Goldman Sachs leads in global M&A market share in record year for deals

January 10, 2022

Goldman Sachs (GS) takes No. 1 spot for advising on mergers and acquisitions for the fifth year in a row, grabbing a 24.1% market share in a year when global M&A deals topped $5T in volume for the first time, Bloomberg reports.

During the year, Goldman (NYSE:GS) advised on more than $1T worth of M&A deals. It took in more than $4B in fees for the first nine months of the year, beating out JPMorgan Chase (JPM) and Morgan Stanley (MS), according to the banks' filings. Bloomberg will update the fee total after banks disclose Q4 fees in later filings.

Rounding out the top five in M&A market share: JPMorgan (NYSE:JPM) gets a 21.2% share; Morgan Stanley (NYSE:MS) at 18.3%, Bank of America (BAC) at 12.0%; and Citigroup (C) stands at 10.4%.

Barclays (BCS), at 8.4% jumped to sixth place past European rival Credit Suisse (CS), 6.1%, while UBS Group ( UBS ) dropped out of the top 10.

Goldman (GS) also holds the top spot for listings advisers, with 6.7% of IPO market share globally, followed by Citigroup (NYSE:C) at 6.3%, Morgan Stanley (MS) at 5.8%, JPMorgan (JPM) at 5.7% and Bank of America (NYSE:BAC) at 4.9%.

China International Capital dropped out of the 10 largest IPO advisers, while Barclays (NYSE:BCS) rose to eighth place.

On the debt issuance side, JPMorgan (JPM) was the biggest underwriter for both investment-grade and high-yield offerings worldwide. Bank of America (BAC) took the top spot for underwriting leveraged loans in the U.S., the most active region globally, Bloomberg said.

The robust M&A activity in 2021 signals continued strong debt issues in 2022. 'The M&A force multiplier will be on display in the new year, with corporate acquisitions increasing corporate financings,' Thomas Sheehan, Bank of America 's (BAC) head of global investment banking, told Bloomberg. 'It's been a really blistering year for M&A activity and equity and leverage finance, all of which had record years.'

Another sign that M&A deals will continue the tear - private equity firms are raising record funds. Earlier this year, Carlyle Group (NASDAQ:CG) was reportedly seeking to raise a record $27B for its flagship private equity fund.

Over the current book year the total revenu from the company based in New York City will be 58.44 billion USD (consensus estimates). This is slightly more than 2021's revenue of 56.35 billion USD.

Historical revenues and results Goldman Sachs plus estimates 2021

The analysts expect for 2021 a net profit of 21.08 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 59.89 USD. The PE-ratio therefore is 6.64.

For this year most of the analysts expect a dividend of 6.61 USD per share. Goldman Sachs 's dividend yield thus equals 1.66 percent. The average dividend yield of the banks is a good 3.02 percent.

Goldman Sachs 's market capitalization is based on the number of outstanding shares around 138.07 billion USD. 39

On Friday the stock closed at 397.51 USD.

Historical stock prices Goldman Sachs

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