The stand-alone investment bank is dead, but the investment banking business goes on. The industry pulled in $43.4 billion in revenue as of mid-September, according to data provider Dealogic. That’s down 32 percent from the same period a year earlier but still roughly on pace to equal the revenue of 2004 — hardly a recession year.

Recent consolidation, including Bank of America Corp.’s purchase of Merrill Lynch & Co. and Barclays’ acquisition of Lehman Brothers’ U.S. business, underscores the trend toward universal banking and will alter the rankings, but the league table still looks much like it did a decade ago, with JPMorgan Chase & Co. comfortably on top. JPMorgan boasts the broadest franchise, ranking first in debt and equity capital markets revenue and second in syndicated lending and M&A, behind Bank of America and Goldman, Sachs & Co., respectively.