Early indications point to a pretty good start for I-banking in 2014, with several management teams upbeat regarding pipelines and backlogs, notes Jefferies in its recent report.
Ken Usdin and team at Jefferies, however, believe 2014 could be another tough year for FICC.
Strong I-banking and trading revenues
The Jefferies analysts analyzed 4Q13 and full-year 2013 investment banking and trading results of Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM), the domestic brokers Goldman Sachs Group Inc (NYSE:GS) and Morgan Stanley (NYSE:MS) and bulge bracket European peers Barclays PLC (NYSE:BCS) (LON:BARC), Credit Suisse Group AG (ADR) (NYSE:CS), Deutsche Bank AG (NYSE:DB) (ETR:DBK) and UBS AG (NYSE:UBS).
The analysts point out total I-banking and trading revenues were strongest for UBS AG (NYSE:UBS),...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
