Wall Street Braces for Woeful Quarter

The first quarter of 2016 poses challenges for investment banks due to a slump in trading and M&A deals. Goldman Sachs and other major banks are expecting significant revenue drops, with IPOs being the hardest hit. Despite the downturn, there are signs of recovery, particularly in March, with positive movements in the high yield segment. The market remains volatile, making future predictions uncertain.

What are the expected declines in revenue for Bank of America and Credit Suisse?

What signs indicate a potential recovery in the markets as mentioned in the text?