Goldman Sachs tops global M&A rankings with $1.48 trillion in deals

Goldman Sachs dominated global dealmaking in 2025, advising on deals worth $1.48 trillion. Mega-mergers surged, with a permissive regulatory climate fueling activity across sectors. JPMorgan led in overall investment banking fees. The race for Warner Bros Discovery significantly impacted rankings for several firms, highlighting the dynamic nature of the M&A landscape.