Top muni underwriters of 2019

The top muni underwriters accounted for $406.51 billion in 10,582 transactions in 2019 compared to $320.35 billion in 8,549 deals in 2018. There was only one change in the top five year-over-year but spots six through 10 saw three changes. Barclays and Stifel both had big improvments in the rankings, while Raymond James dropped the most.

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Bank of America Securities extends lead
Bank of America Securities finished comfortably in first place with a total of $63.08 billion in 461 transactions, compared to its total of $48.64 billion in 448 deals in 2018. The firm's market share also slightly increased during that same, to 15.5% from 15.2%.
Citi stays in second
Citi remained in second place with $44.12 billion compared with $41.20 billion the year before. The firm saw its market share shrink to 10.9% from 12.9%.
Morgan Stanley moves up one spot
Morgan Stanley moved up one spot year-over-year to third from fourth, as the firm accounted for $42.20 billion, or 10.4%, market share. That compares to $26.87 billion and 8.4% market share in 2018.
JPM falls one spot
JP Morgan saw its ranking and marking share drop from where it was a year ago. The firm totaled $36.2 billion and 8.9% market share in 2019, versus $31.9 billion and 10% market share in 2018.
RBC remains in fifth
RBC Capital Markets stayed steady and once again rounds out the top five. The firm finished with $26.05 billion and a 6.4% market share , compared to $20.83 billion and 6.5% market share in 2018.
Rest of the best
Rounding out the top 10 are: Goldman Sachs with $21.65 billion; Wells Fargo with $18.27 billion; Stifel made the biggest jump in the rankings to eighth from 11th with $16.26 billion; Barclays also made a big jump to ninth from 13th place with $15.49 billion; And Raymond James suffered the biggest fall in the rankings, dropping to 10th from eighth with $14.36 billion.
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