Dallas broker SWS Group reports 57% drop in fiscal 4Q profit
SWS Group, Inc., a Dallas-based broker-dealer and correspondent clearing firm, said its fiscal fourth-quarter net income fell 57% on impairment to the value of two large stock holdings, foreclosed property expenses at a banking unit and lower clearing and investment banking revenue.
SWS Group, Inc., a Dallas-based broker-dealer and correspondent clearing firm, said its fiscal fourth-quarter net income fell 57% on impairment to the value of two large stock holdings, foreclosed property expenses at a banking unit and lower clearing and investment banking revenue.
The firm, w
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