JPMorgan surges in league tables

JPMorgan zoomed into the lead in the U.S. equity capital league table for the first quarter, Financial News Online notes. Last year, it was in sixth place. In mergers and acquisitions, it now ranks No. 2. Merrill Lynch came in second, while Deutsche Bank cracked the top three--it benefited from being the main underwriter for $3 billion convertible bond issue from US Bancorp. Indeed, the biggest deals in U.S. equity capital markets this year have all been convertible bonds as volatility has returned to stock markets. And what of Goldman Sachs, it fell from No. 1 to No. 6. In the U.S. and global M&A rankings, it still rules. All in all, JPMorgan seems to be faring well.

For more:
- here's the brief from Financial News