Goldman Sachs just hit the $1 trillion mark for advisory work on mergers and acquisitions deals.
It is the fifth time the US investment bank has ever passed the milestone, according to Dealogic, an international financial software company.
The timing of it achieving Wall Street's equivalent of the platinum record is telling.
It took until December for Goldman to hit the magical $1 trillion mark last year.
This year, according to data from Dealogic, it didn't even take until September.
It's a sign of how much M&A has risen in the wake of the financial crisis. Until last year, when Goldman advised on $1 trillion worth of M&A, no bank had worked on $1 trillion worth of deals from the onset of the recession forward.
But now, as M&A in 2015 is closing in on all-time highs, Wall Street's biggest banks are getting an opportunity to make up for lost time.
According to Dealogic data provided to Business Insider, for 2015 JPMorgan ranks second for having advised on M&A with more than $800 billion worth of M&A; Morgan Stanley ranks third with more than $750 billion in M&A; Bank of America Merrill Lynch ranks fourth, having amassed $680 billion in transactions and Citigroup ranks fifth.
It should be no surprise given Goldman's performance so far this year. Goldman Sachs was Wall Street's top bank for deal-making for the first half of 2015, in the US and around the world.
As of today Goldman Sachs has advised on $1 trillion of global M&A deals (250 deals) in 2015; 2nd time it has done more than $1tr in a year
— Dealogic (@Dealogic) August 26, 2015Join the conversation about this story »
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