JPMorgan (JPM) and Evercore (EVR) have displaced Morgan Stanley (MS) as the main rivals to Goldman Sachs (GS) in the Wall Street business of dealmaking advice, Joshua Franklin and Sujeet Indap of The Financial Times reports. Last year, JPMorgan generated financial advisory fees of $3.29B while Evercore gained $2.45B and Morgan Stanley $2.38B.
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