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:...
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