Browsing: Earnings

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Cowen’s Equity Revenues Up 7% In 2016 Thanks To Acquisitions

02/21/2017
Cowen Group, a mid-sized NY investment bank, reported increasing brokerage revenues, partly reflecting its acquisition of CRT Capital’s fixed income business and new distribution arrangement with Washington Research Group. Cowen’s ...
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Despite Weak 2016 Equities Results, Société Générale Remains Bulge Contender

02/16/2017
Société Générale, a French universal bank, reported equity revenues of €2.1 billion (US$2.08 billion) in 2016, down 16.4% from €2.5 billion (US$2.49 billion) in 2015. Although the results are disappointing, ...
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FBR’s Equity Revenues Fall Despite MLV Acquisition

02/14/2017
Equities revenues for FBR & Co., a mid-market investment bank, have resumed their slide in spite of acquiring boutique bank MLV & Co.  The disappointing results are particularly frustrating for ...
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Evercore Sours On Equities Business Outlook As ISI Makes Small Gain In 2016

02/07/2017
Evercore acknowledged the difficulties facing research providers after Evercore ISI eked out a 1% gain in its top line revenues for 2016.  Evercore’s management is increasingly pessimistic about the equities ...
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Euromoney Says Asset Manager Cost Pressures Impacting Its Economic Research Businesses

01/26/2017
After saying in November that its economic research units BCA Research and Ned Davis Research “ended the year on a positive note with Q4 performance showing encouraging signs of returning ...
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US Bulge Bracket Equities Revenues Up 4% in Fourth Quarter

01/24/2017
Equities revenues for the five largest US investment banks increased 4% in aggregate in the fourth quarter of 2016 from the prior year, with all firms citing improved revenues from ...
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Evercore ISI Has Another Down Quarter Despite High Rankings

12/12/2016
Evercore ISI’s research franchise is stronger than ever, but the revenues aren’t following, reflecting the increasing difficulty in growing research-related revenues. Evercore ISI’s third quarter commission revenues of $53.5 million ...
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The Top Bulge Equity Franchises Gain Share As Investors Focus More

11/28/2016
Equity revenues for the top nine investment banks fell 10% sequentially and year over year in the third quarter.  The disparity between the top four equities franchises and the rest ...
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Euromoney’s Asset Management Unit Up 9% in 2016

11/24/2016
Euromoney Institutional Investor PLC, parent of BCA Research and Ned Davis Research (NDR), reported that revenues for the business unit including the two economic research firms were up 9% for ...
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Do Increased Downward Earnings Revisions Signal Worsening Markets Or Worsening Analysts?

11/21/2016
Earnings estimates have always had an optimistic bias, but lately the bias seems to have gotten worse, according to analysis from independent strategist Ned Davis Research.  Downward revisions in the ...
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