Investment banks set to suffer despite strong markets

By Jasper Cox
07 Mar 2019

Markets have rallied in Europe and the US so far this year across equities and credit, but participants are feeling gloomy about the prospects for investment banks' revenues in the forthcoming first quarter results.

“Bullish momentum has yet to fade broadly, despite valuations in most markets having shifted from extremely cheap to fair and positions having turned from defensive to slightly pro-cyclical,” analysts at JP Morganwrote in a note at the beginning of this month.

However, this may not be enough ...

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