Wall Street banks are grappling with the collapse in IPOs and issuance this year, a sharp reversal from the deals boom that drove results last year.
Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013.Here's what Wall Street expects:Revenue: $13.3 billion, 10% lower than a year earlierTrading: Equities $2.68 billion, Fixed Income $1.96 billion, according to StreetAccountHow is James Gorman's bank navigating increasingly choppy markets?
Wall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year, a sharp reversal from the deals boom that drove results last year. The slowdown was triggered by broad declines in financial assets, recession concerns and the Ukraine war.
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