The top municipal underwriters accounted for $219.57 billion in 6,084 transactions in the first half of 2021 compared to $191.87 billion in 5,181 deals in the first half of 2020.
BofA Securities led with $32.99 billion of deals, while Goldman Sachs jumped into the top five and Morgan Stanley moved up one spot from where it was at this point last year.
Out of the top five, BofA Securities, Morgan Stanley and Goldman were the only firms to increase market share year-over-year while five of the top 10 firms gained market share year-over-year.
Stifel Nicolas & Co. and Robert. W. Baird both moved into the top 10, while Piper Sandler & Co. and Barclays fell to 11th and 13th, respectively.
This article was originally published by Bondbuyer.com. Read the original article here.