Browsing: Earnings

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Jefferies Equities Revenues Stay in Holding Pattern

Jefferies Group LLC, the investment-banking unit of the newly rebranded Jefferies Financial Group (formerly Leucadia National Corp), reported equities revenues on a par with the previous year, although an improvement ...
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Redburn Revenues Fell 8% in Year Ended March 2018

Redburn, one of the largest independent research firms, experienced declining revenues for the first time since its founding as MiFID II eroded income in the UK and Europe. Redburn’s revenues ...
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Q2 2018 Bulge Bank Equities Results: Goldman Lags, Non-US Banks Muddle Along

With all the major investment banks reporting, equities revenues for the ten largest equities franchises grew 12% in the second quarter to $12.5 billion from $11.1 billion a year ago, ...
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Cowen’s Brokerage Revenues Up 69% In Q2 2018

Cowen Group, a mid-sized NY investment bank, reported 68.9% year-over-year growth in its brokerage revenues, primarily reflecting its acquisition of Convergex.  More telling was the flat quarter-to-quarter change in revenues, ...
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Evercore ISI Revenues Down 5% In Q2 2018

Evercore reiterated its view of a shrinking research wallet as ISI revenues continued to slide.   Nevertheless, Evercore management affirmed its commitment to the research franchise. Second quarter 2018 commission revenues ...
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Bernstein Research Q2 2018 Results Lowest Since 2013

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

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

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%

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

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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