PIMCO Advisors Holdings, which acquired Oppenheimer Capital last year, saw its earnings rise 44 per cent during the quarter to $66 million. A year earlier, the company earned $45.9 million.
Legg Mason earned $20.7 million in the most recent quarter compared to $15.3 million in the December quarter of 1996. The Baltimore mutual fund company's revenue grew 36 per cent to $227.1 million, from the $167.3 million in revenue it had a year earlier.
The rise in profits reflected the strong performance
Anthony and James take a look at the interdealer broker space and quickly hit on whether or not bitcoin ETFs are to come in the near future.Subscribe to Weekly Wrap emails