Merrill of America Merger Creates #1 Equity/Debt Underwriter

NEW YORK (Reuters) – Bank of America’s acquisition of Merrill Lynch creates the No. 1 underwriter of global debt and equity securities, bumping off JPMorgan from the top spot, according to Thomson Reuters data.

Banc of America Securities and Merrill Lynch underwrote $45.6 billion in equity worldwide year to date, compared to $39.7 billion for JPMorgan Chase. The two underwrote $331 billion of global debt, versus $325 billion for JPMorgan.

Bank of America and Merrill also move into second place for global syndicated lending, with $141.8 billion in loans, replacing Citigroup, now in third place with $132.1 billion. JPMorgan remains first in global syndicated lending at $234.6 billion, according to Thomson Reuters data.

(Reporting by Dena Aubin)