JPMorgan Tops Goldman in Investment Banking as Fees Swell 13%

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.