$ITG (Investment Technology Group, Inc.)

$ITG {{ '2016-10-10T17:50:02+0000' | timeago}} • Announcement

$ITG said September 2016 US trading volume was 2.7Bil shares compared to 2.5Bil shares in August 2016 and 2.6Bil shares in September 2015. Average daily volume (ADV) was 128MM shares in Sept. 2016 versus  107MM shares in Aug. 2016 and 122MM shares in Sept. 2015. There were 21 trading days in September 2016.

$IBKR {{ '2018-01-16T21:26:46+0000' | timeago}} • Announcement

$IBKR reported a net loss of $2MM or $0.02 per share in 4Q17 compared to a net income of $4MM or $0.07 per share in 4Q16. The results were negatively impacted by the effects of the Tax Cuts and Jobs Act, which decreased diluted EPS by $0.45. Net revenues grew to $515MM from $193MM in the prior-year period.

$C {{ '2018-01-16T15:34:40+0000' | timeago}} • Announcement

In 4Q17, $C's fixed-income trading revenues were $2.4Bil, down 18%, reflecting continued low volatility. Equity trading revenues also declined 23% during the quarter to $530MM.

$C {{ '2018-01-16T15:30:59+0000' | timeago}} • Announcement

$C CEO Michael Corbat said, "Tax reform does not change our capital return goals as we remain committed to returning at least $60Bil of capital in the current and next two CCAR cycles. Tax reform not only leads to higher net income and increased returns, but also serves to strengthen our capital generation capabilities going forward."

$C {{ '2018-01-16T15:27:58+0000' | timeago}} • Announcement

For the first time since 2009, $C posted a loss of $18.3Bil in 4Q17, weighed down by a charge of approx $22Bil related to Republican tax reforms. On a per share basis, the loss was $7.15. However, the banking giant managed to please investors by reporting double-digit growth in adjusted EPS to $1.28. Revenue for the quarter edged up 1% to $17.3Bil.

$C {{ '2018-01-16T14:54:13+0000' | timeago}} • Infographic

$C Citigroup Earnings AlphaGraphic: Q4 2017 Highlights

$XL {{ '2018-01-16T13:57:27+0000' | timeago}} • Announcement

$XL appointed Leila Madeiros, SVP, Deputy Director and Corporate Secretary of the Association of Bermuda Insurers and Reinsurers, as Head of Compliance & Regulatory Affairs, Bermuda. Madeiros will report to Sean McGovern, $XL's Chief Compliance Officer & Head of Government & Regulatory Affairs and will be a member of his leadership team.

$SSNC {{ '2018-01-11T17:27:37+0000' | timeago}} • Announcement

$SSNC agreed to buy $DST. $SSNC expects $150MM of run-rate cost savings annually, achieved by 2020. The transaction is expected to be immediately accretive to its adjusted EPS before synergies, and is expected to result in mid-teens earnings growth in 2019.

$SSNC {{ '2018-01-11T17:26:17+0000' | timeago}} • Announcement

$SSNC agreed to buy $DST in an all-cash transaction for $84 per share plus assumption of debt, equating to an enterprise value of about $5.4Bil. $SSNC plans to fund the acquisition and refinance existing debt with a combination of debt and equity. Both $SSNC's and $DST's BoD have approved the transaction, and it is expected to close by 3Q18.

$XL {{ '2018-01-11T13:34:39+0000' | timeago}} • Announcement

$XL said that due to the recent wildfires in Southern California it is estimating natural catastrophe net losses of about $45MM and about $20MM related to other events. The estimated losses are evenly split between $XL's Insurance & Reinsurance segments. $XL also reaffirmed its previously disclosed aggregate net losses related to 3Q17 catastrophes.

$ITG {{ '2018-01-09T15:52:36+0000' | timeago}} • Announcement

Financial technology company $ITG said its US trading volume declined about 13% annually to 2.7Bil shares in December 2017. Average daily volume dropped 11% to 133MM shares. During the month, the average daily international trading commissions from the company’s Canadian, European and Asia Pacific operations rose by 13% compared to December 2016.

$XL {{ '2018-01-09T14:10:18+0000' | timeago}} • Announcement

XL Catlin, a unit of insurance firm $XL, has appointed Simon Price as Head of Mergers and Acquisitions, Insurance, EMEA. Price had been working for Marsh's Private Equity and M&A practice, with the most recent role being Head of the company's UK Transaction Risk Team. Earlier, he was engaged in private legal practice in London for 10 years.

$XL {{ '2018-01-05T11:49:49+0000' | timeago}} • Announcement

XL Catlin, a unit of $XL, has appointed Todd Wilhelm as Regional Product Leader of Energy, Property and Construction for Asia Pacific. Most recently, Wilhelm served QBE Insurance as Chief Underwriting Operations Officer. Earlier, he had worked at ACE Insurance and FM Global.

$MKTX {{ '2018-01-03T22:27:06+0000' | timeago}} • Announcement

$MKTX announced total monthly trading volume for Dec. 2017 of $104.4Bil, consisting of $60.4Bil in US high-grade volume, $40.7Bil in other credit volume, and $3.3Bil in liquid products volume. US high-yield, emerging market and Eurobond volumes represented approx. 23.9%, 55.7% and 19.3% of total trading volumes of the other credit category.

$XL {{ '2018-01-03T22:14:28+0000' | timeago}} • Announcement

$XL announced that Jacob Rosengarten, Group Chief Enterprise Risk Officer, retired effective December 31, 2017. Fielding Norton, who previously held the position of Deputy Chief Enterprise Risk Officer, has been appointed as his successor, subject to Bermuda immigration approval.

$ICE {{ '2018-01-02T13:44:19+0000' | timeago}} • Announcement

$ICE has completed its acquisition of Virtu BondPoint from Virtu Financial for $400MM in cash. BondPoint is a provider of electronic fixed income trading solutions for the buy-side and sell-side and it will become part of $ICE’s fixed income trading and data solutions.

$PJC {{ '2017-12-27T14:34:18+0000' | timeago}} • Announcement

Asset management firm $PJC has elected Chad Abraham to its board of directors, effective January 1, 2018. Earlier, Abraham was named the company’s new CEO, to succeed Andrew Duff. Abraham, who has been serving Piper Jaffray since 1991, spent the initial 13 years as a banker in the firm’s technology investment banking group.

$GS {{ '2017-12-19T19:41:08+0000' | timeago}} • Announcement

$GS appointed Karen Patton Seymour as a partner and co-general counsel of the firm. With Greg Palm, Seymour will advise Goldman Sachs beginning in January 2018 and have responsibility for all legal matters affecting the firm’s operations worldwide.

$FDS {{ '2017-12-19T15:14:45+0000' | timeago}} • Infographic

$FDS FactSet Research Systems Inc. Earnings AlphaGraphic: Q1 2018 Highlights

$FDS {{ '2017-12-19T13:18:53+0000' | timeago}} • Announcement

$FDS has discontinued quarterly guidance, but provided annual guidance. For fiscal year 2018, the company expects revenue to be in the range of $1.34-1.36Bil. GAAP EPS is expected to be in the range of $7.60-7.80 and adjusted EPS to be in the range of $8.25-8.45.

$FDS {{ '2017-12-19T13:13:04+0000' | timeago}} • Announcement

For the first quarter of 2018, $FDS reported a 5.7% YoY growth in profit to $70.4MM, or $1.77 per share. On adjusted basis, the company's earnings grew 16.6% YoY to $2.04 per share. Revenue came in at $329MM, up 14.3% from a year ago. Annual Subscription Value (ASV) increased to $1.32Bil at Nov. 30, 2017 compared with prior year ASV of $1.17Bil.

Recent Transcripts

FDS (FactSet Research Systems Inc.)
Tuesday, December 19 2017 - 4:00pm
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Thursday, December 14 2017 - 2:00pm
JMP (JMP Group LLC)
Thursday, November 2 2017 - 2:00pm
ICE (Intercontinental Exchange, Inc.)
Thursday, November 2 2017 - 12:30pm
ITG (Investment Technology Group, Inc.)
Wednesday, November 1 2017 - 12:00pm
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Tuesday, October 31 2017 - 2:30pm
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Monday, October 30 2017 - 9:00pm
NMR (Nomura Holdings, Inc.)
Monday, October 30 2017 - 9:30am
BGCP (BGC Partners, Inc.)
Thursday, October 26 2017 - 2:00pm
PJC (Piper Jaffray Companies)
Thursday, October 26 2017 - 1:00pm
MKTX (MarketAxess Holdings Inc.)
Wednesday, October 25 2017 - 2:00pm
NDAQ (Nasdaq, Inc.)
Wednesday, October 25 2017 - 12:00pm
XL (XL Group plc)
Tuesday, October 24 2017 - 10:00pm
AMTD (TD Ameritrade Holding Corporation)
Tuesday, October 24 2017 - 12:30pm
DST (DST Systems Inc.)
Friday, October 20 2017 - 12:30pm
ETFC (E*TRADE Financial Corporation)
Thursday, October 19 2017 - 9:00pm
IBKR (Interactive Brokers Group, Inc.)
Tuesday, October 17 2017 - 8:30pm
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Tuesday, October 17 2017 - 12:15pm
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