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Wall Street’s $86 Million Kinder Morgan Pay Day

Kinder Morgan
Source: kne.com
Kinder Morgan

Last week’s Kinder Morgan public offering was a fee bonanza for Wall Street. A total of nearly $86 million was paid out to the thirteen banks involved in the offering.

The co-lead underwriters—Goldman Sachs and Barclays Capital—each got $21,479,986 in fees, according to information from Capital IQ.

There were 11 other underwriters on the deal, who collectively took in nearly $43 million in fees. BofA Merrill Lynch,Citigroup, Credit Suisse,Deutsche Bank,JPMorgan, and Wells Fargo each raked in $6,014,394.90.

Madison Williams and Company, Morgan Keegan, Raymond James,RBC, and Simmons & Company took in $1,374,719.40 a piece.

My favorite part is the cents at the end of these figures.

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Companies mentioned in this post

Goldman Sachs

Barclays

Bank of America

Credit Suisse

Deutsche Bank

JPMorgan

Wells Fargo

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