Browsing: Earnings

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RBC’s 2018 Equities Revenues Up 5%

Royal Bank of Canada’s equities revenues grew 4.8% for its fiscal year ending October 31, 2018, bettering their post-crisis results but down one-fifth from their peak in 2015. Equity revenues ...
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BCA and NDR Revenues Sag Further

Euromoney Institutional Investor PLC, parent of economic research firms BCA Research and Ned Davis Research (NDR), reported that revenues for its business unit which includes the two economic research firms ...
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Evercore Hires RBC Research Head, Reports Flat ISI Revenues

Marc Harris, who was global head of research for RBC for a decade, has joined Evercore ISI as Director of Research.  Like RBC, Evercore ISI, which reported flat revenues for ...
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Exane’s Revenues Grew 3% in 2017

After attaining the top ranking for its research in Extel’s 2017 rankings, Exane SA’s London affiliate, Exane Limited, which represents the bulk of its cash equities business, eked out 2.6% ...
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Nomura Equities Revenues No Longer Slow and Steady

Nomura reported that its equity revenues for the quarter ending June 30 2018 fell 6.8% to ¥54.5 billion (US$491 million) from ¥58.5 billion (US$527 million) the previous year.  Until this ...
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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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