TSC Ratings' Updates: LaBranche

Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and interest rates.

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The following ratings changes were generated on July 18.

LaBranche(LAB - Cramer's Take - Stockpickr) through its subsidiaries, operates as a registered broker-dealer that specializes in equity securities and rights listed on the New York Stock Exchange. LAB has been upgraded to hold.

The net income increased by 94% when compared with the same quarter one year prior, rising from -$368.94 million to -$21.34 million. Compared to where it was trading a year ago, LAB's share price has not changed very much due to the relatively weak year-over-year performance of the overall market, the company's stagnant earnings and other mixed results.