Southwest Securities first quarter results show improvement, but still lag behind last year as the firm looks to dig out from behind a challenging economy as well as some legal and recruitment issues.
The firms retail segment earned a profit of $319,000 in the first quarter of this fiscal year after being down $1.9 million last quarter. Revenue was also higher, rising from $26.6 million to $28 million. Those numbers, however, were still down year-over-year from $29.2 million in revenue and $1.28 million in profit for the first quarter of 2011.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access