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KCG

Knight Capital Group, Inc.

5/25/2013, 4:40 AM ET

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Wednesday, May 1, 7:17 AM More on Knight Capital Group (KCG) Q1 earnings: Adjusted profit of $0.06/share compares to $0.36 a year ago as U.S. equity volume slowed. Market-making revenue of $150.7M off from $152.2M a year ago - margins declined to 24% from 30%. Global execution services revenue of $122.4M off from $140.3M a year ago - margins declined to 9% from 17%. Tangible book value/share of $3.25 vs. $3.30 on Dec. 31. (PR) Comment! [Financials, Earnings]
Wednesday, May 1, 6:03 AM Knight Capital Group (KCG): Q1 EPS of $0.06 beats by $0.02. Revenue of $285.2M. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, May 1, 12:05 AM Notable earnings before Wednesday’ s open: AB, ADT, AFAM, AFSI, AGN, AH, AMT, ARW, AVA, CCJ, CHK, CLH, CLX, CMCSA, CVH, CVS, DLPH, DVN, ENR, EXAS, EXC,GRMN, GWR, H, HSP, HUM, ICE, IPGP, IQNT, IRM, JRCC, KCG, KFN, MA, MKL, MRK, NVO, PDCE, PKD, POR, PSX, RDC, RDN, SEE, SPW, TLM, TWX, VG, VIAB, VPHM Comment! [Earnings]
Tuesday, April 30, 5:30 PM Notable earnings before Wednesday’ s open: AB, ADT, AFAM, AFSI, AGN, AH, AMT, ARW, AVA, CCJ, CHK, CLH, CLX, CMCSA, CVH, CVS, DLPH, DVN, ENR, EXAS, EXC,GRMN, GWR, H, HSP, HUM, ICE, IPGP, IQNT, IRM, JRCC, KCG, KFN, MA, MKL, MRK, NVO, PDCE, PKD, POR, PSX, RDC, RDN, SEE, SPW, TLM, TWX, VG, VIAB, VPHM Comment! [Earnings]
Monday, April 15, 7:06 AM Knight Capital (KCG) and Getco tweak the exchange ratio of their merger agreement in an effort to ensure the trading price of KCG at closing is above the $4/share necessary to keep a NYSE stock listing. The aggregate consideration to Knight or Getco owners is unchanged. The companies estimate the merger will generate savings of $110M/year. (PR) Comment! [Financials, M&A]
Thursday, January 24, 6:02 AM Knight Capital Group (KCG): Q4 EPS of $0.05 beats by $0.02. Revenue of $287.7M beats by $4.68M. (PR) 1 Comment [Earnings, Breaking News, Financials]
Thursday, January 24, 12:05 AM Notable earnings before Thursday’s open: ABC, ALK, ARG, AVT, BAX, BMY, BPOP, CELG, CY, DOV, EQT, ESI, ETN, FCS, GWW, JNS, JVA, KCG, KEY, LMT, LUV, MKC, MMM, MWW, NMM, NOK, ORI, PCP, QSII, RTN, RYN, SWK, TZOO, UAL, UNP, XRX Comment! [Earnings]
Wednesday, January 23, 5:30 PM Notable earnings before Thursday’s open: ABC, ALK, ARG, AVT, BAX, BMY, BPOP, CELG, CY, DOV, EQT, ESI, ETN, FCS, GWW, JNS, JVA, KCG, KEY, LMT, LUV, MKC, MMM, MWW, NMM, NOK, ORI, PCP, QSII, RTN, RYN, SWK, TZOO, UAL, UNP, XRX Comment! [Earnings]
Tuesday, January 1, 6:55 AM Knight Capital (KCG) shareholder Ann Jimenez McMillan has sued the firm over its $1.4B sale to Getco, saying that the $3.75-a-share price is "unfair and grossly inadequate." McMillan is seeking to stop the deal on its current terms, class-action status, and unspecified damages. 1 Comment
Thursday, December 27, 2012, 7:15 AM Getco's $1.4B bid for Knight Capital (KCG) gets a key backer with the support of TD Ameritrade (AMTD) - a 7% owner of Knight. Combined with Jefferies' previously announced support and Getco's own shares, this brings to 45% the ratio of Knight's shares in favor of the deal. Blackstone - a 15.6% owner - also looks likely to back the sale. Comment! [M&A, Financials]
Wednesday, December 19, 2012, 9:10 AM Premarket gainers: PTNR +11%. GM +9%. KCG +8%. RMCF +6%. NBG +6%. VRNG +6%. MLNX +5%.
Losers: ONTY -61%. PLXT -18%. NAV -6%. CYS -6%. 3 Comments [On the Move]
Wednesday, December 19, 2012, 8:05 AM As expected, Getco beats rival Virtu in the race to buy Knight Capital (KCG) after agreeing a deal valued at $1.4B in cash and stock. Knight shareholders will have the right to receive $3.75/share in cash or one share of common stock of a new holding company. Knight shares +6.3% to $3.54. (PR) Comment! [Financials, M&A, Breaking News]
Tuesday, December 18, 2012, 5:59 PM High-speed trader Getco has a deal in principle to acquire Knight Capital Group (KCG), which is up 5.4% AH, Reuters reports. Updated 6:11 p.m.: Getco and P-E firm General Atlantic raised its offer to over $3.60 in cash and stock to beat Virtu Financial's all-cash offer; KCG now up 3.9% to $3.46 AH. 6 Comments [Financials, M&A, Breaking News]
Thursday, December 13, 2012, 5:50 AM Knight Capital Group (KCG) reportedly expects to receive final acquisition bids by the end of this week and to decide its future, which could include remaining independent, next week. High-speed trading firms Getco and Virtu Financial are the two suitors vying for Knight with offers of up to $1.8B. (previous) Comment! [Financials, M&A]
Tuesday, December 4, 2012, 5:43 AM Cerberus is reportedly in negotiations to join Virtu's attempt to acquire brokerage Knight Capital (KCG) in a deal valued at $1.5-1.6B including debt. Virtu is also in talks with Silver Lake, Credit Suisse (CS) and other banks about financing for the bid. Meanwhile, Jefferies Group (JEF) will provide $950M to help fund Getco's rival offer for Knight in a deal worth $1.4-1.8B including debt. 2 Comments [Financials, M&A]
Wednesday, November 28, 2012, 12:45 PM Midday top 10 gainers: VRML +34%. SHS +32%. GMCR +24%. SPMD +18%. TROV +17%. GPOR +16%. IDIX +15%. TSL +15%. KCG +14%. AXR +12%.
Midday top 10 Losers: UTI -24%. CLUB -21%. CFNB -16%. GENE -15%. TFM -14%. CBAK -13%. SBGI -12%. DWCH -13%. NFEC -11%. CAP -9%. 2 Comments [On the Move]