earnings
confidence high
sentiment positive
materiality 0.75
StoneX reports fiscal Q2 EPS $1.63, up 25%; net income $53.1M, up 27%
StoneX Group Inc.
2024-Q2 EPS reported
$3.76
revenue$41,679,100,000
- Net income $53.1M, up 27%; diluted EPS $1.63, up 25%; ROE 14.0% vs 13.8%.
- Operating revenues $818.2M, up 16%; Institutional +28%, Retail +30% drove growth.
- Included $9.1M unrealized losses ($0.20/share) on precious metals derivatives, expected to reverse.
- Institutional segment income $61.3M (+10%); Retail segment income $33.2M (+592%).
- Interest expense up 45% to $259.2M, mainly from fixed income dealer activities.