Trading Floors ‘Quiet’ as Revenue Drops, JPMorgan Analysts SayBy
Analysts lower earnings estimates for biggest investment banks
FICC revenue to fall 12% on last year, equity trading down 28%
Quiet trading floors are set to depress global investment banks’ second-quarter revenue 24 percent, with the underwriting and equities businesses facing the biggest drops, according to analysts at JPMorgan Chase & Co.
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