StoneX Group Inc.

StoneX Group Inc.

SNEX·NASDAQ

$109.07

-5.6%
Financial ServicesFinancial - Capital Markets

StoneX Group Inc. operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. Its Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services. The company's Institutional segment provides equity trading services to institutional clients; and originates, structures, and places debt instruments in capital markets worldwide. Its services cover foreign securities, including unlisted American Depository Receipts, Global Depository Receipts, and foreign ordinary shares. This segment also operates as an institutional dealer in fixed income securities to serve asset managers, commercial bank trust and investment departments, broker-dealers, and insurance companies; engages in asset management business; and offers clearing and execution services in futures exchanges, brokerage foreign exchange services for the financial institutions and professional traders, and OTC products. The company's Retail segment provides trading services and solutions in the global financial markets, including spot foreign exchange, precious metals trading, and contracts for differences; and wealth management and investment services, as well as offers physical gold and other precious metals in various forms and denominations through coininvest.com and silver-to-go.com. Its Global Payments segment provides foreign exchange and treasury services to banks and commercial businesses, charities, and non-governmental and government organizations; and payments services. The company was formerly known as INTL FCStone Inc. and changed its name to StoneX Group Inc. in July 2020. StoneX Group Inc. was founded in 1924 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$8.64B
EPS6.2200
P/E Ratio17.54
Earnings Date08/04/2026

Earnings Call Transcript

SNEX • 2024 • Q1

Operator
Good day and thank you for standing by. Welcome to the StoneX Group First Quarter Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Bill Dunaway, CFO. Please go ahead.
Operator
[Operator Instructions] Our first question comes from Daniel Fannon with Jefferies.
Daniel Fannon
Understood. Okay. And then just following up on just the interest income and kind of thinking about the -- understanding the chart and about the sensitivity of rates. But I believe you have swaps that are rolling off as well, Bill. So could you talk about just kind of the dynamics as we think about the rest of this year and what some of the positives and negatives associated with your interest income and what that could look like?
Bill Dunaway
Sure. Yes. Thanks, Dan. I would say we did have some swaps that rolled off here in December. And I would anticipate that will probably give us somewhere in the neighborhood of 40 to 50 basis points in total of kind of increase if you're looking at the overall portfolio going forward, irrespective of what happens to the Fed decisions, obviously, would be -- we'll change that. But kind of those rolling off, we should see an uptick there based upon current level of interest rates. But obviously, it remains to be seen what happens with the Fed.
Transcript from February 7, 2024

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