The brokerage industry is competitive , and decreasing margins may offset increases in volume . Knight's proprietary trading algorithms may not be profitable during certain markets . New customer additions in the U . S . are not likely to be as much of a driving force in future revenue growth as
A stronger economy and higher managing director headcount bode well for Greenhill's revenue growth.
As the firm ventures more toward the bulge-bracket investment banking model, its balance sheet may become muddier.Lack of a pre-existing risk-monitoring system for new business lines increases the chance of risk-management failure.We expect a dip in revenues in 2010 and it may be several years
Stifel Financial SF reported net income of $22 million, or $0.67 per diluted share, on $289 million of net revenues. Revenues increased 11% sequentially because of a nice uptick in investment banking revenues and commissions. Stifel also completed its planned acquisition of some U.S. UBS UBS wealth
GFI Group GFIG reported third-quarter net income of $2.8 million, or $0.02 per diluted share, on $192 million of revenue. This is a sharp decrease from the $16.4 million of net income reported in the second quarter. Primary contributors to the drop in net income were an unrealized $5.2 million loss
Investment Technology Group ITG reported net income of $17.5 million, or $0.40 per diluted share, on $158 million of revenues. There were some causes of concern associated with the release. United States trading volumes have continued their sequential decline and are now 19% below their recent peak
Raymond James Financial's RJF performance in the 4th quarter was roughly in line with our estimates. However, we have increased our fair value, as the steadying of its bank's risk profile no longer merits us weighing an explicit downside scenario in our valuation. The company earned $43 million, or
Knight Capital Group NITE reported net income of $29 million, or $0.31 per diluted share, on $300 million of revenue in its third quarter. Despite 5% growth from the second quarter in average dollar volume traded, revenue decreased 4% and net income fell 18%. We are maintaining our fair value ...