seriously affects investment banking in terms of tax or excess expense
  4. Advancement in technology also affects the investment banking
  5. There will also be competition, and the firm that offers high-quality service along with reasonable fees will win the game