JPMorgan: It’s a Tough Time to Be an Investment Bank

JPMorgan’s Kian Abouhossein and team argue that it’s a difficult time for investment banks like Goldman Sachs (GS) and Morgan Stanley (MS). They explain why: Brendan McDermid/Reuters We believe 4Q15E IB revenue performance has been mixed so far, with October holding up relatively well but November seeing a slowdown in flow run-rate in Equities & […]