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Knight Capital Group (NITE)

Stock (Financial Services Industry, Investment Banks Industry)

Knight Capital announces a 47 percent fall in Q3 profit Knight Capital’s stock price fell as it announced a fall of 47 percent in Q3 earnings. The company reported a profit of $16.4 million, compared to $31.5 million last year. This fall was mainly driven by a decline in asset management fees. It reported a loss of $1.2 million in net asset management fees, and $12.2 million in net incentive fees due to quarterly fund returns.

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