| Over a month ago | ||||
Reports Q4 revenue… Reports Q4 revenue $13.01M vs. $14.34M last year. Sean O'Connor, the company's CEO, stated, "We achieved very strong results in the fiscal first quarter 2023, delivering increases in operating revenues and net income, which resulted in a diluted EPS of $3.62 and an ROE of 27.3% for the quarter. These results included a $23.5 million non-taxable gain on the acquisition of CDI, which contributed $1.11 of earnings per diluted share, and a significant increase in interest income, reflecting the growth in our client assets and the higher interest rate environment. While trading conditions moderated towards the end of the first quarter, the multiple drivers of our results, including our disciplined approach to acquisitions, the strong growth in client assets and our core operating performance, exemplify the diversity in our operating model. We believe that these multiple drivers and our ongoing investments position us to continue to empower our clients, drive growth and deliver shareholder value." | ||||
| Over a quarter ago | ||||
StoneX Group announced… StoneX Group announced that it has expanded its cotton trading and hedging capabilities through the acquisition of CDI-Societe Cotonniere De Distribution S.A. Founded in 1957, CDI operates a global cotton merchant business with a network of producers in Brazil and West Africa, and buyers in the APAC region. CDI is headquartered in Lausanne, Switzerland with an office in Brazil. CDI has been trading in cotton from these geographies for over 20 years. The acquisition closed on October 31. Financial terms of the transaction were not disclosed. | ||||
StoneX Group announced… StoneX Group announced that it is now a member of the SWIFT Platform Partnership Program through its wholly-owned subsidiary, StoneX Technology Services. Membership in the SWIFT Platform Partnership Program allows StoneX's customers to connect directly to the full suite of Application Programming Interface connectivity to the SWIFT network. Venkat Banavar V., Head of SWIFT Bureau Business for StoneX Technology Services, commented, "This partnership with SWIFT will deliver StoneX's clients with more transparency into, and control over, their financial transactions. These best-in-class APIs will greatly enhance the client experience, enabling them to access StoneX Global Payments products and services." | ||||
Financial Services… Financial Services Analyst Fannon holds a meeting with CEO O'Connor and CFO Dunaway in New York on September 7 hosted by Jefferies. | ||||
StoneX Markets, a… StoneX Markets, a subsidiary of StoneX Group, announced that it successfully executed and settled its first cash-settled BTC/USD swap. The counterparty to the trade was one of StoneX's institutional FX clients, Liquidity Solutions Global, the London-based subsidiary of DriveWealth Holdings and a liquidity provider to multiple cryptocurrency venues. | ||||
