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Knight Capital and Other Top Performing Financial Stocks in November
Sunday, December 2, 2012 - 9:54pm | 651Read More...Here is a quick look at some of the top-performing financial sector stocks in the past month. These companies all have a market cap of more than $500 million and their share prices are more than 15 percent higher than 30 days ago. Flagstar Bancorp (NYSE: FBC) shares are up more than 220 percent...
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Knight Capital Group at the Center of Bidding War
Thursday, November 29, 2012 - 11:37am | 463Read More...Knight Capital Group (NYSE: KCG) received bidding offers from two market makers: Getco LLC and Virtu Financial LLC. Wednesday, Virtu made an offer to buy the Chicago-based high-frequency trader for about $3 a share. Getco has potentially launched a bidding war by placing an offer to purchase Knight...
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Another Day, Another Trading Glitch: RBS Admits Responsibility in EUR/CHF Spike
Thursday, August 9, 2012 - 11:27am | 387Read More...A trader at RBS (NYSE: RBS) has admitted to making a fat finger trade in the EUR/CHF pair Monday, a spokesperson for the bank told Reuters. The error caused a series of algorithmic trades from other traders to flood the market, sending the pair spiking for a short period of time. The trades which...
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Will Knight Capital Rise from the Ashes?
Monday, August 6, 2012 - 11:20am | 546Read More...In the blink of an eye, Knight Capital Group (NYSE: KCG) has gone from a prominent financial services company to a struggling entity that might not be saved. When news broke that several institutions, including Jefferies (NYSE: JEF), Stifel Nicolaus (NYSE: SF), Blackstone Group (NYSE: BX), and TD...
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Algorithm Trading Responsible For Another Glitch
Monday, August 6, 2012 - 9:57am | 381Read More...Spain's benchmark Ibex 35 Index was halted for nearly five hours earlier Monday after a trading glitch caused trading in Madrid to stop. The Bolsas y Mercados Espanoles SA, the company that oversees the stock exchange, could not comment on the nature of the glitch and only said that trading had...
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Goldman Sachs Reiterates Buy Rating On Knight Capital
Wednesday, June 15, 2011 - 8:25am | 109Read More...According to Goldman Sachs, Knight Capital Group (NYSE: KCG) reported May metrics this morning. Goldman Sachs said that dollar volume traded remains robust and is outpacing broad market trading volume, while a qoq decline in VIX and lower OTC trading volume could dampen Knight's revenue capture;...
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Knight Capital Group's 4Q Disappoints JP Morgan
Friday, January 21, 2011 - 9:46am | 154Read More...JP Morgan has published a research report on Knight Capital Group (NYSE: KCG) after the company reported disappointing 4Q earnings results. In the report, JP Morgan writes "Knight reported adjusted 4Q10 EPS of $0.08, excluding the $0.02 positive impact of a tax deduction. This is less than half of...
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Knight Capital Group's 4Q Disappoints JP Morgan
Friday, January 21, 2011 - 9:46am | 154Read More...JP Morgan has published a research report on Knight Capital Group (NYSE: KCG) after the company reported disappointing 4Q earnings results. In the report, JP Morgan writes "Knight reported adjusted 4Q10 EPS of $0.08, excluding the $0.02 positive impact of a tax deduction. This is less than half of...
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JP Morgan Raises PT On Knight Capital Group
Friday, January 21, 2011 - 9:26am | 28Read More...JP Morgan has raised the price target on Knight Capital Group (NYSE: KCG) from $14 to $15.50 and maintains its Neutral rating.
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Knight Capital Makes Long-Term Earnings Targets
Tuesday, November 2, 2010 - 6:57am | 145Read More...Knight Capital Group (NYSE: KCG) hosted an investor day that presented long-term targets for revenues and earnings, according to Goldman Sachs. In the report, Goldman Sachs writes "KCG's target/goals for $1.9 bn in annual revenue by 2013 imply a 19% CAGR from our 2010 estimate for revenue, not...
