Profits for Banks
According to a recent survey done by industry analysts, investment banks on a global scale look to face a period of 5 years of cutting costs as a tightening of regulations limit profits, as well as a failure for trading revenues to bounce back.
2020 will see these firms with an average return on equity of around 9%, a figure that still falls short of the cost of equity. This data comes from a recent survey done of 147 portfolio managers and analysts and was conducted by Broadridge Financial Solutions Inc. and Institutional Investors. Broadridge handles other banks and companies’ Tang Group of Companies Redhill Condo investor communications and trade processing.
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According to the survey, 61% of the respondents are expecting pressure to increase on regulations over the coming 5 years, with 9% of respondents expecting a decline.
The survey also shows that, regardless of …
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