BGC Reports Fourth Quarter and Full Year 2025 Financial ResultsFeb 12, 2026 8:12 AM Eastern Standard Time# BGC Reports Fourth Quarter and Full Year 2025 Financial ResultsShare---BGC Declares Quarterly Dividend of 2 CentsConference Call to Discuss Results Scheduled for 10:00 AM ET TodayNEW YORK-- ([BUSINESS WIRE])--BGC Group, Inc. (Nasdaq: BGC) today reported its financial results for the fourth quarter and full year ended December 31, 2025.A complete financial results press release, including information ab ...

Core Viewpoint - BGC Group, Inc. has received authorization as a U.K. registered benchmark administrator from the U.K. Financial Conduct Authority, enhancing its benchmark offerings and supporting clients' issuance activities with regulated reference data [1][2][3]. Group 1: Benchmark Authorization - BGC Brokers L.P. is now authorized as a U.K. registered benchmark administrator licensee under the U.K. Benchmarks Regulation [1]. - This registration allows BGC to provide clients with regulated benchmark reference data that supports valuation and risk management activities across key rates markets [3]. Group 2: Approved Benchmark Offerings - BGC's approved benchmark offerings include swaps pricing in EUR IRS, GBP IRS, cross-currency swaps, and EU and U.K. Inflation swaps [2]. - The enhancement provides clients with an FCA regulated reference page, improved data quality, and a strong alternative benchmark solution for their issuance activities [2]. Group 3: Commitment to Standards - BGC emphasizes its commitment to the highest standards of benchmark administration, integrity, transparency, and resiliency for clients [3]. - The company looks forward to expanding its benchmark offerings into other products and markets [3]. Group 4: Company Overview - BGC Group, Inc. is a leading global marketplace and financial technology services company, serving a broad range of products including fixed income, foreign exchange, energy, and commodities [4]. - The company partners with major global investment banks and market-making firms to create innovative platforms, including the FMX Futures Exchange [4].

Core Viewpoint - Singapore Exchange Limited (SGX) has experienced a significant share price increase of approximately 43% over the past year, driven by strong fundamentals, increased trading volumes, new IPOs, and supportive policies [1][3]. Group 1: Business Fundamentals - SGX operates as Singapore's sole approved and regulated stock exchange, creating a natural monopoly that allows for robust cash flow generation with minimal capital expenditure [2]. - The exchange has a solid dividend track record, having paid annual dividends since 2003, which has historically rewarded long-term shareholders with dependable dividends and capital appreciation [5][6]. - SGX's recent annual dividend for 2025 is S$0.375 per share, with a payout ratio of 61.9%, supported by a healthy free cash flow of S$773.6 million for FY2025 [6]. Group 2: Recent Developments - Recent market fluctuations have led to increased trading and derivatives volumes, alongside positive policy initiatives and market reforms that have heightened interest in Singapore's markets [3][4]. - SGX is diversifying its offerings, including data, derivatives, and fixed income, which reduces reliance on equity trading and supports revenue growth [5][7]. Group 3: Investment Considerations - Despite the positive outlook, SGX's current forward price-to-earnings (P/E) ratio stands at 27.6 times, which is elevated compared to its 10-year historical average of 21.9 times, indicating stretched valuations [8]. - Long-term investors should focus on underlying fundamentals rather than short-term price movements, with current trailing annual yield at 2.1%, below the 10-year average of 3.44% [9][10]. - A dollar-cost-averaging (DCA) strategy may be prudent for investors to mitigate the risk of buying at a premium while ensuring consistent dividend income [11].

Core Viewpoint - MakeMyTrip Limited has issued a Repurchase Right Notice to holders of its 0.00% Convertible Senior Notes due 2028, allowing them to require the company to repurchase the notes on specified dates [1][3]. Group 1: Repurchase Right Details - The Repurchase Right allows holders to require the company to repurchase all or a portion of their notes at par value on February 15, 2026 [3]. - The total outstanding principal amount of the notes as of January 12, 2026, is US$230 million, meaning if all notes are repurchased, the total cash purchase price will also be US$230 million [3]. - The Repurchase Right expires at 11:59 p.m. Eastern Time on February 12, 2026, and holders must follow specific procedures to exercise this right [4]. Group 2: Company Overview - MakeMyTrip Limited is a leading travel service provider in India, operating well-known brands such as MakeMyTrip, Goibibo, and redBus [9]. - The company offers a wide range of travel services, including air ticketing, hotel bookings, holiday planning, rail ticketing, and car hire, both domestically and internationally [9][10]. - MakeMyTrip provides access to major airlines and accommodation properties in India and abroad, as well as services like travel insurance and visa processing [10].

Group 1 - Citizens Financial Group, Inc. (CFG) will report its third quarter 2025 earnings on October 15, 2025, with a live conference call scheduled for 9:00 am ET [1] - The company has $218.3 billion in assets as of June 30, 2025, making it one of the nation's oldest and largest financial institutions [2] - Citizens offers a wide range of retail and commercial banking products and services, including mobile and online banking, with approximately 3,000 ATMs and 1,000 branches across 14 states and the District of Columbia [2] Group 2 - In Consumer Banking, Citizens provides a full range of banking, lending, savings, wealth management, and small business offerings [2] - In Commercial Banking, Citizens offers financial products and solutions such as lending, leasing, deposit and treasury management services, and risk management solutions [2]

Company Overview - The Western Union Company (NYSE: WU) provides global money transfer and payment solutions through various channels including retail agents, digital platforms, and mobile services [1] - The company offers a range of services such as bill payments, money orders, prepaid cards, foreign exchange, and digital wallet services [1] Recent Developments - On September 9, Western Union formed a partnership with dLocal (NASDAQ: DLO) to enhance digital payment options for money transfers in Latin America [1] - This partnership allows customers to utilize local payment methods like bank transfers and cards on Western Union's online platforms, resulting in increased choice, faster transfers, and lower costs [1] - The deal aligns with the region's growing shift towards digital services, following record remittance levels of $161 billion in 2024 [1] Market Sentiment - Jim Cramer expressed a negative outlook on Western Union, highlighting the lack of growth despite its high yield, indicating a preference for investments that offer growth and compounded income [1]