Stonex Group Inc Stock Price, News & Analysis

Barchart has partnered with StoneX to enhance grain merchandiser workflows by integrating Barchart's grain accounting APIs into StoneX's StoneHedge platform. This collaboration aims to streamline operations for mutual agribusiness clients, allowing for automated hedging, contract creation, and improved overall efficiency. The integration will reduce risks and provide more choices, benefiting clients connected to Barchart's secure grain elevator network. Barchart's CEO Mark Haraburda emphasizes the significant advantages of this partnership for grain merchandisers worldwide.

StoneX Group Inc. has launched the Farm Advantage app, a free tool for farmers to manage their marketing, risk, and profitability. Available on Apple and Google stores, the app offers market quotes, cash bids, weather data, and trading tools. It aims to empower agricultural producers with data for informed pricing decisions, featuring a profit calculator for various crops. The launch emphasizes StoneX's commitment to the farming community, enhancing operational transparency and control for farmers.

StoneX Group (NASDAQ: SNEX) announced that its subsidiary, StoneX Financial Ltd (SFL), has joined the Platinum Group Metals auction at the London Metal Exchange (LME). This makes SFL the first non-bank member of all major precious metals auctions in London, including the IBA Gold and Silver auctions. Barry Canham, head of the Metals Division, expressed excitement about this milestone, highlighting strong customer demand and the supportive relationship with the LME. The new membership will enhance SFL’s trading capabilities and contribute to price discovery in the metals market.

StoneX Group Inc. (NASDAQ: SNEX) reported Q1 fiscal 2022 revenues of $450.5 million, marking a 19% increase compared to the previous year. Net income surged to $41.7 million, resulting in a 114% growth year-over-year. The diluted EPS reached $2.04, up 108%. The return on equity (ROE) stood at 18.0%. Notable revenue increases were seen across segments: OTC derivatives climbed 93%, while physical commodities jumped 72%. These results reflect robust client engagement and market share gains amidst rising market volatility.

StoneX Financial, a subsidiary of StoneX Group (Nasdaq: SNEX), announced the launch of StoneHedge, a web-based merchandising system designed to enhance efficiency for commercial grain companies. The platform centralizes the management of cash bids, offers, and hedge orders, enabling better service and productivity for users. With over 50 million bushels handled in the past year, StoneHedge promises to minimize errors and streamline processes. Industry leaders have praised its user-friendly design, especially for on-the-go grain purchasing.

StoneX Group Inc. (NASDAQ: SNEX) will release its fiscal 2022 first quarter results after market close on February 7, 2022. This will be followed by a conference call on February 8, 2022 at 9:00 a.m. Eastern time to discuss the results. Participants can access the conference call via telephone or a live web cast available on the company's website. A replay of the call will be accessible approximately two hours after its conclusion until February 15, 2022.

StoneX operates a global financial services network, connecting clients to market opportunities.

On January 19, 2022, StoneX Group Inc. (Nasdaq: SNEX) announced the launch of its digital payments initiative through its Global Payments Division, aiming to enhance payment solutions for corporate and institutional clients. The initiative will leverage StoneX's expertise in cross-border payouts and in-country services. Dean Chang has been appointed as the Global Head of Digital Payments, bringing experience from Island Pay. The new digital solutions aim to facilitate local payments in emerging markets, addressing client challenges and fostering growth.

StoneX Group Inc. (Nasdaq: SNEX) will host its annual Global Markets Outlook conference from March 2-4, 2022, at the Hyatt Regency Hotel in Orlando, Florida. The event will focus on four key tracks: Global Agriculture, Dairy, Correspondent Clearing, and Wealth Management Outlook. Attendees will gain insights into market trends, including the impacts of COVID-19 and strategies for the future. Additionally, an OTC Risk Academy course for traders will take place on March 2. For more details, visit the agenda.

StoneX Group Inc. (SNEX) reported a 14% increase in quarterly operating revenues, totaling $390.1 million, for Q4 FY2021. However, net income fell 91% to $7.3 million compared to the previous year. The company achieved an annual net income of $116.3 million and a return on equity (ROE) of 13.9%. Adjusted net income increased 24% year-over-year. Despite a successful year, fourth-quarter results fell short of long-term targets due to a lack of non-recurring gains seen in FY2020.