It was the strongest period for mega deals, by number, since LSEG records began in 1980. Calling 2025 an "exceptional M&A year," Goldman's global co-head of M&A Stephan Feldgoise told clients "it was an extraordinary M&A market," with activity driven by a "ubiquity of capital," according to the investment bank's 2026 M&A outlook. Goldman ranked number one in two key areas: M&A fee revenue and overall value of the deals it worked on, gaining market share in both areas. In terms of volume of deals, Goldman, JPMorgan and Morgan Stanley held the first, second and third spots, respectively, followed by Bank of America and Citi. Whether they stay at their current rankings could depend on who wins the Warner Bros bid.

Source: The Edge Markets January 07, 2026 07:32 UTC