The company’s recent acquisitions include CDI Société Cotonnière de Distribution and Gain Capital Holdings. According to StoneX’s records, its non-taxable gain from the first acquisition was $23.5m for the nine months leading up to 30 June 2023. In its media statement, StoneX CEO Sean O’Connor said: We achieved record net operating revenues this quarter as…
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Cross-border payments have notoriously been plagued by complexities, including regulatory hurdles, bank downtime, and rising competition. In addition, inaccurate beneficiary details alone account for nearly a third of failed cross-border transactions, incurring significant costs and delays, according to the financial services company. Recognising the challenges, Swift said it has introduced its Payment Pre-validation service, which…
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In the first quarter of the year, net income came in at $41.7 million during the first quarter, registering a 35% drop compared to Q2 FY23. The number was also 45.6% lower than the previous quarter. StoneX’s ROE also decreased to 13.8% in Q2 FY23. The diluted earnings per share (EPS) fell 37% during the…
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Clayton Passero, Managing Director and Head of Futures Online, StoneX Financial Group, said: StoneX is committed to providing our clients with greater choice and access across financial markets to maximize their futures trading needs. This agreement enables StoneX clients to access Coinbase’s robust portfolio of products while benefiting from StoneX’s high-value and transparent clearing and…
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Hunter Hill commented: Zach, Les and Joe bring deep relationships with municipal and commercial financial advisors. They will expand our underwriting of and distribution in Agency debentures and provide synergies with our rapid growth in Treasuries. StoneX Financial Inc. (SFI) is a financial services company with an international presence that provides clients with a range…
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In the first quarter of the year, net income came at $76.6 million during the first quarter, registering a 84% jump compared to Q1 FY22. StoneX’s ROE also improved by 27.3% in Q1 FY23. The diluted earnings per share (EPS) jumped 77% during the last quarter to $3.62 per share. FX and CFDs demand The…
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Matthew Ardizzone said: StoneX’s broad product portfolio and geographic scale makes us well-placed to deliver a comprehensive digital assets solutions offering to financial institutions as the market looks more towards well-established and regulated entities for their needs. I am pleased to join StoneX at this time to build out the digital asset business within StoneX’s…
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Net income for the full fiscal year came in at $207.1 million, registering a 78% rise compared to FY21. The New York-headquartered Group' s basic earnings per share stood at $2.58, and the diluted ones was 2.49. They were 597% and 592% up, respectively. For the full year, basic earnings per share $10.27 and diluted…
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Sean M. O’Connor, StoneX Group’s CEO, said: We continued to see strong performance across all products and segments, resulting in net income for the quarter of $49.1 million, up 44% compared to the prior year, and diluted EPS of $2.37. Standout performance was achieved by our retail business, with segment income up 338%, and our…
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Brian Mulcahy, Head of StoneX Digital, commented: StoneX is committed to providing our clients access to a wide array of markets, diverse asset classes, and the tools necessary to interact with those markets effectively. We are thrilled that StoneX Digital will give institutional investors the ability to execute and custody cryptocurrencies just as they would…
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