Welcome to our dedicated page for BGC Group news (Ticker: BGC), a resource for investors and traders seeking the latest updates and insights on BGC Group stock.
BGC Group, Inc. (Nasdaq: BGC) is a leading global brokerage and financial technology company, catering to the financial markets, energy, and commodities sectors worldwide. Specializing in brokerage services, BGC offers an extensive array of financial products such as fixed income, equities, commodities, derivatives, and real estate. The company's robust service portfolio also includes software solutions for trading platforms, clearing, trade execution, and other back-office functions.
With a significant client base comprising banks, financial institutions, and corporate clients, BGC operates predominantly in the brokerage segment. Geographically, it generates revenue from regions including Asia, Europe/MEA, France, and the Americas, with the United Kingdom and the United States being its largest revenue contributors.
In recent developments, BGC Group has been proactive in expanding its market presence and technological capabilities. The company announced an updated outlook for the fourth quarter of 2023, expecting double-digit growth in revenue and pre-tax adjusted earnings. Additionally, BGC's ongoing projects include the FMX Futures Exchange, which received regulatory approval from the Commodity Futures Trading Commission (CFTC) to operate U.S. Treasury and SOFR futures contracts, promising to bring competition to the CME's interest rate complex.
BGC's commitment to innovation is further evidenced by its strategic partnerships with major financial institutions. FMX, a BGC initiative, has secured equity investments from Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo, and is set to launch in September 2024. This collaboration is poised to enhance liquidity in the interest rate futures market and bolster BGC's market share.
Financially, BGC Group reported strong results for the fourth quarter and full year of 2023 and continues to share its success with shareholders through regular dividend declarations. The company's inclusion in the S&P SmallCap 600 index marks a significant milestone, reflecting its growth trajectory and commitment to shareholder value.
About BGC Group, Inc.
BGC Group, through its affiliates, offers a comprehensive range of services including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services. With brands such as Fenics®, FMX™, and BGC®, the company provides financial technology solutions, market data, and analytics across various financial instruments and markets.
For more information about BGC Group, Inc., please visit www.bgcg.com or follow them on Twitter and LinkedIn.
BGC Group has announced its 2024 Virtual Annual Meeting of Stockholders, scheduled for Monday, September 16, 2024, at 10:00 a.m. ET. The meeting will be held virtually, with a live audio webcast available at http://ir.bgcg.com or directly at www.virtualshareholdermeeting.com/BGC2024.
Shareholders and interested parties can access the webcast archive for 365 days following the meeting. This virtual format allows for broader participation and engagement with BGC Group's stakeholders. The company, traded under the ticker symbol BGC on Nasdaq, is providing this digital platform to ensure transparency and accessibility for its annual stockholder meeting.
BGC Group, Inc. (Nasdaq: BGC) has released its financial results for the second quarter ended June 30, 2024. The company has declared a quarterly dividend of 2 cents per share. BGC has scheduled a conference call to discuss the results at 10:00 AM ET today. Detailed financial information, including the earnings presentation and supplemental financial tables, is available on the company's investor relations website at http://ir.bgcg.com/.
While specific financial figures are not provided in this brief announcement, investors and analysts can access comprehensive data through the company's website. The declaration of a dividend suggests ongoing shareholder returns, but the amount may be subject to interpretation based on historical context and industry standards.
BGC Group (Nasdaq: BGC) will release its second quarter 2024 financial results on July 30, 2024, at 8:00 a.m. ET, followed by a conference call at 10:00 a.m. ET to discuss the results.
The financial results and the webcast link will be available at BGC's investor relations website, http://ir.bgcg.com. Participants can join the webcast or use the Call me™ link for instant access. Dial-in numbers are provided for U.S. and international callers.
The conference call will offer investors insights into BGC's performance and allow them to ask questions directly to the company's management.
BGC Group has reaffirmed its outlook for the second quarter of 2024, maintaining its previously stated revenue and pre-tax Adjusted Earnings ranges. This comes after its financial results press release from April 30, 2024. BGC uses non-GAAP financial measures like Adjusted Earnings and Adjusted EBITDA to better represent its operational performance, adjusting for various non-cash items and exceptional expenses. The company believes these measures, which exclude equity-based compensation and other non-operational charges, offer a clearer view of its underlying earnings and business trends. BGC's management emphasizes that these non-GAAP metrics are supplemental and should not replace GAAP measures for evaluating financial performance.
BGC Group (Nasdaq: BGC) will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 11, 2024. The presentation will be led by Chairman and CEO, Howard W. Lutnick, at 11:00 a.m. ET.
Investors can access a live webcast of the event at http://ir.bgcg.com, with a replay available for 180 days following the conference. Statements made during the webcast may cover various financial, operational, and strategic topics relevant to the company's performance and outlook.
BGC Group (Nasdaq: BGC) has announced that its Chairman and CEO, Howard W. Lutnick, will present at the Piper Sandler Global Exchange & Trading Conference on June 5, 2024, at 11:00 a.m. ET.
The event will be webcast live and available on BGC's investor relations website. A replay of the presentation will remain accessible on the site for 180 days post-conference.
BGC Group, Inc. (Nasdaq: BGC) reported its first-quarter 2024 financial results, declaring a quarterly dividend of 2 cents. The company will host a conference call to discuss the results at 10:00 AM ET today. For more details, visit http://ir.bgcg.com/.
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