European Investment Banks' Revenue Rebounds in September - Hedge Fund Alpha (formerly ValueWalk Premium)

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), Societe Generale SA (ADR) (OTCMKTS:SCGLY) (EPA:GLE), Bank of America Corp...

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