Global investment banks' earnings might decline in 2016 due to low deal flow: JP Morgan

Global investment banks' earnings might decline in 2016 due to low deal flow: JP Morgan

A view of the exterior of the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. REUTERS/Mike Segar

Global investment banks’ earnings may decline this year, given a challenging credit trading environment and low level of deal flow, said JP Morgan Securities analysts, who cut their 2016 earnings estimate for investment banks by an average 20 percent.

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