One bank dominated Wall Street’s quarterly deal measuring contest

Gary Cohn, Lloyd Blankfein
Smile, fellas. It’s been a good start to 2015 for Goldman’s M&A division. Reuters/ Natalie Behring

Goldman Sachs is the leading M&A bank on Wall Street.

It’s pretty much indisputable: according to Dealogic data, Goldman leads league tables for the first half of 2015 in global M&A as well as deals in the US.

League tables are rankings of which banks do the most deals by dollar value and by number.

And no matter how you sliced it, Goldman had the most deals in the US and around the world (176 and 112, respectively). The deals the bank worked on also had more value than any of their competitors.

Morgan Stanley takes second place for global and US M&A and JP Morgan takes third place for both categories.

Technology was the one sector that saw a big shakeup for bank rankings. Earlier this year, Morgan Stanley was leading the pack. There’s even a boutique bank in the top 10 bank rankings, Centerview Partners earned the 9th spot in global and US M&A.

No longer: Credit Suisse tops Dealogic’s M&A rankings for global tech deals, barely edging out JP Morgan for the top slot. And JP Morgan took the top ranking for tech sector deals in the US.

And that’s a little weird. Goldman Sachs actually did more deals by number in the tech sector than any other bank. But what had Goldman bankers working on so many tech transactions?

League tables don’t count spin-offs until they have been completed — M&A is counted for league tables once deals are announced, and that’s a big difference.

Especially to Goldman. The bank advised on spinoffs coming later this year including PayPal’s separation from Ebay, Hewlett-Packard’s breakup and Alibaba’s spin-out from Yahoo!

And this could have Goldman leading bank rankings pretty much across the board once the mega-spin-outs have been tallied. Stay tuned.

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It’s been a monster year for M&A, and no bank has benefited from it more than Goldman Sachs. Citi

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