Browsing: Earnings

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The New Research-Less ITG Sees Research As Loser In Unbundled World

During its second quarter earnings call yesterday, execution broker ITG outlined its new strategic plan under new management.  Having divested all its research capabilities, it is investing heavily in technology ...
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US Bulge Bracket Equities Revenues Down 5% in Second Quarter

Equities revenues for the five largest US investment banks decreased 5% in aggregate in the second quarter of 2016 from the prior year, reflecting strong results a year ago when ...

Morningstar 2nd Qtr Earnings Slips 1.2%

Last week Chicago-based independent investment research, data and analytics firm, Morningstar Inc. (MORN), reported that second-quarter profit slipped 1.2% to $31.8 million from $32.2 mln in the same quarter last ...

Redburn Grew 15% In Year Ended March As Bulge Equity Revenues Shrank 12%

Redburn, one of the largest and most successful independent research firms, grew its revenues 15% for the twelve months ending March 31, 2016, according to regulatory filings.  MiFID II appears ...
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Exane Prospers In 2015 But Cautions For 2016

Exane SA’s London affiliate, Exane Limited, provides a window into the cash equities results of privately-held Paris-based brokerage.  Judging from Exane's cash equities success, partnerships can be a successful strategy ...
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Strategy Platform ClearMacro Adds Fund Flow Data from EPFR Global

Investment strategy platform ClearMacro has partnered with EPFR Global, a provider of fund flow data.  EPFR’s data is integrated into ClearMacro’s analytics and not directly available for resale. EPFR tracks ...
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Jefferies Q2 Equites Results Improve But Still Down From 2015

Jefferies Group LLC, the investment-banking unit of Leucadia National Corp, reported improved second quarter equities commissions revenues, and is continuing to add new staff. Jefferies, one of the larger mid-market ...
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Expert Network Third Bridge Grew 37% In 2015

London-based expert network Third Bridge Limited, formerly Cognolink, grew its revenues by 37% in 2015, according to financial statements recently filed with the UK’s registrar of companies.  Much of the ...

Bulge Equities Revenues Rebounded In First Quarter 2016 But Credit Suisse Faltered

Equity revenues for the top nine investment banks rebounded by 18.5% in the first quarter of 2016 from the weak final quarter of 2015, but were down 17.6% from the ...
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Nomura Passes Cash Equities Baton Back to Instinet

During its recent Strategy Day, Nomura indicated that it would once again focus its international cash equities offering on Instinet, a strategy it had adopted in 2012 then abandoned last ...
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