Goldman Sachs was the top mergers and acquisitions (M&A) financial adviser in the financial services sector during the first quarter (Q1) of 2023 by both value and volume, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that Goldman Sachs achieved the top position by advising on nine deals worth $17.7 billion.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sachs registered growth in deal volume as well as value in Q1 2023 compared to Q1 2022. Resultantly, it was able to improve its ranking from sixth in terms of volume and fourth in terms of value to top the chart in Q1 2023.”
JP Morgan occupied the second spot in terms of value by advising on $11.5 billion worth of deals, followed by Bank of America with $9.3 billion, Truist Financial Corp with $9 billion and BMO Capital Markets with $8.3 billion.
Meanwhile, Evercore occupied the second position in terms of volume with nine deals, followed by Rothschild