jpmorgan chase  co and goldman sachs group inc held on to their onetwo rankings in investment banking revenue in 2022 while bank of america corp pushed its way into the third slot in a year of shrinking business according to dealogic all told the top 10 investment banks on wall street booked 564 billion in revenue in 2022 as of sept 14 down nearly 39 from 92 billion in 2021 as of the same date and about 8 lower than 2020’s tally of 613 billion the figures reveal the shrinking investment banking revenue that may force wall street firms to impose layoffs this year as the business lags from a lack of initial public offerings and other capital raising activities also read jpmorgan exec sees roughly 50 chance of ‘mild’ recession and eyes chance to hire laidoff bankers with the pie now smaller than last year market share by the four major components of investment banking has changed mergers and acquisitions which have remained fairly healthy this year now comprises 45 of all investment banking revenue up from about 32 in 2021 equity capital markets now comprises about 15 of investment banking revenue down from nearly 28 in 2021 debt capital markets revenue has remained stable with 25 revenue share in both 2022 and 2021 while syndicated lending also remained steady at about 15 jpmorgan chase jpm has drawn in 455 billion of investment banking fees yeartodate as of sept 14 down from 852 billion in 2021 and the yearago period and 586 billion in 2020 as of the same date see chart goldman sachs gs has tallied 42 billion in yeartodate investment banking revenue down from 81 billion in 2021 and 49 billion in 2020 bofa securities the investment banking arm of bank of america bac  moved into no 3 from the fourth slot with yeartodate investment banking revenue of 349 billion down from 57 billion in 2021 and 426 billion in 2020 morgan stanley ms ranks fourth with investment banking revenue of just under 3 billion in 2022 down from 53 billion in 2021 and 395 billion in 2020 all as of sept 14 citigroup inc c remains in fifth place overall in 2022 with 236 billion in investment banking revenue down from 459 billion in 2021 and 33 billion in 2020 also read bank ceo are heading to capitol hill this week for their annual grilling ceos also read fed to put a ‘firm foot on the brake pedal’ this week