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BGC Partners Inc - BGCP STOCK NEWS

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

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 Partners'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 Partners'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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
none
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Rhea-AI Summary
BGC Group, Inc. announces exchange offers for Old Notes with New Notes to simplify capital structure and give existing holders opportunity to obtain New Notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
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none
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Rhea-AI Summary
Capitalab, a division of BGC Brokers LP, has successfully completed its third execution of a new USD LIBOR to SOFR swaption migration service. The service seamlessly switches LIBOR-referenced USD swaptions into vanilla SOFR swaptions, removing complexities caused by ISDA supplements and LIBOR fallback rules. Capitalab plans to migrate participants' near entire LIBOR inventory to SOFR swaptions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
Tags
none
Rhea-AI Summary
BGC Group, Inc. declares quarterly dividend and reports financial results for Q2 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.94%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.06%
Tags
management
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
Rhea-AI Summary
BGC Group, Inc. completes corporate conversion to a Full C-Corporation, changes name and ticker symbol
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.61%
Tags
none
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Rhea-AI Summary
BGC Partners, Inc. provides an update on its outlook for Q2 2023 and the timing of its corporate conversion. The company reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings. BGC Partners is expected to complete its corporate conversion to a Full C-Corporation on July 1, 2023, changing its name to BGC Group, Inc. and its Nasdaq ticker symbol to BGC. The company will issue a press release on July 3, 2023, to announce the completion of the corporate conversion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.37%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
conferences
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
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none
BGC Partners Inc

Nasdaq:BGCP

BGCP Rankings

BGCP Stock Data

1.73B
Securities Brokerage
Finance and Insurance
Link
US
New York

About BGCP

headquartered in london and new york, bgc partners (nasdaq: bgcp) provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information and other back office services. we offer our customers access to more than 200 financial products within fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures and structured products. our customers include a vast majority of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, property owners, real estate developers, and investment firms. www.bgcpartners.com