(Bloomberg) -- For all of its success handling
investments in more than 700 locations since it was started 120
years ago in St. Louis, A.G. Edwards Inc. may not have time on
its side.
The so-called regional brokerages are confronting a trend
that may signal the end of their independence and give them one
more chance to reward their shareholders in a bull market:
Equity-trading revenue at the biggest regional brokerages fell
during the first quarter even as their larger competitors led by
Goldman Sachs Group Inc. earned more money than ever from buying
and selling stocks.
Read more at Bloomberg Stocks News
investments in more than 700 locations since it was started 120
years ago in St. Louis, A.G. Edwards Inc. may not have time on
its side.
The so-called regional brokerages are confronting a trend
that may signal the end of their independence and give them one
more chance to reward their shareholders in a bull market:
Equity-trading revenue at the biggest regional brokerages fell
during the first quarter even as their larger competitors led by
Goldman Sachs Group Inc. earned more money than ever from buying
and selling stocks.
Read more at Bloomberg Stocks News
No comments:
Post a Comment