Here's what 5 investment banks are saying about Italy's referendum result

Markets are volatile but not in crisis after Italians voted to reject Prime Minister Matteo Renzi's constitutional reforms.

Renzi resigned after the defeat, sending the euro and Italian banks crashing in early trade, only for prices to recover shortly afterwards.

Investment banks' analysts and economist have been all over the referendum, sending out notes to clients on what the impacts of the vote will be.

Here is a selection: