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 appointed Gateway Group, Inc. to manage its enhanced investor relations program. This partnership aims to refine corporate messaging and expand outreach, targeting institutional investors and analysts. Gloria E. Gebbia emphasized the necessity of modernizing offerings while upholding Siebert's legacy, especially following a recent alliance with Tigress Financial Partners. This strategic move is seen as timely due to strong growth, with Siebert positioning itself for further success in meeting evolving client needs.
Siebert Financial Corp. (NASDAQ: SIEB) reported a strong second quarter for 2021, achieving revenue of $16.8 million, a 33% increase year-over-year. Pre-tax income surged 291% to $1.9 million, with a pre-tax margin of 11.4% compared to 3.9% last year. Earnings per share also improved to $0.05 from $0.02. Retail customer net worth rose to $16.0 billion, up from $14.6 billion at the end of 2020. The results reflect successful strategic initiatives, particularly in the Securities Finance and Market Making divisions, which saw revenue increases of 191% and 186%, respectively.
Siebert Financial Corp. (SIEB) reported a **28% revenue increase** to **$18.9 million** in Q1 2021, compared to the same period in 2020. The operating income reached **$3.0 million**, with earnings per share of **$0.07**. The company attributed its growth to strategic acquisitions and enhanced clearing capabilities, particularly in the Securities Finance Group, which generated **$1.8 million** in revenue. Siebert also plans to expand its clearing services by Q4 2021.
Siebert Financial Corp. (NASDAQ: SIEB) reported a strong financial performance for 2020, with revenues of $54.9 million and net income of $3.0 million, marking basic and diluted earnings per share at $0.10. Significant growth was driven by WPS Prime Services, which increased revenue by 15%. The acquisition of WPS and recent hires from JPMorgan Chase & Co. are expected to enhance the Securities Finance Group. Additionally, Siebert's investment in OpenHand introduces a zero-commission trading platform, aimed at expanding its offerings for modern investors.
Siebert Financial Corp. (NASDAQ: SIEB) has announced the hiring of Anthony Palmeri and Jerry Losurdo to lead its Securities Finance Group at Muriel Siebert & Co., Inc. The new leaders bring a combined 75 years of experience from JPMorgan Chase & Co. and TD Prime Services. Palmeri expressed excitement about expanding the division's potential, while Losurdo highlighted Siebert's entrepreneurial spirit. Additionally, each was issued 150,000 shares of restricted common stock as part of their employment agreements, with a value of approximately $400,000 each, tied to the company's growth strategy.
On July 21, 2020, Siebert Financial Corp. (NASDAQ: SIEB) announced the integration of Carver Edison's Cashless Participation™ technology into its stock plan services. This innovative feature allows employees to increase their company stock ownership by 50% to 150% without additional payroll deductions. Siebert aims to enhance employee ownership and deliver value to shareholders. The partnership reflects Siebert's commitment to fulfilling the legacy of Muriel Siebert, promoting financial inclusion and philanthropic initiatives related to the technology.