A definitive breakdown of the gloomy state on Wall Street

Don't be fooled.While Wall Street bank revenues appearedto bounce back in the first quarter of 2017, with banks posting strong results in fixed income trading in particular, industry-wide revenues were still down on the same period from2012 to 2015.According to data from industry consultant Coalition, investment bank revenues at the top 12 banks totaled $42.4 billion in the first quarter, up 14% from the previous year, but still down sharply on previous years.The data includes revenues for: Bank of America Merrill Lynch, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, Societe Generale and UBS.Have a look:Fixed income revenues rebounded in the first three months of the year, hitting $21.4 billion. Still, that's down from $34.7 billion in 2012.Credit and securitization trading revenues jumped, up 65% and 82% respectively. That helped offset weak revenues in foreign exchange and commodities.Equities revenues disappointed, falling 8% to $10.8 billion.See the rest of the story at Business Insider
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