Deals
Awkward: Goldman, Morgan Stanley Both Rush Podium for M&A Trophy
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Wondering which Wall Street firm is unequivocally the world’s top dealmaker? Maybe don’t ask a banker.
Once again, more than one of the industry’s leading firms is grabbing the trophy for the most successful. While announcing quarterly results this week, Morgan Stanley and Goldman Sachs Group Inc. both declared in press releases they’re this year’s No. 1 adviser of mergers and acquisitions. Same goes for arranging initial public offerings.