In particularly difficult market conditions, Numis’s franchise strength and maintenance of the compensation ratio softened the impact of lower investment banking and equities revenue. Earnings per share were still down by two-thirds compared with H118 but, looking ahead, a return to a more favourable environment should allow Numis to deliver attractive returns on equity once more (historical five-year average c 20%).
09 May 2019
Numis Corporation - Cost discipline and franchise strength in evidence
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Numis Corporation - Cost discipline and franchise strength in evidence
- Published:
09 May 2019 -
Author:
Andrew Mitchell -
Pages:
7
In particularly difficult market conditions, Numis’s franchise strength and maintenance of the compensation ratio softened the impact of lower investment banking and equities revenue. Earnings per share were still down by two-thirds compared with H118 but, looking ahead, a return to a more favourable environment should allow Numis to deliver attractive returns on equity once more (historical five-year average c 20%).