UBS and Deutsche preferred by JPMorgan

JPMorgan still

UBS and Deutsche Bank are the investment banks most preferred by JPMorgan analysts as they see them best able to handle litigation charges growing out of regulatory investigations.

Bloomberg News reports that equity analysts led by Kian Abouhossein estimate revenue from trading debt to be 8.2% higher for the fourth quarter compared with the same period a year earlier for eight banks they covered in a note to clients today. Revenue from trading stocks will fall 9.2%, they estimate.

“The IB revenue environment in the fourth quarter 2014 has been tricky so far in our view,” the analysts said. “We expect a slightly more seasonal trend.”

UBS, the world’s biggest wealth manager, has “material dividend payout potential” with a high capital ratio, a measure of financial strength, the analysts said. Both UBS and Deutsche Bank can digest large litigation expenses without seeing their capital levels fall too low.

To access the complete Bloomberg News article hit the link below:

UBS, Deutsche Bank Are JPMorgan’s Favored Securities Firms

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