Knight Stake Is Gift That Keeps Giving to Jefferie
Post# of 98044
Posted On: 12/07/2012 9:56:58 AM
Knight Stake Is Gift That Keeps Giving to Jefferies
By Brett Philbin
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- Courtesy of Jefferies
A bidding war between Getco LLC and Virtu Financial LLC for Knight Capital Group Inc. drove up the market maker’s share price “meaningfully” in November, which could lead to a $51 million fourth quarter mark-to-market gain for Jefferies Group Inc., according to Raymond James analyst Patrick O’ Shaughnessy.
Assuming something similar to the investment bank’s compensation-to-net-revenue ratio of 59% in the third quarter — the firm accrues compensation against the accounting gain from its Knight position—the trading boost would add 4 cents in earnings to Jefferies’ fourth quarter numbers, the analyst said.
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
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