LONDON (Reuters) - Fees earned for global investment banking services rose 3 percent in the first nine months of 2013 from a year ago, according to Thomson Reuters data.
Fees from services ranging from mergers and acquisitions advisory to capital markets underwriting, earned investment banks a total of $56.8 billion in the nine-month period.
JPMorgan retained its top ranking in the investment banking league table, taking in $4.4 billion in fees or 7.8 percent of the total. Second-place Bank of America Merrill Lynch
The third quarter, however, was the slowest for fees since 2009, according to the data. Fees totaled $15.7 billion, 24 percent lower than the previous three months.
For the full nine-months, fees in the Americas were 7 percent up on the same period last year at $32.5 billion. In Europe and Africa and the Middle East fees rose 2 percent and 9 percent respectively. Asia Pacific saw fees down 8 percent.
Fees from debt capital markets transactions accounted for 31 percent of the total, a modest rise versus the previous year. Equity capital markets saw fees climb 20 percent year-on-year, while fees from merger and acquisition deals fell 16 percent.
(For a full breakdown of first quarter fee estimates, click: http://dmi.thomsonreuters.com/Content/Files/3Q2013_Global_IB_Review.pdf)
(Reporting by Clare Hutchison; Editing by Elaine Hardcastle)