Better macro and credit markets, weak equities volumes and a slow recovery in capital markets activity will bring a mixed bag of third-quarter results for global investment banks in the imminent the earnings season, according to analysts at Macquarie Research.
In an October 12 note titled Global investment banks: How was your summer?, Macquarie analysts including London-based Piers Brown and Vardhman Jain wrote: "Depending on which global investment bank you ask, their summer was either modestly slow and a typical third quarter or highly stressful."
