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.

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.