Browsing: Earnings

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RBC’s Equities Revenues Rebounded Q1 2018 Alongside Alternative Data Initiative

Royal Bank of Canada’s equities revenues fell 5.5% for its fiscal year ending October 31, 2017 but improved sharply for the fiscal first quarter ending January 31, 2018.  Separately, RBC ...
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2017 Bulge Bank Equities Down 5% in 2017 As Non-US Banks Struggle

With all the major investment banks reporting, equities revenues for the largest investment banks fell 5% in 2017 after a weak fourth quarter.  Although non-US bulge banks fared better in ...

Morningstar Reports Strong 4th Qtr and Full-Year 2017 Sales Growth

Earlier this week, Chicago-based research, data and analytics business, Morningstar, reported strong 4th Qtr and full-year 2017 results, highlighted by strong revenue and cash flow growth, while operating income and ...
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Bulge Cash Equities Down 3% In 2017 According To Coalition

Cash equities revenues for the twelve largest investment banks declined 3.2% in 2017 according to estimates from Coalition, a business intelligence provider focusing on corporate and investment banks.  The relatively ...
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Stifel Equity Revenues Down 14% In 2017

Stifel Financial’s equity brokerage revenues fell 14% in 2017 to $200 million from $232 million in 2016, and are down 20% from the 2014 peak of $250 million. In its ...
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Cowen’s Brokerage Revenues Up 51% In 2017 Yet Priority Will Be Restructuring

Cowen Group, a mid-sized NY investment bank, reported increasing brokerage revenues, primarily reflecting its acquisition of Convergex.  However, profit pressures will focus Cowen management on improving the firm’s cost structure, ...
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Despite 2017 Revenue Decline, Bernstein Research Remains Optimistic

AllianceBernstein reported that Bernstein Research revenues fell 6% for both the fourth quarter and the full year 2017.  Nevertheless, management appeared sanguine about Bernstein's MiFID II prospects during its fourth ...
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Nomura Equities Revenues Continue Slow and Steady

Nomura reported that its equity revenues for the quarter ending December 31 2017 grew 9% to ¥60.8 billion (US$559 million) from ¥56 billion (US$513 million) the previous year.  Since Nomura ...

Berenberg Grew Equities 69% in 2017 & Shifts Focus to US Post MiFID II

Berenberg, a Hamburg-based private bank, grew its equities revenues 69% last year, as it has been successfully expanding its European equity research offering despite MiFID II turmoil. In its earnings ...
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Expert Network AlphaSights Grew 37% in 2016

London-based expert network AlphaSights Ltd reported consolidated revenues of £66.5 million ($92.5 million) for 2016, continuing its torrid growth rate. AlphaSights has reached a scale which challenges more established competitors like ...
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