Browsing: Earnings
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Bernstein Autonomous Research Endures Trading Desk Shutdown
08/27/2021
Bernstein's Autonomous Research suffered through the trauma of closing its trading desk while shifting more resources to its core research business. Although revenues took a significant hit, forgoing £6.5 million ...
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Redburn Plans ESG Research to Stem Revenue Declines
08/17/2021
Redburn, one of Europe’s largest research boutiques, has seen its revenues fall 25% since their peak in 2017, according to recent regulatory filings. After a strategic review, the company intends ...
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Q2 2021 Bulge Equities Results: UBS Surges While Credit Suisse Falters
08/06/2021
UBS showed strong equity results while arch-rival Credit Suisse slashed its prime brokerage unit in the wake of its Archegos loss. Barclays continued its momentum while SocGen and BNP Paribas ...
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Q2 US Bulge Equities Revenues Ease After Record First Quarter
07/20/2021
Morgan Stanley resumed its equities leadership after its Archegos stumble last quarter, while Goldman’s surge faded. JP Morgan’s equity market revenues surpassed Goldman’s to take the second spot. Despite their ...
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US Bulge Equities Revenues Set New Records in Q1 2021 Despite Morgan Stanley Stumble
04/20/2021
Morgan Stanley’s $.9 billion loss from Archegos cost it the top position as rivals Goldman Sachs and JP Morgan each booked over $3 billion in quarterly equities revenues. Nevertheless, even ...
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2020 Bulge Bank Equities Results: US Banks Prosper at Expense of Non-US Banks
02/26/2021
Thanks to a pandemic-induced surge in trading, equities revenues for the nine largest equities franchises soared 20% in 2020 to $49 billion from $40.6 billion a year ago. However, not ...
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Strong Q4 2020 Equities Revenues Cap Near-Record Year for US Bulge Firms
01/29/2021
For the final quarter of 2020, equities revenues of the largest US banks grew 7% sequentially while jumping 35% from 2019 results. Combined with a blow-out first half, US banks ...
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Q3 Bulge Equities Results: UBS and Barclays Surge While Credit Suisse Falters
11/06/2020
Non-US banks posted improved equities revenues despite a weak performance from Credit Suisse, which underwent a major reorganization. Barclays continued its momentum from last quarter, once again besting Citi’s equities ...
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US Bulge Equities Revenues Continue Strong for Third Quarter 2020
10/27/2020
Morgan Stanley resumed its equities leadership after being briefly ousted by Goldman Sachs last quarter. As CEO James Gorman expressed it during Morgan Stanley’s third quarter earnings call, “Our equities ...
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Jefferies Equities Revenues Hit New Highs
09/29/2020
Jefferies Group LLC, the investment-banking unit of Jefferies Financial Group (formerly Leucadia National Corp), reported record equities revenues for the quarter ending August 30, 2020. As one of the first ...