JPMorgan predicts fall in investment banking revenue

Revenue from investment banking will tumble during the second quarter from a year earlier, according to a JPMorgan analysis of top firms.

Bloomberg News reports that after a normal April, May is proving weak for revenue from fixed income, currencies and commodities when allowing for seasonal differences, analysts led by Kian Abouhossein said in a note to clients Tuesday.

Equities are outperforming due to strong derivatives, benefiting firms such as Societe Generale, UBS, and Morgan Stanley, the note said.

'We are witnessing a slowdown in investment banking revenues in the second quarter of 2015, potentially more than normal seasonality, driven by weakness in rates following a strong first-quarter 2015 performance', the analysts wrote.

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

JPMorgan Sees Investment Bank Revenue Falling at Global Lenders

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