Ladenburg Thalmann Financial Services said Thursday that revenue was up sharply in the second quarter, but it still suffered a $5 million loss, or 3 cents per share, compared to $200,000 in income, or less than 1 cent per share, in the same period last year.
The Miami-based brokerage and financial advisory services firm said revenue of $163.4 million represented an increase of 171 percent from $60.2 million in the second quarter of 2011. The revenue growth was heavily influenced by its purchase of the Securities America financial advisory firm late last year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
