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&lt;p&gt;In 2010, JPMorgan booked $4.14 billion in investment banking fee revenue, more than any other bank.&lt;/p&gt;&lt;p&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/dloos/folders/Jing/media/81781ea8-2ef8-4e83-83b2-f56ca2d10ca2/00000256.png&quot; border=&quot;0&quot; alt=&quot;&quot; width=&quot;332&quot; height=&quot;298&quot; align=&quot;left&quot;&gt;Coming in second place, behind JPMorgan, was Morgan Stanley, which earned $3.67 billion. Goldman Sachs slipped a spot to third, with $3.60 billion in total fees.&lt;/p&gt;&lt;p&gt;Across Wall Street, investment banking fees rose 6 percent last year to $49.1 billion (still far short of the $86.9 billion banks booked in pre-financial crisis 2007) largely due to the surge in government-backed deals (a.k.a. governments ditching their holdings in banks that they bailed out the previous two years).&lt;/p&gt;&lt;p&gt;Specifically, M&amp;amp;A had a good year, as deal volume increased 27 percent to $2.2 trillion and fees rose 23 percent to $17.9 billion. Bond deals and IPOs, meanwhile, fell considerably, both in volume and fees versus 2009.&lt;/p&gt;&lt;p&gt;Big deals in 2010 came from a variety of sources. According to Jes Staley, JPMorgan&#39;s investment banking CEO and front-runner to takeover the reins if and when Jamie Dimon ever decides to pack it in, &quot;Three of the five largest markets last year in terms of IPOs were Honk Kong at $57 billion, Shenzhen at $47 billion and Shanghai at $27 billion.&quot;&lt;/p&gt;&lt;p&gt;There were also several big deals right here. According to Bloomberg, &quot;Outside Asia, the U.S. Treasury was one of the most important customers for Wall Street last year, selling stock it acquired during the 2008 to 2009 financial meltdown in a long list of companies&quot; such as AIG, Ally Financial (the former GMAC), Citigroup, and General Motors -- whose IPO was a boon for sole underwriter Morgan Stanley.&lt;/p&gt;&lt;p&gt;According to Paul Taubman, co-president of institutional securities at Morgan Stanley, &quot;The General Motors deal was important for the economy; it was important for the markets. It was a defining moment last year in many respects. It was increased in size; it was increased in price; it traded well in the aftermarket.&quot;&lt;/p&gt;&lt;p&gt;It also helped boost Morgan Stanley&#39;s earnings and helped propel it over its main rival.&lt;/p&gt;&lt;p&gt;&quot;Profits from continuing operations in [Morgan Stanley&#39;s institutional securities] unit, including trading, more than doubled to $3.75 billion last year from $1.39 billion in 2009.&quot; And &quot;the firm generated higher investment banking revenue in the fourth quarter than Goldman Sachs.&quot;&lt;/p&gt;&lt;p&gt;(Bloomberg)&lt;/p&gt;

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