StoneX Group Q1 Earnings Call Highlights

Operating revenues totaled just over $1.4 billion , up 52% from the year-ago quarter and 20% sequentially. Dunaway noted that StoneX’s operating revenue definition includes interest and fee income on client balances as well as carried interest tied to fixed income trading activities. Net operating revenues (which net off interest expense and certain commissions and clearing fees) increased 47% from a year ago and 24% from the prior quarter.Dunaway said the quarter produced a 22.5% return on equity despite w ...