JPMorgan Downgrades Credit Suisse, Prefers U.S. Investment Banks
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Global investment banks are set for a 21 percent decline in revenue this year, with European lenders including Credit Suisse Group AG most at risk, according to analysts at JPMorgan Chase & Co.
Fixed income will decline 18 percent while revenue from equities will fall 16 percent compared with 2015, the analysts led by Kian Abouhossein said in a note to clients Tuesday.