Bank of America and RBC Capital Markets have secured the top spot as the leading mergers and acquisitions financial advisers in the metals and mining sector for the first three quarters of 2024, according to the latest financial advisers league table by GlobalData.  

According to GlobalData’s Deals Database analysis, Bank of America secured the top spot by value, advising on deals worth $10.2bn.  

RBC Capital Markets led by volume, with involvement in eight deals.  

GlobalData lead analyst Aurojyoti Bose said: “RBC Capital Markets witnessed an improvement in the total volume of deals advised by it and consequently its ranking by volume took a significant leap from 51st position during Q1–Q3 2023 to the top position during Q1–Q3 2024. 

“Meanwhile, Bank of America went ahead from occupying the third position by value during Q1–Q3 2023 to top the chart during Q1–Q3 2024. Interestingly, despite registering a decline in the total value of deals advised by it, Bank of America was the only adviser to surpass the ten billion deal value mark during Q1–Q3 2024.” 

BMO Capital Markets followed closely in value, advising on transactions totalling $9.8bn, with JP Morgan at $5.5bn, Moelis & Company at $5.2bn, and Goldman Sachs rounding out the top five with $4.9bn. 

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In terms of deal volume, BMO Capital Markets also claimed the second position with seven deals, on par with Macquarie. Cormark Securities came next with six deals, while Bank of America also made the list with four transactions.  

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory company websites and other reliable sources available in the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.    

To ensure further robustness of the data, the company also seeks deal submissionsfrom leading advisers.