JPMorgan Beats Goldman in 2009 Investment Banking Despite LB’s “Nuclear-powered Balls”
Last men standing…
Funnily enough there’s a book called just that (nearly) about Jamie Dimon and JPMorgan’s rise to the top. Or ability to remain in one piece as their competition got swallowed up in the 2008-09 financial crisis. Which has led to, world domination…
Bloomberg: The world’s No. 1 investment bank in 2009 was JPMorgan Chase & Co., which took in $4.97 billion, a 16 percent increase over 2008, when it was also the leader. JPMorgan was also No. 1 in fees from equity and debt sales. Goldman Sachs Group Inc. was No. 2 in total fees and No. 1 in mergers and acquisitions, having advised drugmaker Schering-Plough Corp. on its completed $47 billion sale to Merck & Co., among other transactions.
There can’t be many people Lloyd Blanfein has reason to be envious in this world (can there?) but if there is one, Jamie Dimon must be that person. Looking at all the flack LB and Goldman have received in the last year (and continue to receive) and then looking at this result, LB must wonder sometimes how glory boy Dimon does it.
For the latest Goldman flack where you can read about those “nuclear-powered balls of Lloyd Blankfein”, we would direct you to Matt Taibbi’s latest piece: Wall Street’s Bailout Hustle in Rolling Stone.









