BofA leads top underwriters
1 min read
BofA Securities was the top underwriter for Q1-Q3 by a wide margin for both negotiated and competitive underwriting.
Overall, the top underwriters saw minor shuffling in the first three quarters and no new firms entered the top 10.
Stifel Nicolaus underwrote the most deals in the third quarter of the year, followed by Raymond James.
For negotiating underwriting, Stifel Nicolaus participated in the most deals, while Baird underwrote the most deals for competitive underwriting.
BofA Securities had the largest market share in Q3, with its par amount more than double that of No. 2, Morgan Stanley.
BofA Securities has remained the top underwriter for many years, gaining a foothold as No. 1 as Citi fell in the rankings.
