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ANALYSIS & RESEARCH

Home PageThe analysisHCM: Trading desk drives sharp recovery in 2Q20 results

HCM: Trading desk drives sharp recovery in 2Q20 results

23/07/2020 - 16:47

HCM_2Q20 results

HCM’s 2Q20 earnings soared (+36% QoQ / +49% YoY), illustrating the brokers’ high operational leverage to market conditions. Brokerage commissions improved along with surging volumes and proprietary trading gains were the highest since 1Q18. HCM fulfilled 55% of PATMI guidance and 53% of our full-year forecast in 1H20.

 

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