The 'new normal' for Wall Street
|01/06/2016||Posted by BusinessMediaguide.Com under General World News||
Investment bank revenues have been more or less flat for years, and it looks like they could stay that way for a while.
In a note Wednesday, JPMorgan’s Kian Abouhossein suggested the banks may have reached a “new normal” — and it’s right around the 2005-2006 revenue levels.
Abouhossein estimates that clean investment bank revenues — meaning equities, fixed income, and investment banking revenues, excluding writedowns and accounting adjustments — will total $136.8 billion in 2016.
He expects that will follow a total of $138.8 billion in 2015, and 2017 should be right in that ball park too.
By those estimates, it looks read more >>>
Source : BusinessInsider.Com