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BUZZ-Investment bank revenues seen 13 pct lower in Q3: JPM

Mon, 29th Sep 2014 11:26

** Investment bank revenues in Q3 expected to be 13 pctlower than in the previous three months, according to forecastsby JPMorgan analysts.

** FICC revenue seen 17 pct lower Qtr/Qtr while revenue atequities & IB divisions forecast to be down 11 pct & 12 pctrespectively.

** The three months to end-September usually a quieterperiod for investment banks, though JPM says pick-up involatility in September and more deals being booked at the endof the quarter lifted volumes.

** Yr/Yr total IB revenues seen to be up just over 12percent in Q3, with IBD up almost 30 percent and FICC 12 percenthigher.

** Equities revenues are projected to be down around 4percent compared to a year earlier. (Reuters Messaging:clare.hutchison.thomsonreuters.com@reuters.net)

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