StoneX Group reports Q3 EPS $1.22 vs $1.25 last year

Reports Q3 revenue $33.8B vs $26.1B last year. Sean O’Connor, the Company’s Executive Vice-Chairman of the Board, stated, “The diversity of our business model was on display in our third quarter results, as significant growth in our Institutional segment net operating revenues, most notably in equity markets, combined with a strong performance in our Self-Directed/Retail segment, more than offset declines in our Commercial businesses due to diminished commodity volatility and tariff related uncertainty. This resulted in modest growth in net income versus the prior year despite $8.9 million in acquisition-related charges in the current quarter, including $6.5 million in bridge loan financing charges and $2.4 million in professional fees, which combined equated to a reduction of approximately $0.12 in diluted EPS for the quarter.”