NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- Marex Group plc ((‘Marex' or the ', Group', NASDAQ:MRX) a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets, today reported financial results for the fourth quarter ('Q4 2024') and year ended 31 December 2024 ('2024'). Ian Lowitt, Group Chief Executive Officer, stated, "I'm pleased to confirm that robust levels of client activity and ...

Core Insights - Marex Group plc will release its 2024 fourth quarter and full year results on March 6, 2025, before market open [1] - A conference call to discuss the results is scheduled for 9am ET on the same day, with registration available for analysts and investors [2] - An investor day is planned for April 2, 2025, in New York City [2] Company Overview - Marex Group plc is a diversified global financial services platform that provides liquidity, market access, and infrastructure services across energy, commodities, and financial markets [3] - The company enables access to 60 exchanges and offers four core services: Clearing, Agency and Execution, Market Making and Hedging, and Investment Solutions [3] - In 2023, Marex executed approximately 129 million trades and cleared 856 million contracts, serving over 4,000 active clients [3] - The company has a strong presence in major metals, energy, and agricultural products, catering to large commodity producers, consumers, traders, banks, hedge funds, and asset managers [3] - Headquartered in London, Marex operates more than 40 offices globally and employs over 2,000 staff across Europe, Asia, and the Americas [3]

Group 1 - PCB Bancorp (PCB) has seen a 4.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Zions Bancorporation, National Association (ZION) has experienced a 6.4% increase in the Zacks Consensus Estimate for its current year earnings in the past 60 days [2] - Marex Group plc (MRX) has had a 4.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] Group 2 - PCB Bancorp (PCB) has a dividend yield of 3.4%, significantly higher than the industry average of 0.6% [2] - Zions Bancorporation (ZION) has a dividend yield of 2.8%, compared to the industry average of 2.5% [3] - Marex Group plc (MRX) has a dividend yield of 1.9%, while the industry average is 0.0% [3]

Core Insights - Three stocks with strong value characteristics and a Zacks Rank 1 are highlighted for investors to consider on December 3 Company Summaries - **Marex Group plc (MRX)**: - Current year earnings estimate increased by 4.6% over the last 60 days - Price-to-earnings ratio (P/E) is 10.01, compared to the industry average of 13.20 - Value Score is B [1] - **PCB Bancorp (PCB)**: - Current year earnings estimate increased by 4.8% over the last 60 days - Price-to-earnings ratio (P/E) is 12.39, compared to the industry average of 19.60 - Value Score is B [2] - **Zions Bancorporation, National Association (ZION)**: - Current year earnings estimate increased by 6.4% over the last 60 days - Price-to-earnings ratio (P/E) is 12.48, compared to the industry average of 22.20 - Value Score is B [3]

Core Viewpoint - Marex Group PLC (MRX) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][2]. - A strong correlation exists between earnings estimate revisions and near-term stock price movements, making the Zacks rating system valuable for investors [4][6]. - For the fiscal year ending December 2024, Marex Group PLC is expected to earn $2.93 per share, representing a 168.8% increase from the previous year [8]. Institutional Investor Influence - Institutional investors utilize earnings estimates to determine the fair value of stocks, and their investment actions based on these estimates can lead to significant price movements [4][5]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [9][11].

Core Insights - The article highlights three stocks with strong income characteristics and a buy rank for investors to consider on November 26 [1][2][3]. Group 1: Company Performance - Washington Trust Bancorp, Inc. (WASH) has seen a 4.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1]. - Marex Group plc (MRX) has also experienced a 4.6% increase in the Zacks Consensus Estimate for its current year earnings in the same timeframe [2]. - ZIM Integrated Shipping Services Ltd. (ZIM) has shown a significant 41.7% increase in the Zacks Consensus Estimate for its current year earnings over the past 60 days [3]. Group 2: Dividend Yields - Washington Trust Bancorp, Inc. (WASH) offers a dividend yield of 6.0%, which is substantially higher than the industry average of 2.4% [1]. - Marex Group plc (MRX) provides a dividend yield of 1.9%, compared to the industry average of 0.0% [2]. - ZIM Integrated Shipping Services Ltd. (ZIM) has a dividend yield of 4.9%, exceeding the industry average of 3.2% [3].

Financial Highlights Marex Group plc Announces Third Quarter 2024 Results NEW YORK, 7 November 2024 (GLOBE NEWSWIRE) – Marex Group plc ('Marex' or the 'Group'; Nasdaq: MRX), a diversified global financial services platform, announces strong results for the third quarter (Q3) and nine months (9M) ended 30 September 2024, and upgraded outlook for the full year. | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------|---------- ...

Financial Performance - Marex Group plc reported a revenue increase of 32% to $391.2 million for Q3 2024, compared to $296.6 million in Q3 2023, and a 28% increase to $1,179.1 million for the nine months ended September 30, 2024, compared to $919.0 million in the same period of 2023 [1][8][16] - Profit Before Tax for Q3 2024 rose by 66% to $79.0 million from $47.6 million in Q3 2023, and for the nine months, it increased by 39% to $218.0 million from $157.1 million [1][8][16] - Adjusted Operating Profit for Q3 2024 increased by 52% to $80.5 million, with an Adjusted Operating Profit Margin of 21%, up from 18% in Q3 2023 [1][15][26] Business Segments Performance - The Clearing business saw revenue growth of 22% to $116.7 million in Q3 2024, driven by a 54% increase in net interest income [28][30] - Agency and Execution revenue increased by 30% to $170.4 million in Q3 2024, supported by the Cowen acquisition and strong organic growth [37][39] - Market Making revenue more than doubled to $52.0 million in Q3 2024, primarily due to strong performance in Metals trading [45][46] Strategic Developments - Marex upgraded its full-year guidance for Adjusted Operating Profit to approximately $300 million to $305 million, up from the previous estimate of $280 million to $290 million [3] - The company announced strategic investments, including acquisitions to expand its geographic footprint and product capabilities, such as Aarna Capital and Hamilton Court Group [3][5] - A successful secondary equity placement increased public float to approximately 52% [3] Market Conditions - The positive market backdrop and growth in exchange volumes in both commodities and financials contributed to the strong performance across all business segments [2][4] - The company continues to benefit from favorable market conditions, particularly in the energy and financial securities markets [4][40]

Marex Group plc announces 2024 Interim Results H1 2024 Highlights NEW YORK, 14 August 2024 (GLOBE NEWSWIRE) – Marex Group plc ('Marex' or the 'Group'; Nasdaq: MRX), a diversified global financial services platform, announces strong results for the six months ended 30 June 2024, and a positive outlook for the full year. | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------|-----------------------------------|--------------- ...