Morgan Stanley and Stifel/KBW have secured the top spot as financial advisers for mergers and acquisitions (M&A) in the financial services sector by value and volume, respectively, in the first three quarters of 2024, according to the latest financial advisers league table by GlobalData. 

According to GlobalData’s Deals Database analysis, Morgan Stanley advised on deals worth around $65bn, topping the value ranking. Stifel/KBW led by volume with 27 deals.

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GlobalData lead analyst Aurojyoti Bose said: “Both Morgan Stanley and Stifel/KBW registered growth in the total value and volume of deals advised by them, respectively, during Q1-Q3 2024 compared to Q1-Q3 2023.

“In fact, Morgan Stanley registered more than a five-fold jump in value of the deals it advised. Resultantly, its ranking by value improved from fifth position during Q1-Q3 2023 to the top position during Q1-Q3 2024. Meanwhile, Stifel/KBW went ahead from occupying the seventh position by volume during Q1-Q3 2023 to top the chart by this metric during Q1-Q3 2024.”

Barclays was positioned second by value, advising on deals amounting to $49.22bn. Goldman Sachs and JP Morgan followed, with $45.93bn and $43.58bn in advised deals, respectively.

PJT Partners rounded out the top five, advising on $36.1bn worth of transactions.

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In terms of deal volume, Goldman Sachs occupied the second spot with 23 deals, matching the count of Piper Sandler whose deal size was relatively lower.

JP Morgan and Raymond James Financial were close behind in the volume chart, with  advisory on 21 deals each.

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory company websites and other reliable sources available in the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.​   

To ensure further robustness of the data, the company also seeks deal submissions  from leading advisers.