European Investment Banks’ Revenue Rebounds in September

UBS AG (NYSE:UBS) analysts Daniele Brupbacher, John-Paul Crutchley and Mate Nemes see a slightly optimistic picture for revenue at investment banks during September 2013.

Q3 outlook for revenue

However, despite the improvement in September, Q3 is likely to be a weak quarter for investment banks.

Segment-wise revenue trends forecast for Q3 are summarized below:

FICC: -19% (y/y), -11% (q/q)

Equities: +5% (y/y), -20% (q/q)

IBD: -4% (y/y), -16% (q/q)

(Banks included: Barclays PLC (NYSE:BCS) (LON:BARC), Credit Suisse Group AG (NYSE:CS), Deutsche Bank AG (NYSE:DB) (ETR:DBK), BNP PARIBAS (BIT:BNP) (EPA:BNP) (OTCMKTS:BNPQY),...