Getco reports large decline in net income

Getco reported in a filing that its net income for the first nine months of 2012 dropped 82% compared with the same period the previous year. "When economic activities are low and volumes are low and volatility is low, it's a bad recipe. You look at trading revenues broadly, they've been challenged," said Christopher Allen, an analyst at Evercore Partners.

View Full Article in:

Bloomberg Businessweek · Financial Times (tiered subscription model) · New York Times (tiered subscription model), The

Published in Brief: