Compagnie Financière Tradition registers decline in revenues in 2020
Interdealer broker Compagnie Financière Tradition posted adjusted revenue of CHF 981.3 million in 2020.
Interdealer broker Compagnie Financière Tradition posted adjusted revenue of CHF 981.3 million in 2020.
Nasdaq reported net income of $224 million for the fourth quarter of 2020, compared to $202 million a year earlier.
Global Markets revenues increased by USD 248 million, or 21%, to USD 1,433 million, primarily driven by higher client activity levels.
Morgan Stanley reported Institutional Securities net revenues of $7 billion, sharply up from $5.1 billion a year ago.
Commission revenue at Interactive Brokers showed strong growth, increasing $120 million, or 71%, from the year-ago quarter.
Record client trading activity, and the addition of TD Ameritrade, led to an 88% increase in Schwab’s trading revenue to $1.4 billion.
Bank of America registered Global Markets net income of $791 million in the fourth quarter of 2020, up by $218 million from a year earlier.
BGC Partners reaffirmed its previously stated outlook ranges for revenue and pre-tax earnings for the fourth quarter of 2020.