SAO PAULO—Goldman Sachs Group Inc., Morgan Stanley and Bank of America Merrill Lynch are regaining clout in Latin America’s largest economy as Brazilian companies opt to list shares in New York instead of on their local exchanges, Refinitiv data shows.
U.S. banks advised on 56 percent of Brazilian share offerings this year, the data shows, after trailing local banks last year with only 29.7 percent. That means American banks have grabbed a much higher portion of the $280 million in fees paid by Brazilian companies so far this year.
