We review the March 19 2015 Oliver Wyman and Morgan Stanley report, “Wholesale & Investment Banking Outlook.” This report got a substantial amount of press – we wanted to see if it lived up to the hype. Our conclusions are that OW and MS discuss the current reality well and there isn’t that much new to advertise. The interesting parts are speculative and include a fair amount of consultant and analyst guesswork. We rate the realism of the estimates.
