JPMorgan y Santander lideran el mejor año del M&A desde 2006
Leer
JPMorgan and Santander have been leading the best year for M&A in Spain since 2006, according to latest data from Dealogic. The combined revenues from their advisory services in M&A transactions reached 566 million euros in the first nine months of 2026, representing a 63.4% increase and accounting for 51% of the total 1,100 million euros in commissions for all investment banking activities.
JPMorgan led the ranking with 63.4 million euros in commissions, while Santander followed closely in second place with 51 million euros. Both banks have been involved in the two largest M&A operations in Spain: Santander's acquisition of Webster for over 10.7 billion euros and JPMorgan's involvement in Webster's sale to Blackstone. Santander also advised on the sale of Cirsa to Lottomatica for 5.6 billion euros.
The M&A segment has seen a 19.5% growth in total investment banking commissions, with the exception of 2021. This growth has surpassed that of bond placements, stock market operations, and loans. In 2026, M&A generated 566 million euros in commissions, compared to 342 million euros for bonds, significantly impacting the overall revenue structure of banks.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
