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BUZZ-Investment bank revenues seen 13 pct lower in Q3: JPM

Reuters - UK Focus

** Investment bank revenues in Q3 expected to be 13 pct lower than in the previous three months, according to forecasts by JPMorgan analysts.

** FICC revenue seen 17 pct lower Qtr/Qtr while revenue at equities & IB divisions forecast to be down 11 pct & 12 pct respectively.

** The three months to end-September usually a quieter period for investment banks, though JPM says pick-up in volatility in September and more deals being booked at the end of the quarter lifted volumes.

** Yr/Yr total IB revenues seen to be up just over 12 percent in Q3, with IBD up almost 30 percent and FICC 12 percent higher.

** Equities revenues are projected to be down around 4 percent compared to a year earlier. (Reuters Messaging: clare.hutchison.thomsonreuters.com@reuters.net)