Browsing: Earnings

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Bernstein Research Q2 2018 Results Lowest Since 2013

07/30/2018
AllianceBernstein reported that Bernstein Research second quarter revenues fell 3% year over year and 7% sequentially to $106 million, its lowest quarterly revenues since 2013.  It estimated that research payment ...
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US Bulge Equities Revenues Up Nearly 20% Despite Easing From First Quarter Results

07/20/2018
Although the second quarter equities revenues of the largest US banks fell from the buoyant first quarter, they remained 19% above last year’s results.  Goldman Sachs was the sole outlier, ...
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Tricumen: Investment Bank Cash Equities Revenues Grew 33% In Q1 2018

06/12/2018
Investment bank cash equity revenues grew 33.3% from the prior year in the first quarter of 2018, according to Tricumen, a UK-based market intelligence provider specializing in investment banks.  Estimated ...
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RBC’s Q2 Equities Revenues Down 28%

06/05/2018
After an upbeat first quarter, Royal Bank of Canada’s equities revenues fell 28.3% for its fiscal quarter ending April 30, 2018 as market volatility dampened. Equity revenues were C$223 million ...
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Euromoney Expects Strategic Actions for Troubled BCA Research

05/18/2018
Euromoney Institutional Investor PLC, parent of BCA Research and Ned Davis Research (NDR), reported that revenues for its business unit which includes the two economic research firms were down nearly ...
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Rise of the Super Bulge: Growing Concentration in Equity Franchises

05/15/2018
Over the last five years, the top five equities franchises have gained share from the five next largest equities businesses as more market power has become concentrated into fewer firms. ...
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Cowen’s Brokerage Revenues Up 118% In Q1 2018

05/10/2018
Cowen Group, a mid-sized NY investment bank, reported doubling brokerage revenues over the last year, primarily reflecting its acquisition of Convergex.  More telling was the 10% sequential increase in revenues ...
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Q1 2018 Bulge Bank Equities Results: A Banner Quarter But Less So For Non-US Banks

05/08/2018
With all the major investment banks reporting, equities revenues for the largest investment banks fell grew 21% in the first quarter to $13.6 billion from $11.2 billion a year ago, ...
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Bernstein Research Blames MiFID II For Tepid Q1 2018 Results

05/03/2018
AllianceBernstein reported that Bernstein Research revenues increased 1% in the first quarter of 2018 from the previous year, citing unbundling as a negative influence on revenues. Bernstein Research posted $114 ...
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Evercore ISI Revenues Down 13% In Q1 2018

04/26/2018
Evercore blamed a “shrinking research wallet” for its first quarter 2018 fall in commission revenues, which were down 13.4% from last year’s first quarter and down 24% from the previous ...
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