Welcome to our dedicated page for Stonex Group news (Ticker: SNEX), a resource for investors and traders seeking the latest updates and insights on Stonex Group stock.
StoneX Group Inc. (NASDAQ: SNEX) is a leading global brokerage and financial services firm, headquartered in New York City, and included in the Fortune 500 list. The company provides an extensive range of services that encompass execution, OTC/market-making, advisory services, global payment solutions, market intelligence, physical trading, and clearing services. StoneX operates across four main segments: commercial, institutional, retail, and global payments.
StoneX connects a diverse clientele, including governmental and non-governmental organizations, commercial banks, brokers, institutional investors, and investment banks, to the global market ecosystem. The company has a strong presence in various regions including the United States, South America, Europe, the Middle East, and Asia, with a significant portion of its revenue generated from the Middle East and Asia.
In recent news, StoneX announced its financial results for the fiscal year 2023, showcasing a solid performance with pre-tax earnings of $75.4 million in the fourth quarter, up 14% year-over-year. The company reported a record full fiscal year financial performance with diluted earnings per share of $11.18, net asset value per share of $13.61, and a return on equity of 19.5%. This success is attributed to increased client engagement and higher interest earnings on client floats.
StoneX's commitment to innovation is evident through its adoption of Swift's Payment Pre-validation service, enhancing the security and speed of cross-border payments. The company leverages a network of over 350 correspondent banking relationships and facilitates foreign exchange transactions in more than 140 currencies across 180 countries.
With over 4,000 employees spread across more than 40 offices on five continents, StoneX continues to be a trusted partner for its clients, helping them navigate trading opportunities, manage market risks, make investments, and improve their business performance. For more detailed financial reports and updates, visit www.stonex.com.
StoneX Group CEO Philip Smith discussed significant gold market dynamics on Sky News Arabia, highlighting a major pricing disconnect between New York futures and London OTC physical markets, ranging from $25-30 per ounce, down from December's $60 high. Smith revealed an unprecedented physical gold movement into the US, estimating over 2,000 tons in the past 7-8 weeks.
The CEO attributed market disruptions to uncertainty over Trump's tariff policies, which are creating a "disproportionate and distorting effect on gold prices." StoneX's UK Market Analyst, Fawad Razaqzada, suggested that Trump's aggressive fiscal policies and protectionist stance could delay Federal Reserve rate cuts, potentially supporting bond yields and creating headwinds for gold.
StoneX's Precious Metals division, offering services including physical trading, financial derivatives, and storage, is positioned to assist institutions lacking direct access to physical gold during these market disruptions.
StoneX Group (NASDAQ: SNEX) announced its Payments Division will sponsor and present at the 2025 BAFT Europe Bank-to-Bank Forum in Amsterdam. The company will showcase its institutional-grade infrastructure that facilitates international payments across 140 currencies and 180 countries.
StoneX Payments leverages a network of nearly 400 correspondent banks to provide seamless currency flows, competitive pricing, and full principal protection. David Willacy, Head of Trading EMEA – Payments FX, will present on cross-border FX transactions in emerging and lesser-traded currencies on March 11, 2025.
The company aims to help financial institutions address growing demands for faster, lower-cost international transactions, focusing on eliminating inefficiencies and ensuring seamless cross-border payments in hard-to-access markets.
The Showdown 5, sponsored by StoneX Group, has set a new record for fastest ticket sales, with over 45,000 tickets already sold for the March 22, 2025 London derby between Saracens Rugby Club and Harlequins F.C. at Tottenham Hotspur Stadium. The match will feature prominent international players including Maro Itoje, Jamie George, Ben Earl, Elliot Daly, Danny Care, and Marcus Smith.
Last year's Showdown 4 saw Saracens defeat Harlequins 52-7, drawing 61,000 fans. The upcoming event will include an expanded five-hour entertainment program with live music and fireworks. The venue boasts Europe's longest bar and in-house brewery. Both teams are currently pursuing points in the Premiership standings.
FOREX.com, a StoneX Group (NASDAQ: SNEX) subsidiary, has announced its participation as the official Chillout Zone Partner at the upcoming Invest Cuffs conference in Krakow, Poland, scheduled for March 28-29, 2025. This marks FOREX.com's first appearance at this major Polish investment event, which has been a key platform for financial education for over a decade.
The conference will feature over 120 exhibitors and covers various investment sectors from real estate to cryptocurrencies. Marcin Tuszkiewicz, CEO of Squaber.com and an experienced FOREX.com trader, will represent the company as a featured speaker, presenting on price action analysis and investment psychology on March 29.
StoneX Group (NASDAQ: SNEX) has announced that its web-based merchandising platform, StoneX Hedge®, has achieved a significant milestone by surpassing 1 billion bushels in total hedge volume. The platform integrates hedge execution with enterprise resource planning (ERP) systems, reducing processing time from 2-10 minutes to just 2-10 seconds.
The platform offers real-time automation, centralized risk visibility, and integration with major ERPs including AgTrax, Agris, Oakland, AgVance, and MerchantAg. StoneX Hedge® is designed to streamline workflows, enhance decision-making capabilities, and reduce slippage in grain merchandising operations.
Advyzon has announced a strategic partnership with StoneX Financial Inc. (NASDAQ: SNEX), integrating Advyzon's comprehensive wealthtech platform with StoneX's Correspondent Clearing division. The partnership will provide StoneX's introducing broker-dealers and financial advisors access to Advyzon's full suite of services, including portfolio management, performance reporting, trading, and CRM capabilities.
StoneX, serving over 54,000 commercial and institutional clients and 400,000 retail accounts globally, will have a customized version of Advyzon's platform configured to their specifications. The solution includes access to Advyzon Investment Management's model marketplace, Nucleus. This marks Advyzon's first partnership with a publicly traded company and expands their international market presence, demonstrating their capability to support enterprises of any size.
StoneX Group Inc. (NASDAQ: SNEX) has announced a strategic partnership with Fiserv, Inc. (NYSE: FI) to enhance cross-border payment capabilities for financial institutions. The collaboration integrates StoneX Payments with Fiserv's Payments Exchange Services, enabling community banks and credit unions to access institutional-grade infrastructure for global payments.
The partnership provides financial institutions with improved global reach, competitive pricing, and enhanced transparency across cross-border payment lifecycles. Fiserv's platform offers real-time payments through the RTP® Network and FedNow® Service, operating 24/7/365. StoneX's global coverage aims to eliminate redundancies and streamline international transfer processes, potentially reducing costs and accelerating payment fulfillment.
StoneX Group Inc. (SNEX) reported record financial results for Q1 fiscal 2025. Key highlights include:
- Record quarterly net operating revenues of $492.1 million, up 17%
- Record quarterly net income of $85.1 million, up 23%
- Record quarterly diluted EPS of $2.54, up 19%
- Return on equity (ROE) of 19.5%
The company experienced strong client engagement with increased volumes across all operating segments. Notable segment performance includes:
- Commercial segment income up 17% to $102.2 million
- Institutional segment income up 20% to $78.1 million
- Self-Directed/Retail segment income up 98% to $56.9 million
The Board of Directors approved a three-for-two stock split, to be distributed on March 21, 2025, to stockholders of record as of March 11, 2025.
StoneX Group (NASDAQ: SNEX) has completed the acquisition of Octo Finances SA, a Paris-based fixed income broker. The strategic move aims to expand StoneX's fixed income offerings and strengthen its European presence. Octo Finances, established in 1991, brings expertise in bond and convertible sales, debt capital markets, and credit research, having published over 75,000 reports since its inception.
Anthony Di Ciollo, Global Head of Fixed Income at StoneX, expressed enthusiasm about the acquisition, highlighting ongoing joint planning and growth opportunities for the combined business in Europe.
StoneX Group Inc. (NASDAQ: SNEX) has announced it will release its fiscal 2025 first quarter financial results after market close on Wednesday, February 5, 2025. The company will hold a conference call the following day, Thursday, February 6, 2025, at 9:00 a.m. Eastern Time, where management will review the quarterly results.
Interested parties can access the live webcast and additional information in PDF format at stonex.com. Participants can join the call via a registration link approximately ten minutes before the start time. For those unable to attend the live broadcast, a replay will be available on the company's website.
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