Investment Bank Fees Hit $84 Billion in 2010

NEW YORK ( TheStreet) -- Global investment banking fees totaled $84 billion in 2010, according to a New York Times.

JPMorgan Chase ( JPM) drew in the most cash from fees, according to Thompson Reuters' league tables. The bank pocketed $5.37 billion in 2010, the report stated.

Bank of America ( BAC) Merrill Lynch earned $4.76 billion, taking second place and Goldman Sachs ( GS), which topped league tables for M&A, took third place, grossing $4.4 billion.

Investment banking activity in the Financials and Energy & Power sectors drew in 46 percent of the global fee pool during 2010.

M&A advisory fees totaled $30 billion during full year 2010, up 27 percent from 2009, the report added.

--Written by Maria Woehr in New York.

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