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Siebert Financial Corp (NASDAQ: SIEB) maintains this dedicated news hub for investors and financial professionals tracking its diversified financial services operations. Access authoritative updates spanning corporate announcements, regulatory filings, and strategic developments from the New York-based firm renowned for retail brokerage services and institutional market solutions.
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Siebert Financial Corp. (NASDAQ: SIEB) has appointed Raakhee Miller as President of Siebert Technologies, . With over 25 years of experience in technology leadership, Miller will lead efforts to integrate advanced technologies and enhance Siebert's digital platforms. Her role aims to improve client experience and support, aligning with Siebert's commitment to innovation in the financial industry.
Miller's extensive background includes senior positions at Goldman Sachs, Morgan Stanley, Macquarie, FIS, and Broadridge. This appointment reinforces Siebert's dedication to maintaining its position at the forefront of the financial sector, building on its legacy as a trailblazer founded by Muriel Siebert, the first woman to hold a seat on the New York Stock Exchange.
Siebert Financial Corp. (NASDAQ: SIEB) reported its financial results for Q1 2024, ending March 31, 2024. The key highlights include a revenue increase to $20.5 million, up from $16.2 million in Q1 2023, representing a 27% year-over-year growth. Operating income rose by 18% to $5.1 million. Net income available to common stockholders increased to $3.7 million from $3.2 million. However, earnings per share (EPS) slightly declined to $0.09 from $0.10 in Q1 2023. Retail customer net worth increased to $16.6 billion, with total retail customer accounts rising to 155,499.
CEO John J. Gebbia emphasized the company's progress in advancing its growth strategy and modernizing its offerings. CFO Andrew Reich highlighted the strong revenue performance driven by higher interest income and growth in the Securities Finance division. The company remains focused on operational efficiency and profitable growth.
Siebert Financial Corp (NASDAQ: SIEB) reported strong financial results for the fourth quarter and full year of 2023. The company saw a significant increase in revenue, operating income, and net income compared to the previous year. The appointment of a new CEO, expansion to Miami and New York, and a significant investment from Kakao Pay were key highlights. Siebert remains optimistic about future growth opportunities.
Kakao Pay has agreed to purchase a 19.9% stake in Siebert Financial Corp. (NASDAQ: SIEB) for approximately $17 million on
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