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 Financial, a subsidiary of StoneX Group (Nasdaq: SNEX), announced the launch of StoneHedge, a web-based merchandising system designed to enhance efficiency for commercial grain companies. The platform centralizes the management of cash bids, offers, and hedge orders, enabling better service and productivity for users. With over 50 million bushels handled in the past year, StoneHedge promises to minimize errors and streamline processes. Industry leaders have praised its user-friendly design, especially for on-the-go grain purchasing.
StoneX Group Inc. (NASDAQ: SNEX) will release its fiscal 2022 first quarter results after market close on February 7, 2022. This will be followed by a conference call on February 8, 2022 at 9:00 a.m. Eastern time to discuss the results. Participants can access the conference call via telephone or a live web cast available on the company's website. A replay of the call will be accessible approximately two hours after its conclusion until February 15, 2022.
StoneX operates a global financial services network, connecting clients to market opportunities.
On January 19, 2022, StoneX Group Inc. (Nasdaq: SNEX) announced the launch of its digital payments initiative through its Global Payments Division, aiming to enhance payment solutions for corporate and institutional clients. The initiative will leverage StoneX's expertise in cross-border payouts and in-country services. Dean Chang has been appointed as the Global Head of Digital Payments, bringing experience from Island Pay. The new digital solutions aim to facilitate local payments in emerging markets, addressing client challenges and fostering growth.
StoneX Group Inc. (Nasdaq: SNEX) will host its annual Global Markets Outlook conference from March 2-4, 2022, at the Hyatt Regency Hotel in Orlando, Florida. The event will focus on four key tracks: Global Agriculture, Dairy, Correspondent Clearing, and Wealth Management Outlook. Attendees will gain insights into market trends, including the impacts of COVID-19 and strategies for the future. Additionally, an OTC Risk Academy course for traders will take place on March 2. For more details, visit the agenda.
StoneX Group Inc. (SNEX) reported a 14% increase in quarterly operating revenues, totaling $390.1 million, for Q4 FY2021. However, net income fell 91% to $7.3 million compared to the previous year. The company achieved an annual net income of $116.3 million and a return on equity (ROE) of 13.9%. Adjusted net income increased 24% year-over-year. Despite a successful year, fourth-quarter results fell short of long-term targets due to a lack of non-recurring gains seen in FY2020.
StoneX Group Inc. (NASDAQ: SNEX) will announce its fiscal 2021 fourth-quarter results after market close on November 29, 2021. A conference call to discuss these results will take place on November 30, 2021, at 9:00 a.m. Eastern time. Shareholders and interested parties can access the call via phone or through a live webcast, with additional information available on the company's website. The replay will be accessible for a limited time following the call. StoneX operates a global financial services network, serving tens of thousands of clients worldwide.
Siebert Financial Corp. (NASDAQ: SIEB) has rebranded its subsidiary, WPS Prime Services, to RISE Financial Services, focusing on ESG initiatives for institutional investors. The company acquired 24% of Tigress Financial Partners, which now also owns 24% of RISE, facilitating collaboration in DEI and ESG efforts. Cynthia DiBartolo joins Siebert's Board, while Gloria E. Gebbia takes a position at Tigress, enhancing leadership diversity. This strategic move aims to modernize offerings and enhance partnerships in the financial services sector.
StoneX Group Inc. has appointed Dr. Dhamu R. Thamodaran to its board of directors as of October 6, 2021. Dr. Thamodaran, who previously served as Executive Vice President and Chief Strategy Officer at Smithfield Foods, brings extensive experience in commodity risk management and global supply chains. His leadership is expected to enhance board oversight and strengthen StoneX’s strategic direction. CEO Sean O’Connor noted that Dr. Thamodaran's familiarity with the firm’s culture and client-centric approach will add significant value.
StoneX Group Inc. (SNEX) reported robust financial results for Q3 2021, with operating revenues of $431.5 million, a 34% increase year-over-year. Net income was $34.2 million, reflecting a 7% decrease, while diluted EPS reached $1.67, down 11% from the previous year. The company achieved a ROE of 15.5%, surpassing its target of 15%. Client equity rose to nearly $6 billion, driven by increased trading volumes. The firm anticipates continued growth across its platforms despite a dip in some segments.
StoneX Group Inc. (NASDAQ: SNEX) will release its fiscal 2021 third quarter results on August 9, 2021, after market close. A conference call is scheduled for August 10, 2021, at 9:00 a.m. ET to discuss these results. Investors can participate by dialing the provided numbers or accessing a live web cast available on the company's website. A replay of the call will be available shortly after its conclusion, lasting until August 17, 2021. StoneX, a Fortune 500 company, serves over 35,000 clients globally through its financial services network.
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