Wall Street not impressed with FXCM’s
FXCM shares now sit at $9.96, or 29% below FXCM’s IPO price of $14 per share last December.
Reasons given by those covering the company on Wall Street for the less-than-enthusiastic response to FXCM’s Q3 include:
although decent, results were below analysts’ expectations for net profit in the quarter.
negative guidance going foward.
weak number of accounts added.
commentary about expenses on the company’s investor conference call.
Wall Street not impressed with FXCM’s Conclusion
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