Tough Times For RCS Capital Corp (RCAP): Earnings Miss Estimates, American Realty (ARCP) Files Suit

RCS Capital Corp (RCAP)'s stock plunged more than 18% in trade yesterday, after it announced its latest quarterly results for the year. The brokerage company missed the Street's estimates for earnings by a huge margin, causing the stock to dip to a 52-week low of $8.94.