Welcome to our dedicated page for Siebert Finl news (Ticker: SIEB), a resource for investors and traders seeking the latest updates and insights on Siebert Finl stock.
Siebert Financial Corp (NASDAQ: SIEB) is a diversified provider of financial services active in securities brokerage, investment advisory and insurance offerings, securities lending, and investment banking and capital markets services. Through subsidiaries such as Muriel Siebert & Co., LLC, Siebert AdvisorNXT, and Gebbia Media LLC, the company regularly issues news on strategic initiatives, partnerships, and platform developments that shape its role in the investment banking and securities dealing industry.
News about Siebert often covers capital markets and institutional expansion, including the opening of a Washington, D.C. office to support its Capital Markets and Investment Banking team and the appointment of a Head of Institutional Sales to lead institutional client coverage and distribution. Updates also highlight growth in business lines such as stock borrow/stock loan activities, principal transactions, advisory fees, and services for active trader customers.
Investors following SIEB news will see announcements on new platforms and technology initiatives, such as the launch of Siebert.Pro for active, self-directed investors and the introduction of Digital Assets Research within the Capital Markets division. Press releases describe institutional-grade research on cryptocurrency, blockchain infrastructure, Web3 applications, and companies with digital-asset exposure, as well as investments in digital wealth management platforms.
Siebert’s news flow also features strategic partnerships and cross-border collaborations. Examples include agreements with Kakao Pay Securities to expand international market access and deliver translated U.S. market commentary to millions of Korean investors, and a strategic agreement with Next Securities to combine AI technology with Siebert’s financial infrastructure. Additional coverage addresses veteran-focused initiatives through the Patriot Portfolio and a partnership with the Academy Veteran Bond ETF (VETZ), along with media and sports-related activities through Gebbia Media.
This SIEB news page aggregates these developments, including quarterly financial results, index inclusion updates, capital raising activities disclosed via SEC filings, and thematic campaigns such as Generation Wealth and Tactical Wealth. Readers can use this feed to monitor Siebert’s evolving strategy across brokerage, advisory, capital markets, digital assets, and media-related businesses.
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.
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