📉This brutal table spells bad news for Wall Street banks.
Credit Suisse has a new version of its CS Markets Index, which tracks trading revenues across Wall Street, and it is not a pretty sight for America’s top investment banks.
In a note out October 3, research analyst Susan Roth Katzke and her team set out their expectations for third quarter trading revenues, with Katzke and company forecasting a 15% to 20% decline year-over-year.
That echoes commentary from bank executives, with Citigroup CFO John Gerspach saying the bank was on pace for a 15% year-over-year decline in trading revenues. JPMorgan chief Jamie Dimon said the bank was on track for a 20% decline.
https://amp.businessinsider.com/credit-suisse-markets-index-bad-for-wall-street-banks-2017-10