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BGC Group Inc - BGC STOCK NEWS

Welcome to our dedicated news page for BGC Group (Ticker: BGC), a resource for investors and traders seeking the latest updates and insights on BGC Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BGC Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BGC Group's position in the market.

Rhea-AI Summary
BGC Group, Inc. updates its outlook for the first quarter of 2024, reaffirming revenue and pre-tax Adjusted Earnings ranges. The company clarifies non-GAAP financial measures, including Adjusted Earnings definitions, equity-based compensation exclusions, and other adjustments. BGC's key executives and producers hold equity stakes, influencing fully diluted shares. Adjusted Earnings calculations exclude non-cash items and charges deemed not reflective of underlying performance. The Company's methodology for calculating Adjusted Earnings taxes and post-tax Adjusted Earnings to fully diluted shareholders is detailed.
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Rhea-AI Summary
BGC Group, Inc. will join the S&P SmallCap 600 index, marking a significant milestone for the company. They have repurchased approximately 10 million shares quarter to date, showing commitment to shareholder value.
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Rhea-AI Sentiment
End-of-Day
14.65%
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Rhea-AI Summary
BGC Group, Inc. (BGC) declares quarterly dividend and reports financial results for Q4 and full year 2023. Conference call scheduled to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.87%
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earnings
Rhea-AI Summary
BGC Group, Inc. (Nasdaq: BGC) announced that its Chairman and CEO, Howard W. Lutnick, will present at the Bank of America 2024 Financial Services Conference on February 20, 2024. A live webcast will be available at http://ir.bgcg.com, with a replay available for 90 days. Investors can access important updates and insights from the event.
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End-of-Day
-0.69%
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conferences
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BGC Group, Inc. (Nasdaq: BGC) has received CFTC approval for its FMX Futures Exchange to operate an exchange for U.S. Treasury and SOFR futures, challenging the dominance of CME in the U.S. interest rate market. The company's Fenics UST cash Treasury platform has rapidly grown to 25% market share, and FMX's clearing agreement with LCH SwapClear positions it to compete and reshape the U.S. interest rate market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
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Rhea-AI Summary
BGC Group, a leading global brokerage and financial technology company, announced details for its Q4 2023 financial results conference call, scheduled for February 14, 2024, at 10:00 a.m. ET. The call will be accessible at http://ir.bgcg.com and will provide investors with insights into the company's financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
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earnings
Rhea-AI Summary
BGC Group, Inc. (Nasdaq: BGC) expects to be around the high-end of its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the fourth quarter of 2023. The company's outlook was contained in BGC's financial results press release issued on October 30, 2023. Howard W. Lutnick, Chairman and CEO of BGC Group, stated that the business performed strongly throughout the fourth quarter and expects double-digit revenue and pre-tax Adjusted Earnings growth for both the fourth quarter and full year 2023. The company also made significant progress with FMX on multiple fronts during the quarter and expects to have CFTC regulatory approval and announce strategic partners in early 2024.
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Rhea-AI Sentiment
End-of-Day
6.8%
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Poten & Partners, a subsidiary of BGC Group, Inc. (Nasdaq: BGC), has announced the launch of a new advisory group supporting global Hydrogen, Ammonia, and Methanol markets. The new team, led by Graham Hoar, will provide strategic planning, commercial and technical analysis, project finance, M&A, and dispute resolution support for these sectors. The expansion aims to complement Poten's existing portfolio of business intelligence, advisory, and brokerage services, as well as its experience in gas monetization and transportation.
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0.62%
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BGC Group, Inc. (Nasdaq: BGC) Declares Quarterly Dividend and Reports Q3 2023 Financial Results
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End-of-Day
-2.77%
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earnings
Rhea-AI Summary
Fenics Market Data partners with ZE PowerGroup to bring energy and commodities pricing data to clients
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Rhea-AI Sentiment
End-of-Day
1.36%
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partnership
BGC Group Inc

Nasdaq:BGC

BGC Rankings

BGC Stock Data

3.89B
363.20M
5.42%
69.37%
2.15%
Investment Banking and Securities Dealing
Finance and Insurance
Link
United States
New York