Company Profile For Broadpoint Gleacher Securities Group, Inc.

Broadpoint Gleacher Securities Group, Inc. (BPSG.O) (Consolidated Issue listed on NASDAQ Global Market)
sector: Financials · industry: Investment Services ·
As of  30 Nov 2009
5.42USD
Price Change
-0.32
Percent Change
-5.57%
 
 
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Overview

Broadpoint Gleacher Securities Group Inc, formerly Broadpoint Securities Group Inc, is an independent investment bank that provides value-added advice to corporations and institutional investors. The Company provides services through its Investment Banking, Debt Capital Markets, Broadpoint DESCAP, Equities and Other segments. The Investment Banking segment provides capital raising and advisory services to corporations and institutional investors. The Debt Capital Markets segment provides sales and trading in a range of debt securities. Broadpoint DESCAP provides sales and trading in mortgage and asset-backed securities. The Equities segment provides sales, trading and research in equity securities primarily through its broker-dealer subsidiary, Broadpoint AmTech. The Other segment generates revenue from unrealized gains as a result of changes in the value of the firm’s investments. In June 2009, the Company completed the acquisition of Gleacher Partners Inc., a financial advisory firm.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, BroadpointGleacher Securities Group, Inc.'s revenues totaled $272.5M, up from $90.2M. Net income from cont. ops. totaled $45.1M vs. a loss of $19.1M. Revenues reflect increased income from principal transactions, higher investment banking income and a rise in income from fees & other. Net income also reflects absence of restructuring expense and improved operating income.

Company Address

Broadpoint Gleacher Securities Group, Inc.
12 East 49th Street
31st Floor
New York   NY   10017
P: +1212.2737100

Total Employees

318

Find Out More About BPSG.O

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