RCS Capital Corporation (RCAP) - NYSE
  • Nov. 17, 2015, 6:13 AM
    • RCS Capital (NYSE:RCAP): Q3 EPS of $0.10 misses by $0.03.
    • Revenue of $589.58M (+15.2% Y/Y) beats by $56.88M.
    | Nov. 17, 2015, 6:13 AM | 2 Comments
  • Aug. 6, 2015, 2:35 PM
    • CEO Michael Weil and CFO Brian Jones will be replaced at RCS Capital (RCAP -26.8%) once successors can be found.
    • Apollo Global (APO -1%) will purchase RCAP's wholesale distribution division for $25M, and - along with Luxor Capital Partners - invest another $37.5M in convertible preferred stock of RCAP.
    • RCAP's business will be refocused on Cetera Financial Group, with Cetera entering a strategic relationship with Apollo in which its sales force will sell Apollo products.
    • The RCS Capital Management services agreement will be terminated, with 3M shares issued to Luxor Capital and 2.6M shares issued to members of RCAP management as part of the termination.
    • Apollo co-founder Marc Rowan and Anthony Civale - COO of Apollo Credit - will join the RCAP board.
    • The board also forms a committee to explore further options to enhance shareholder value.
    • RCAP shares are halted from trade, but were up sharply ahead of the announcement.
    | Aug. 6, 2015, 2:35 PM | 9 Comments
  • Aug. 6, 2015, 2:18 PM
    • RCS Capital (NYSE:RCAP): Q2 EPS of $0.17 misses by $0.13.
    • Revenue of $678.4M (-23.3% Y/Y) beats by $18.7M.
    | Aug. 6, 2015, 2:18 PM
  • May 7, 2015, 6:15 AM
    • RCS Capital (NYSE:RCAP): Q1 EPS of $0.19 misses by $0.04.
    • Revenue of $625.6M (+128.8% Y/Y) misses by $9.39M.
    | May 7, 2015, 6:15 AM
  • Feb. 24, 2015, 7:14 AM
    • Q4 adjusted net income of $12.6M or $0.14 per share tumbled from $42.7M and $0.46 one year ago, and missed consensus by $0.04 per share.
    • In wholesale distribution, equity sales of $1.1B fell 55% Y/Y, and revenue of $92.1M fell 51%. Adjusted EBITDA of a loss of $9.9M compared to a loss of $6.2M a year earlier.
    • In capital markets, revenue of $10.8M fell 80% Y/Y, with adjusted EBITDA of $3.9M down 91%.
    • 2015 outlook: Adjusted EBITDA of $244M-$268M (vs. $213.4M in 2014). Adjusted net income per share of $1.43-$1.59 vs. $1.45 in 2014, and consensus of $1.63.
    • Dial-in conference call at 11 ET
    • Previously: RCS Capital misses by $0.04, misses on revenue (Feb. 24)
    • RCAP flat premarket
    | Feb. 24, 2015, 7:14 AM
  • Feb. 24, 2015, 6:26 AM
    • RCS Capital (NYSE:RCAP): Q4 EPS of $0.14 misses by $0.04.
    • Revenue of $504.03M (-26.6% Y/Y) misses by $100.83M.
    | Feb. 24, 2015, 6:26 AM
  • Nov. 13, 2014, 7:37 AM
    • CEO Michael Weil: "Our retail advice business remains unaffected by the recent events involving ARCP, and we expect to continue to retain and recruit industry-leading advisors while exhibiting both strong revenue and EBITDA growth in the fourth quarter of 2014 and in 2015." He notes the advisor retention rate was 97.8% in Q3.
    • Retail advice: AUA of $212.8B up 11% Y/Y. Revenue of $504.3M up 16%. Number of advisors of 9.139 up 2%. Adjusted EBITDA of $37.2M up 61%.
    • Wholesale distribution: Equity sales of $2.3M flat Y/Y. Revenue of $2210.9M down 7%. Adjusted EBITDA of $1.4M -74%. "While we expect some short-term decrease in equity capital raised on the platform, we still see strong fundamental demand for portfolio solutions that mitigate broader market exposure,"
    • Capital Markets: Revenue of $28.3M up 85%. Adjusted EBITDA of $15.7M up 97%.
    • Investment management: AUM of $2.8B up 29%. Revenue of $17M up 45%. Adjusted EBITDA of $3.4M up 88%.
    • Conference call at 11 ET looks to only be available by dial-in.
    • Previously: RCS Capital misses by $0.03, misses on revenue
    • RCAP +0.1% premarket
    | Nov. 13, 2014, 7:37 AM | 2 Comments
  • Nov. 13, 2014, 6:43 AM
    • RCS Capital (NYSE:RCAP): Q3 EPS of $0.40 misses by $0.03.
    • Revenue of $725M (+10.1% Y/Y) misses by $96.13M.
    | Nov. 13, 2014, 6:43 AM
  • Aug. 7, 2014, 12:21 PM
    • Q2 adjusted net income of $42.6M or $0.49 per share up 12% from Q1.
    • Pro forma revenue of $825.7M up 22%. Assets under administration for Retail Advice Segment of $214.2B up $5.9B.
    • Acquisition synergies are on track and expected to be $57M-$65M on an annualized run rate this year, with incremental gains projected for next year.
    • 272 new financial advisors recruited during Q, representing $24.2M in Gross Dealer Concession, for a net increase of 34 new advisors. 97% advisor retention on a trailing 12-month GDC.
    • 2014 EBITDA guidance of $304M-$327M is confirmed. 2015 guidance will come in the Q3 report.
    • Previously: RCS Capital beats by $0.06, beats on revenue
    • RCAP +4.3%
    | Aug. 7, 2014, 12:21 PM
  • Aug. 7, 2014, 8:57 AM
    • RCS Capital (NYSE:RCAP): Q2 EPS of $0.49 beats by $0.06.
    • Revenue of $825.7M (+259.0% Y/Y) beats by $227.69M.
    | Aug. 7, 2014, 8:57 AM
  • May 1, 2014, 9:01 AM
    • RCS Capital (RCAP): Q1 EPS of $0.77 beats by $0.22.
    • Revenue of $187.2M misses by $49.3M.
    | May 1, 2014, 9:01 AM
  • Feb. 12, 2014, 6:44 AM
    • RCS Capital Corporation (RCAP): Q4 EPS of $0.81 misses by $0.09.
    • Revenue of $214.1M (+234.0% Y/Y) misses by $56.5M.
    | Feb. 12, 2014, 6:44 AM
  • Oct. 24, 2013, 9:53 AM
    • RCS Capital (RCAP): Q3 EPS of $0.26 misses by $0.34.
    • Revenue of $223.8M misses by $30.6M. (PR)
    | Oct. 24, 2013, 9:53 AM
Company Description
RCS Capital Corp. is a holding company that engages in the provision of integrated financial services principally focused on retail investors. It offers the provision of retail advice through independent channel broker-dealers and registered investment advisers, wholesale distribution,... More
Sector: Financial
Industry: Investment Brokerage - National
Country: United States