StoneX(SNEX)

Search documents
Grab These 5 Mid-Cap Stocks to Strengthen Your Portfolio in Q4 2025
ZACKS· 2025-09-10 15:11
Key Takeaways Major U.S. stock indexes hover near record highs, while the S&P 400 mid-cap index is up 4.9% year to date.Mid caps offer diversification, balancing growth potential and resilience against economic swings.DDS, STRL, SNEX, AWI and WTS stand out with strong growth forecasts and favorable analyst estimates.U.S. stock markets have been witnessing an astonishing bull run since the beginning of 2023 barring some minor fluctuations. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq C ...
The Benchmark Company Announces Upcoming Nuclear Innovation Summit
Globenewswire· 2025-09-08 15:30
NEW YORK, Sept. 08, 2025 (GLOBE NEWSWIRE) -- The Benchmark Company, a subsidiary of StoneX Group Inc. (Nasdaq: SNEX), is pleased to announce its inaugural Nuclear Innovation Summit to be held Tuesday and Wednesday, September 16-17 at the Oak Ridge Conference Center and National Lab. This exclusive two-day in-person event will connect dynamic public and private companies from the nuclear energy sector with Benchmark’s network of institutional investors. The Manhattan Project placed Oak Ridge at the heart of ...
StoneX Acquires Right Corp, Expanding Global Trading Capabilities to Include Wholesale Meat Supply and Distribution
Globenewswire· 2025-09-04 12:00
NEW YORK, Sept. 04, 2025 (GLOBE NEWSWIRE) -- StoneX Commodity Solutions (SCS), a subsidiary of StoneX Group Inc. (NASDAQ: SNEX) ("StoneX"), announced today the completion of its acquisition of Right Corporation, a Bozeman, MT physical meat-trading company. The acquisition enhances StoneX’s global trading capabilities, extends Right Corporation’s market reach and capitalizes the company for growth. With StoneX’s support, Right Corporation intends to build on relationships with existing suppliers, traders and ...
StoneX Payments Appointed by Bank Mendes Gans to Power Global Cross-border Payment Expansion
Globenewswire· 2025-08-26 08:43
Core Insights - StoneX Group Inc. has announced a strategic partnership with Bank Mendes Gans to enhance cross-border payment capabilities in thinly traded currencies [1][2] - The collaboration will leverage StoneX Payments' technology and expertise to improve BMG's payment infrastructure and liquidity management services [2][4] Company Overview - StoneX Group Inc. operates a global financial services network, providing digital platforms, clearing and execution services, and market risk management solutions [5] - The company serves over 54,000 commercial and institutional clients, with more than 400,000 retail accounts across 40 offices worldwide [5] Partnership Details - The partnership will enable BMG to process international payments in over 140 currencies across 180 countries, utilizing StoneX Payments' API-driven platform [2][3] - StoneX Payments' infrastructure will facilitate faster settlement times, payment data validation, and competitive foreign exchange rates, addressing inefficiencies in traditional banking systems [3][4] Strategic Impact - The collaboration is expected to broaden BMG's liquidity management capabilities and enhance the flexibility and transparency of international transactions [4] - The partnership will also introduce new currency corridors and expand BMG's reach into underserved and emerging markets [3]
Gold and silver forecasts revised higher, but gains will be limited - StoneX's Rhona O'Connell
KITCO· 2025-08-18 21:04
Core Insights - The article discusses the author's background and experience in journalism and the financial sector, emphasizing a decade of reporting experience and a focus on economic issues [3]. Group 1 - The author has a diploma in journalism from Lethbridge College and has over ten years of reporting experience [3]. - The author has covered territorial and federal politics in Nunavut, Canada, showcasing a diverse reporting background [3]. - Since 2007, the author has worked exclusively within the financial sector, starting with the Canadian Economic Press [3].
StoneX(SNEX) - 2025 Q3 - Quarterly Report
2025-08-06 21:53
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 000-23554 StoneX Group Inc. (Exact name of registrant as specified in its ...
StoneX(SNEX) - 2025 Q3 - Earnings Call Transcript
2025-08-06 14:02
Financial Data and Key Metrics Changes - The third quarter net income was $63.4 million, with diluted earnings per share (EPS) of $1.22, reflecting a 2% growth in net income but a 2% decline in diluted EPS compared to the prior year due to additional shares outstanding [5][42] - Operating revenues reached $1.024 billion, up 12% year-over-year and 7% sequentially [5][6] - Return on equity (ROE) was 13.1%, with a 49% increase in book value over the last two years [5] Business Line Data and Key Metrics Changes - The securities segment saw a 30% increase in operating revenues, driven by a 25% increase in volumes and a 15% increase in rate per million [10] - Payments revenues increased by 5% year-over-year and 6% sequentially [10] - The commercial segment's net operating revenues declined by 24%, primarily due to a 44% drop in physical contracts [12][14] - The institutional segment achieved record net operating revenues and segment income, with growth of 27% and 41% respectively [13] Market Data and Key Metrics Changes - Interest and fee income on client balances decreased by 11% year-over-year, primarily due to lower short-term interest rates [11] - Average daily volume in FX CFD contracts increased by 34%, contributing to the self-directed retail segment's 18% increase in net operating revenues [14][15] Company Strategy and Development Direction - The company closed the RJO and Benchmark acquisitions, which are expected to be transformational and position the company as a market leader in global derivatives [17][18] - The integration of RJO is anticipated to enhance earnings and margins, with a focus on realizing synergies within the next 3 to 12 months [22][73] - The company aims to expand its custody and clearing capabilities, including digital asset custody, to meet evolving client needs [30][40] Management's Comments on Operating Environment and Future Outlook - Management noted that the commercial segment faced challenges due to tariff uncertainties and diminished volatility, impacting client activity [48][49] - The company remains optimistic about the growth trajectory following the acquisitions, expecting to capitalize on industry transformations driven by regulatory changes [43][44] - Management emphasized the importance of maintaining a strong client-centric approach amid ongoing market volatility [77][80] Other Important Information - The company reported a trailing twelve months net income of $296.9 million, up 26%, with an EPS of $5.87 [8] - The company has a robust balance sheet and diverse offerings, which are expected to support long-term growth [44] Q&A Session Summary Question: Can you elaborate on the weakness in the commercial segment? - Management indicated that the weakness was primarily due to tariff uncertainties and lack of volatility in the agricultural sector, which affected trading volumes [48][49] Question: Any updates on revenue synergies for RJO now that it's closed? - Management stated that while it is difficult to quantify revenue synergies immediately, they believe the potential is significant, particularly in the commercial segment [55][56] Question: What are the longer-term plans for the retail segment? - Management outlined plans to expand the retail segment into a multi-asset class offering, with infrastructure improvements expected to be completed by the end of the fiscal year [61][65] Question: What should we expect from the integration of RJ O'Brien? - Management plans to provide updates on synergy realization, with a focus on international integration expected to yield quick wins [70][73]
StoneX(SNEX) - 2025 Q3 - Earnings Call Transcript
2025-08-06 14:00
Financial Overview - The third quarter net income was $63.4 million, with diluted earnings per share (EPS) of $1.22, reflecting a 2% growth in net income but a 2% decline in diluted EPS compared to the prior year due to additional shares outstanding [5][44] - Operating revenues reached $1.024 billion, up 12% year-over-year and 7% sequentially [5][6] - Total compensation and other expenses increased by 5% year-over-year and 3% sequentially, with fixed compensation and related costs up 6% year-over-year [6][7] - The trailing twelve months results showed operating revenues up 17%, net income up 26%, and EPS of $5.87, with a return on equity (ROE) of 16.6% [8] Business Line Performance - Growth was observed in securities, payments, and FX CFDs, while declines were noted in listed and OTC derivatives, physical contracts, and interest and fee income on client balances [8][9] - Operating revenues from physical contracts decreased by 17% year-over-year, primarily due to tariff-related uncertainties [9][10] - Securities operating revenues increased by 30%, driven by a 25% increase in volumes and a 15% rise in rate per million [10][11] - The commercial segment's net operating revenues declined by 24%, primarily due to a 44% drop in physical contracts [12][13] - The institutional segment saw record net operating revenues and segment income growth of 27% and 41% respectively [13][14] - The self-directed retail segment's net operating revenues increased by 18%, with segment income up 49% [14][15] Market Data - Interest and fee income on client balances decreased by 11% year-over-year, primarily due to lower short-term interest rates [11][12] - Average daily volume in FX CFD contracts increased by 34%, contributing to the growth in the self-directed retail segment [15][16] Company Strategy and Industry Competition - The company closed the RJO and Benchmark acquisitions, which are expected to be transformational and position the company as a market leader in global derivatives [18][19] - The RJO acquisition is anticipated to enhance earnings and margins, with a focus on integrating capabilities and expanding market reach [19][22] - The Benchmark acquisition is expected to provide robust sales and trading platforms, enhancing the company's investment banking capabilities [25][26] Management Commentary on Operating Environment and Future Outlook - Management noted that the commercial segment faced challenges due to tariff uncertainties and diminished volatility in key agricultural markets [50][51] - The company remains optimistic about the potential revenue synergies from the RJO acquisition, particularly in the commercial segment [56][58] - Management highlighted the ongoing uncertainty in the macro environment but noted that volatility can be beneficial for trading activities [78][79] Other Important Information - The company is focused on expanding its custody and clearing capabilities, including launching digital asset custody solutions [31][34] - The company reported a 27% year-over-year increase in correspondent clearing balances, indicating strong growth across major business lines [33][36] Q&A Session Summary Question: Can you provide more detail on the weakness in the commercial segment? - Management attributed the weakness to tariff uncertainty and lack of volatility in the agricultural sector, impacting trading volumes and revenue capture [50][51][52] Question: Any updates on revenue synergies for RJO now that it's closed? - Management indicated that while it is difficult to quantify revenue synergies immediately, they believe the potential is significant, particularly in the commercial segment [56][58] Question: What are the longer-term plans for the retail segment? - Management discussed plans to expand the retail segment beyond FX trading, focusing on a multi-asset class offering [63][66] Question: What are the priorities for the integration of RJ O'Brien? - Management outlined a focus on realizing synergies quickly, particularly on the international side, while ensuring a seamless integration process for U.S. operations [72][75] Question: Are there any changes in behavior from large financial institutions? - Management noted no significant changes in behavior from banks regarding investment in the FCM business, indicating a continued focus on other strategic priorities [84][85]
StoneX(SNEX) - 2025 Q3 - Earnings Call Presentation
2025-08-06 13:00
StoneX® Tourina sewas and overt the counter derivatives aychone-roded desincitives mnd specur tites in obles substantisir insk and is not suitable for all investors: The informat trocke nor investmentresearch or an offer to buy or sell carlies or security. It does not take into occounty conticular investment cojectives, financial studion or reeabs any of the Stone? Group comparies to renter into ony transaction with you. You are colsest to perform an incependent investigation of can yramsaction it o delemin ...
StoneX Group Inc. (SNEX) Q3 Earnings Lag Estimates
ZACKS· 2025-08-05 23:16
Over the last four quarters, the company has surpassed consensus EPS estimates three times. StoneX Group, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $1.02 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 10.96%. This compares to year-ago revenues of $913.7 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the ...