KBW Inc.KBW

Morningstar Rating

Stock Research and Analysis

by Michael Wong, CPA

KBW is an investment bank that specializes in the financial services industry. Write-downs on poor-quality assets led to disappointing earnings during the financial crisis. However, KBW's balance sheet was able to absorb the losses, and the company Read more

Bulls Say

The company has been fairly successful with its London office, and international expansion could provide another avenue of growth.

Consolidation or bankruptcies in the financial services industry could increase advisory revenues.

As a group, financial service companies have a greater need to raise capital and may go to KBW for its expertise. Read more

Bears Say

KBW is focused on one industry, and its profitability will ebb and flow with it.

The company's asset-management division may have a difficult time recovering.

The company's niche in structured finance may take a long time to come back. Read more

Strategy

KBW dedicates itself to servicing financial service companies, giving it an expertise in the sector tough for competitors to match. The company focuses on small- and mid-cap companies that have been Read more

Management

John Duffy is chairman and CEO. While at KBW, he has held various positions such as executive vice president of the corporate finance department, president, and co-CEO. Before joining the company in 1978, he was a vice president at Standard & Poor's Read more

Profile

KBW is a full-service investment bank that focuses on assisting small- and mid-cap financial service companies. Its activities are organized into investment banking, equity Read more

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