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Goldman leads Wall Street rainmakers in record dealmaking
Goldman's dominance comes as global M&A and related deals surpassed US$5 trillion in volume for the first time. The bank advised on more than US$1 trillion worth of deals, giving it a market share of more than 24 per cent, per data from Bloomberg.
The fees Goldman collected from that work — more than US$4 billion for the first 9 months of 2021 — easily topped the earnings of each of its closest rivals, JPMorgan Chase and Morgan Stanley, according to filings by the banks.
