When it comes to the lucrative business of advising corporations on buying rivals or selling themselves, it pays to be the leader.
So it’s not surprising, perhaps, that three of Wall Street’s biggest banks all claimed to be the best dealmaker in the first quarter. Goldman Sachs Group Inc. and Morgan Stanley each touted their No. 1 position this week atop their earnings statements. JPMorgan Chase & Co. made the point last week in a slide titled “select leadership positions.”