Goldman Sachs Group Inc and JPMorgan Chase & Co claimed the title of top mergers and acquisitions (M&A) financial advisor in the first quarter of 2023, according to separate deal league tables compiled by Refinitiv Deals Intelligence and Dealogic.
Refinitiv named JPMorgan as the top M&A advisor with $119.8 billion in deals compared to $115.4 billion for Goldman, while Dealogic gave Goldman the top spot with $120.5 billion in deals versus JPMorgan's $120.1 billion. Winning the top spot is a coveted prize for investment banks, which use league tables as a marketing tool to attract clients and talent.
The discrepancies in the rankings have led Goldman to ask Refinitiv for an explanation and JPMorgan to ask Dealogic. A spokesperson for ION Analytics, the parent company of Dealogic, declined to comment on the origin of the discrepancies.