Preliminary adjusted net income for Q2 beat analyst expectations
Company reported preliminary Q2 net income of $285 mln
Result drivers
Trading income growth - Preliminary Q2 trading income, net, and adjusted net trading income increased from the prior year period
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Normalized Adjusted EPS
Beat
$1.82
$1.72 (7 Analysts)
Q2 Adjusted Net Income
Beat
$292 mln
$236.70 mln (4 Analysts)
Q2 Net Income
$285 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy"
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