Siebert Finl Corp Stock Price, News & Analysis

Siebert Financial Corp. (NASDAQ: SIEB) has launched Siebert.Valor, a FinTech initiative focused on providing financial education and investment services to Active Duty Military, Veterans, Law Enforcement, and First Responders. The initiative stems from Siebert's acquisition of Guild Financial, a platform dedicated to the military community.

Kaj Larsen, Guild Financial's co-founder, will lead Siebert.Valor and join Gebbia Entertainment, a Siebert Financial subsidiary focused on producing financial education content. The platform pre-launched during Fleet Week Miami, featuring events including financial literacy talks on the USS Bataan and Beach Olympics.

The initiative combines Siebert's financial expertise with Guild's innovative approach to investing and education, aiming to democratize wealth-building for service members and their families.

Siebert Financial Corp (NASDAQ: SIEB) has appointed Greg Murphy as Senior Vice President of New Business Development. Murphy, with over 25 years of financial sales and leadership experience from companies like Alliance and Bernstein, Invesco, and Franklin Templeton, will lead asset growth efforts and work with Siebert's Media and Entertainment group. The appointment aligns with Siebert's goals of expanding assets under management and enhancing client services. Founded by Muriel Siebert, the first woman to hold a NYSE seat, the company continues its tradition of innovation in financial services.

Siebert Financial Corp. (NASDAQ: SIEB) reported strong Q3 2024 financial results with revenue increasing 25% to $22.6 million and operating income rising 13% to $4.8 million compared to Q3 2023. The company saw significant growth in stock borrow/stock loan revenue, up 44% to $5.8 million, while retail customer net worth increased 10% to $17.5 billion. Notable developments include the acquisition of Gebbia Entertainment and securing a $20 million revolving credit facility with East West Bank, supporting strategic growth initiatives and expansion efforts.

Siebert Financial Corp. (NASDAQ: SIEB) reported strong financial results for Q2 2024. Revenue increased 19% to $20.9 million, while operating income rose 20% to $5.6 million compared to Q2 2023. Net income available to common stockholders surged 49% to $4.0 million. Retail customer net worth grew 5% to $17.4 billion from Q1 2024.

The company appointed Raakhee Miller as President of Siebert Technologies, , and formed an advisory committee with prominent figures to drive growth. Siebert is focusing on modernizing offerings, expanding reach, and advancing technology, including developing a mobile retail trading app and launching an online platform for retail and corporate clients.

Siebert Financial Corp. (NASDAQ: SIEB) has acquired Gebbia Entertainment , expanding its portfolio into music, entertainment, and media. The acquisition includes a partnership with GAMMA Media and L.A. Reid for rights to The Siemens, a group managed by Akon. This strategic move combines Siebert's financial expertise with entertainment industry connections, including Oscar-nominated producer Kaj Larsen joining to lead the film and documentary division.

David Gebbia, a Siebert leader, emphasized the unique nature of this partnership between entertainment and financial services. The collaboration aims to create innovative opportunities in music, entertainment, and finance, serving both traditional and non-traditional audiences. Siebert, a pioneer in the discount brokerage industry since 1967, manages over $17 billion in assets and offers diverse financial services, including specialized programs for various communities.

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.