February 04, 2010

18 Brokerages Had Better Oct-Dec Qtr On Net Basis In 09

Eighteen of 20 major and midsize brokerages reported year-on-year improvement in net loss or profit figures for the October-December quarter of 2009, according to Nikkei. A recovery in investment trust sales and a sharp pickup in underwriting fees from listed companies' public offerings contributed. But because of a slowdown in revenue from stock-trading commissions, a full-fledged earnings recovery by the brokerages could take more time.

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