Tag: StoneX

StoneX
August 04, 2022 BY Steffy Bogdanova

StoneX net income jumps 44% to $49 million in Q3 FY22

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…

Read more
StoneX
May 05, 2022 BY Steffy Bogdanova

StoneX FX/CFD revenue jumps 32% in Q2 2022

The New York-headquartered Group’s revenue from FX and CFD jumped 32% in Q2 2022, gaining $98.9 million, attributed to an $18.8 million increase in retail operating revenue. Gain Capital acquisition StoneX acquired Gain Capital in 2020 and is now the owner of major forex and CFDs trading brands. In the second quarter the company reported…

Read more
StoneX
April 28, 2022 BY Steffy Bogdanova

StoneX increases size of credit facility to $475 Million

Sean O'Connor, CEO of StoneX, said: Through increased support from our existing bank group as well as through a number of key new relationships, we are excited to announce the renewal and expansion of this important credit facility. With the support of this expanded group of bank partners, we look forward to continuing to expand…

Read more
William Wilson joins StoneX
April 13, 2022 BY Steffy Bogdanova

StoneX hires William Wilson as Head of Debt Capital Markets

As StoneX’s new Head of Debt Capital Markets, Wilson will focus on developing bespoke private credit solutions, corporate debt issuance, and SPACs leveraging StoneX’s core target of serving mid-market clientele. Wilson’s appointment is the latest addition to StoneX’s rapidly growing Fixed Income Division which has added over 10 new team members in past six months…

Read more
February 08, 2022 BY Steffy Bogdanova

StoneX sees 21% increase in FX and CFDs revenue in Q1

The diluted earnings per share (EPS) jumped 108% in Q1 to $2.04 per share. FX and CFDs demand The forex and contracts for differences (CFDs) market generated operating revenue of $72.2 million, registering a 21% rise compared to the same period the previous year. StoneX highlighted that this was driven by a $12.1 million increase…

Read more
November 30, 2021 BY Steffy Bogdanova

StoneX sees 14% increase in operating revenue in Q4 FY21

Sean M. O’Connor, CEO of StoneX Group Inc., stated: Although our fourth quarter earnings were below our long-term target, we were pleased to see that for the fiscal year we achieved record operating revenues and a 13.9% ROE. Last year included the significant non-recurring gain on our acquisition of Gain Capital Holdings, Inc. (“Gain”), adjusting…

Read more
November 10, 2021 BY Steffy Bogdanova

StoneX teams up with Asaka Bank to make Uzbekistani Som available on its payment platform

Thiago Vieira, Senior Vice President of StoneX’s Global Payments Division in Asia/Pacific, said: We are extremely pleased to embark on this expansion with our esteemed counterparts at Asaka Bank. Our proprietary suite of payment technology and our effective management of the ever-evolving settlement network upon which it sits are among the key strengths that drive…

Read more