knight capital group inc-a
(KCG:New York)
knight capital group inc-a (KCG) Key Developments
Knight Capital Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's total revenues were $285.2 million compared with $302.5 million a year ago. Income from continuing operations before income taxes was $17.9 million compared with $51.1 million a year ago. Income from continuing operations, net of tax was $11.0 million or $0.03 per diluted share compared with $31.2 million or $0.34 per diluted share a year ago. Net loss was $9.4 million or $0.03 per diluted share compared with net income of $33.1 million or $0.36 per diluted share a year ago. Non GAAP Income from continuing operations before income taxes was $36.1 million. Non-GAAP net income was $22.3 million or $0.06 per diluted share. Tangible book value as of March 31, 2013 was $3.25 per share.
Knight Capital Group, Inc. announced that they will report Q1, 2013 results Pre-Market on May 01, 2013
Knight Capital Group, Inc. announced that on Alan Lhota will cease to serve as Senior Managing Director, Co-Head of Institutional Fixed Income and will no longer be an employee of the company or any of its subsidiaries upon the closing of the disposition of the company’s institutional fixed-income sales and trading business.
Knight Capital Group, Inc. Presents at 7th Annual Invest in International Shipping Forum, Mar-21-2013 02:30 PM. Venue: The Metropolitan Club, One East 60th Street, New York, NY 10022-1054, United States. Speakers: Ben Nolan, Director of Shipping Research.
Knight Capital Group, Inc. intends to sell its credit-brokerage unit to Stifel Financial Corp., according to six people with knowledge of the matter. The deal, terms of which are not yet known, is expected to be announced by February 25, 2013, according to the source, who spoke on the condition of anonymity because the sale has not yet been made public. Stifel will be acquiring investment-grade, high-yield, asset-backed and mortgage-backed debt brokers in the U.S. and Europe through the deal the source said. Knight Capital has appointed Bank of America to handle the sale, sources said. Knight is selling the unit led by Al Lhota and Bob Lyons in New York, in part to reduce costs from long-term property leases, three of the people said. The company plans to retain BondPoint, one of the people said. Bloomberg added that Jonathan Mairs, a Knight spokesman, and John Yiannacopoulos of Bank of America declined to comment. Sarah Anderson at Stifel didn’t respond to e-mail and phone messages seeking comment.

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Industry Analysis
KCG
Industry Average
| Valuation | KCG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.4x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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