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A man outside the New York Stock Exchange on January 15 in New York City.
Don't be fooled by the strong rebound in Wall Street trading revenues at the end of 2016: Investment banks still had a lousy year.
According to new data from Coalition, 2016 revenues at the 12 largest investment banks in the world fell 3% last year, making for a fourth consecutive decrease in revenues.
One bright spot was fixed income, currencies, and commodities revenues, which were up 9%. Still, that couldn't offset a weak performance in equities and investment banking.
Have a look: