Company Name

2005 Ranking

2004 Ranking

Merrill Lynch

1

4

Morgan Stanley

2

3

Goldman Sachs Securities

3

1

Citibank

4

2

JPMorgan

5

5

UBS Warburg

6

6

Deutsche Bank

7

8

Nomura Securities

8

10

Lehman Brothers

9

9

Credit Suisse

19

7