In 2025, the global investment banking sector continues to be dominated by established giants from the United States and strong European contenders. While U.S. banks maintain a leading share of the market, European banks are gaining momentum in their regional markets through strategic growth and diversification.
Leading Global Investment Banks
- JPMorgan Chase & Co. (USA)
JPMorgan remains the largest investment bank worldwide by revenue. In recent years, it has experienced substantial growth driven by increased activity across mergers and acquisitions, equity capital markets, and debt capital markets. - Goldman Sachs (USA)
Goldman Sachs holds the second position globally, benefiting from strong equity and debt underwriting performance. The bank has shown consistent revenue growth and innovation in financial services. - Bank of America Securities (USA)
Bank of America has seen notable increases in advisory and capital markets revenue, strengthening its position as a top-tier investment bank. - Morgan Stanley (USA)
Morgan Stanley’s investment banking division rebounded with increased revenues fueled by M&A and capital markets activity. - Citigroup (USA)
Citigroup continues to expand its investment banking revenues through corporate debt issuance and a resurgence in merger and acquisition transactions.
Top European Investment Banks 
- Barclays (UK)
Barclays has increased its investment banking income significantly, especially in fixed income trading, outpacing many competitors. - Deutsche Bank (Germany)
Deutsche Bank leverages its advisory and capital markets services to maintain a strong presence in the global investment banking arena. - UBS Group AG (Switzerland)
Following its acquisition of Credit Suisse, UBS has reinforced its position with a focus on sustainable finance and wealth management. - BNP Paribas (France)
BNP Paribas is actively involved in financing green and sustainable projects, making it a leader in ESG-related investments. - Santander (Spain)
Santander is expanding its investment banking reach, particularly in the U.S., focusing on digital infrastructure and sustainability sectors.
Conclusion
The investment banking landscape in 2025 is marked by robust performances from both American and European institutions. U.S. banks continue to dominate globally, but European firms are gaining ground by capitalizing on regional opportunities and sustainability trends. The industry remains dynamic, with banks adapting to evolving market demands and economic conditions.
