A definitive breakdown of the gloomy state of Wall Street

A man outside the New York Stock Exchange on January 15 in New York City.Spencer Platt/Getty Images

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: