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Wall Street Braces For An Ugly Earnings Season
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12 Jan 2019 12:34 AM EST

According to Business Insider, The stock market turmoil at the end of 2018 has taken a wrecking ball to Wall Street's fourth-quarter results. Big banks are expected to report painful fourth-quarter results following their dreadful December performances. It's a mixed bag between business lines, but investment banking revenues are expected to fall by 17% and trading revenues by 2.6%, according to Keefe, Bruyette, and Woods. Among the big banks, Citigroup is expected to suffer the most in trading overall, down 9.9%. Goldman Sachs is projected to feel the most pain in FICC with a 25% decline.

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