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GFI Group is Among the Companies in the Investment Banking & Brokerage Industry With the Highest Future Earnings Growth (GFIG, ITG, SWS)

Published on Wed, 01/30/2013 - 11:21
By Peter Chu

Below are the three companies in the Investment Banking & Brokerage industry with the highest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal year estimated) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

GFI Group (NASDAQ:GFIG) is highest with future earnings growth of 246.3%. GFI Group Inc. provides brokerage services and data and analytics products to institutional clients. The Company specializes in over-the-counter derivatives products and related securities. GFI provides its services to institutional clients in markets for a range of credit, financial, equity and commodity instruments, including complex derivatives. Thus far today, GFI Group has traded 7,000 shares, vs. average volume of 223,000 shares per day. The stock has underperformed the Dow (-1.8% to the Dow's -0.1%) and underperformed the S&P 500 (-1.8% to the S&P's -0.2%) during today's trading.

Following is Investment Technology Group (NYSE:ITG) with future earnings growth of 168.8%.

Finishing up the top three is SWS Group (NYSE:SWS), with future earnings growth of 109.6%.

By Peter Chu
pchu@fnno.com