Browsing: Earnings

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ITG Starts Exit of Research

ITG announced that it sold its energy research business to private equity firm Warburg Pincus for $120.5 million representing a gain of over $90 million. However, the move signals major ...
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Bulge Equities Revenues Up Year Over Year

With all the bulge-bracket banks reporting, third quarter equities revenues were up 7% year over year, rising from $10.1 billion in 2014 to $10.8 billion last quarter. Sequential equities revenues ...
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Aviate Global Reports 2015 Growth

Aviate Global, a UK-based institutional equity brokerage, recently reported that it grew 7% in the year ended March 2015. The sales oriented firm is headquartered in London with offices in ...
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Cowen Grows As Majors Focus On Their Best Clients

Cowen Group, a mid-sized NY investment bank, reported increasing brokerage revenues, partly reflecting its acquisition of prime broker Concept Capital. Cowen’s third quarter brokerage revenues were up 18% year over ...
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Deutsche Bank Reorganization Lowers Equities Revenues

Deutsche Bank’s equities business was down significantly for the third quarter as the bank is undertaking a sweeping reorganization eliminating 35,000 jobs. Although Deutsche is not exiting any of its ...
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Credit Suisse Restructuring Will Impact Equities

Credit Suisse reported equity sales and trading revenues in line with its major competitors, as it announced a strategic overhaul under its new CEO. Cash equities will remain a core ...
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US Bulge Equities Down In Third Quarter 2015

With all the major U.S. investment banks reporting, third quarter equities revenues for the U.S. bulge firms declined 7% sequentially versus the second quarter of 2015. Equities revenues were up ...
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London Expert Network Cognolink Grew 57% in 2014

Cognolink Ltd., a London-based expert network, grew its revenues by 57% in 2014, according to financial statements recently filed with the UK’s registrar of companies.  Much of the growth was ...
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Expert Network AlphaSights Grew 68% In 2014

If there were any doubts that the expert network segment is growing, they can be dispelled by the financials of London-based expert network AlphaSights Ltd. AlphaSights grew its UK revenues ...
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IHS’s Energy Businesses Continue to Struggle

Industry research firm IHS Inc. grew revenues 6% (3% excluding acquisitions) in the quarter ending August 31st despite shrinking demand for its energy industry information. In the Q&A after the ...
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