Global investment banks are likely to post a strong start to the year when they begin reporting first-quarter numbers this week, according to analysts at S&P Global Ratings.

In a note published on April 12, the ratings agency said its base-case projection is for investment banks’ revenues for the first three months of 2017 will be about 10% ahead of where they stood a year earlier - and that 2017 as a whole will see growth of about 5%.