BGC Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 30, 2024 at 08:13 am EDT
Share
BGC Group, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 578.61 million compared to USD 532.87 million a year ago. Net income was USD 49.21 million compared to USD 18.98 million a year ago.
Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.05 a year ago.
BGC Group, Inc. is a global brokerage and financial technology company servicing the financial markets. The Company, through its affiliates, specializes in the brokerage of a range of products, including fixed income, foreign exchange, equities, energy and commodities, shipping, and futures. It also provides a variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a range of financial and non-financial institutions. Through its brands, including Fenics, FMX, FMX Futures Exchange, Fenics Markets Xchange, Fenics Digital, Fenics UST, Fenics FX, Fenics Repo, Fenics Direct, Fenics MID, Fenics Market Data, Fenics GO, Fenics PortfolioMatch, BGC, BGC Trader, KACE and Lucera, it offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. It serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments and corporations.