BMO Capital Markets was the top financial adviser for metals and mining sector mergers and acquisitions (M&A) during the first quarter of 2026 (Q1 2026), both in terms of deal value and volume, based on a league table from data analytics company GlobalData.
According to GlobalData’s Financial Deals Database, BMO Capital Markets provided advisory services for five transactions totalling $8.7bn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
In terms of deal value, RBC Capital Markets ranked second, advising on transactions worth $7bn.
Morgan Stanley came next with $5.6bn, while Bank of Nova Scotia and National Bank of Canada completed the top five with $5.5bn and $4.4bn, respectively.
Regarding volume, Moelis & Company secured second position by advising on three deals.
RBC Capital Markets, Morgan Stanley and Bank of Nova Scotia each handled two deals.
GlobalData lead analyst Aurojyoti Bose said: “There was an improvement in the total number of deals advised by BMO Capital Markets during Q1 2026 compared to Q1 2025. Resultantly, it went ahead from occupying the 28th position by volume in Q1 2025 to top the chart by this metric in Q1 2026.
“Similarly, in value ranking also, it was not among the top ten in Q1 2025 but went ahead to lead in Q1 2026. The involvement in two billion-dollar deals during Q1 2026 helped BMO Capital Markets to top the chart by value.”
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available in the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
To ensure further robustness of the data, the company also seeks submissions of deals from leading advisers.
