What are Bulge Bracket Investment Banks?

Bulge Bracket Investment Banks Explained

While the term bulge bracket used to specifically refer to the first companies to be listed on a deal’s tombstone, it is no longer just used to describe the largest broker-dealers in an underwriting syndicate.

Bulge bracket is now a piece of Wall Street slang that is used generally to refer toΒ the biggest and most powerful investment banks worldwide. There is no real cutoff or selection process for investments banks to be considered bulge bracket, but rather it is just a colloquialism.

Bulge Bracket Investment Bank Examples

An handful of investment banks that are widely considered to be ‘bulge bracket‘ include Goldman Sachs, Morgan Stanley, Citi, UBS, and more.