Baltimore and Ohio Railroad Co. issued to Bache and Co. - 1958 dated Stock Certificate

Stock issued to Bache & Co.

Bache & Company (later known as Bache Halsey Stuart Shields Incorporated) was an American securities firm that provided stock brokerage and investment banking services. The firm, which was founded in 1879, was based in New York, New York.

In 1981, Bache was acquired by Prudential Financial to form Prudential-Bache Securities. In 1991, the usage of the Bache name was discontinued and the firm was renamed Prudential Securities, a predecessor of the investment banking operation of Wells Fargo, via its acquisition of Wachovia Securities.

Prudential Financial retained the commodities and financial derivatives businesses, keeping them separate from the joint venture. In 2003, the firm revitalized the Bache name, creating Prudential Bache. In July 2011, the Bache Institutional Group was acquired by Jefferies Group, Inc for $430 million and was renamed Jefferies, Bache. The firm traces its roots back to 1879 with the founding of Leopold Cahn & Co., a brokerage and investment bank. In 1892, Jules S. Bache, an employee and nephew of Leopold Cahn, reorganized Leopold Cahn & Co. as J.S. Bache & Co. Jules Bache was the grandson of an officer who fought under Napoleon and collected art treasures for The Louvre. Over a fifty-year career, he built the company into one of the most successful and innovative brokerage houses in the United States.

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