BinckBank Q1 results in line, sees little trading
AMSTERDAM, April 23
AMSTERDAM, April 23 (Reuters) - Dutch online broker BinckBank said on Monday there was relatively little trading activity by its clients in the year to date, and reported first-quarter results in line with analysts' expectations.
As a result of the low trading activity by its clients - who include retail investors, professional brokers and asset managers - BinckBank reduced its marketing budget, the company said in a statement.
First-quarter earnings per share, adjusted for certain amortisation costs, mainly goodwill, were 0.21 euros per share, compared with two forecasts of 0.19 and 0.21 euros per share.