LaBranche & Co Inc. · New York, NY United States ·(NYSE: LAB)
Company Description
Phone: 212-425-1144
Fax: 212-344-1469
Rankings
- S&P 600
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This link will open in a new window LaBranche's family tree includes two primary branches -- the market makers and the brokers. LaBranche & Co is a market maker for the common stock of more than 600 NYSE -listed firms, including Dow Jones components American Express , AT&T , DuPont , Exxon Mobil , Merck , and 3M . One of the oldest and largest designated market makers, LaBranche & Co matches buyers and sellers and compensates for demand imbalances by buying or selling stocks for its own account. Subsidiary LaBranche Structured Holdings focuses on options, futures, and exchange-traded funds (ETFs). LaBranche provides brokerage and clearing services for institutional clients through LaBranche Financial Services. To read the full description, subscribe now.
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Key LaBranche & Co Inc. Financials
| Company Type | Public - NYSE: LAB Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $104.9 |
| 2008 Employees | 213 |
LaBranche & Co Inc. Executives
11 executives listed for LaBranche & Co Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | George LaBranche | Network |
| COO | William Burke | Network |
| SVP and CFO | Jeffrey McCutcheon | Network |
Competition
Competitive Landscape for LaBranche & Co Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top LaBranche & Co Inc. Competitors
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