BGC Partners

KBRA Affirms Ratings for BGC Partners, Inc.

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星期三, 七月 5, 2023
Professional Services, Finance, KBRA, BGC, BGC Partners, Outlook, Growth, ESG, BBB, Risk, FX, Security (finance), Telescopic sight

KBRA affirms the issuer and senior unsecured debt ratings of BBB for New York, NY-based BGC Partners, Inc. (“BGC” or “the company”).

Key Points: 
  • KBRA affirms the issuer and senior unsecured debt ratings of BBB for New York, NY-based BGC Partners, Inc. (“BGC” or “the company”).
  • The ratings are underpinned by management’s long record of producing mostly consistent operating results, adapting to market evolution, and ongoing emphasis on risk and liquidity management.
  • The agency brokerage business model that obviates the need for significant inventory/investments risk positions also reinforces the ratings.
  • High compensation expenses (cash and non-cash) have historically weighted on bottom-line earnings; however, adjusted for equity-based compensation profitability is commensurate with the ratings.

BGC Partners Completes Corporate Conversion to Full C-Corporation, Name Change to BGC Group, Inc., and Ticker Symbol Change to "BGC"

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星期一, 七月 3, 2023
FMX, BGC, Growth, BGC Partners, Financial services, United States Department of the Treasury

NEW YORK, July 3, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC Group," "BGC" or the "Company"), a leading global brokerage and financial technology company (formerly BGC Partners, Inc.), today announced that it has completed its corporate conversion to a Full C-Corporation.

Key Points: 
  • NEW YORK, July 3, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC Group," "BGC" or the "Company"), a leading global brokerage and financial technology company (formerly BGC Partners, Inc.), today announced that it has completed its corporate conversion to a Full C-Corporation.
  • The Company has also changed its name to "BGC Group, Inc." and changed its Nasdaq ticker symbol to "BGC" from "BGCP".
  • The Company has also updated its main website to http://www.bgcg.com and its investor relations website to http://ir.bgcg.com .
  • Howard W. Lutnick, Chairman of the Board and Chief Executive Officer of BGC, said: "Today represents an important step for BGC, with its conversion to a simpler, more efficient corporate structure.

BGC Partners Completes Corporate Conversion to Full C-Corporation, Name Change to BGC Group, Inc., and Ticker Symbol Change to "BGC"

Retrieved on: 
星期一, 七月 3, 2023
FMX, BGC, Growth, BGC Partners, Financial services, United States Department of the Treasury

NEW YORK, July 3, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC Group," "BGC" or the "Company"), a leading global brokerage and financial technology company (formerly BGC Partners, Inc.), today announced that it has completed its corporate conversion to a Full C-Corporation.

Key Points: 
  • NEW YORK, July 3, 2023 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC Group," "BGC" or the "Company"), a leading global brokerage and financial technology company (formerly BGC Partners, Inc.), today announced that it has completed its corporate conversion to a Full C-Corporation.
  • The Company has also changed its name to "BGC Group, Inc." and changed its Nasdaq ticker symbol to "BGC" from "BGCP".
  • The Company has also updated its main website to http://www.bgcg.com and its investor relations website to http://ir.bgcg.com .
  • Howard W. Lutnick, Chairman of the Board and Chief Executive Officer of BGC, said: "Today represents an important step for BGC, with its conversion to a simpler, more efficient corporate structure.

BGC Partners Updates its Outlook for the Second Quarter of 2023 and Provides an Update on the Corporate Conversion

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星期四, 六月 29, 2023
BGC, Tax, Treasury, Reus, Liquidity, Loss, Partnership, RSU, Conservative Party (United States), Bank statement, Stock dilution, COVID-19, Methodology, GAAP, BGC Partners, FPU, Common, Translation, Currency, EBITDA, The Company, Investment, Nature, HDU, UBT, EPS, Earnings, Period. End of Sentence., Business Development Company, Leyland Royal Tiger PSU, Bookkeeping, Insurance, Security (finance), Bank, Life insurance, Holding company, Cantor, Adjustment

BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023.

Key Points: 
  • BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023.
  • BGC Partners, Inc. is expected to complete its corporate conversion to a Full C-Corporation on Saturday, July 1, 2023.
  • The Company will change its name to "BGC Group, Inc." and its Nasdaq ticker symbol to "BGC" from "BGCP".
  • The Company plans to issue a press release on July 3, 2023, under its new name BGC Group, Inc. to announce the completion of the corporate conversion.

BGC Partners Updates its Outlook for the Second Quarter of 2023 and Provides an Update on the Corporate Conversion

Retrieved on: 
星期四, 六月 29, 2023
BGC, Tax, Treasury, Reus, Liquidity, Loss, Partnership, RSU, Conservative Party (United States), Bank statement, Stock dilution, COVID-19, Methodology, GAAP, BGC Partners, FPU, Common, Translation, Currency, EBITDA, The Company, Investment, Nature, HDU, UBT, EPS, Earnings, Period. End of Sentence., Business Development Company, Leyland Royal Tiger PSU, Bookkeeping, Insurance, Security (finance), Bank, Life insurance, Holding company, Cantor, Adjustment

BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023.

Key Points: 
  • BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the second quarter of 2023.
  • The Company's outlook was contained in BGC's financial results press release issued on May 3, 2023, which can be found at http://ir.bgcpartners.com .
  • BGC Partners, Inc. is expected to complete its corporate conversion to a Full C-Corporation on Saturday, July 1, 2023.
  • The Company plans to issue a press release on July 3, 2023, under its new name BGC Group, Inc. to announce the completion of the corporate conversion.

KBRA Assigns Rating to BGC Partners, Inc. Senior Unsecured Notes Issue

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星期三, 五月 24, 2023
Professional Services, Finance, KBRA, BGC, BGC Partners, Erosion, BBB, Risk, Security (finance)

KBRA assigns a senior unsecured debt rating of BBB with a Stable Outlook to the senior unsecured notes issued by BGC Partners, Inc. (NASDAQ: BGCP) (“BGC” or “the company”).

Key Points: 
  • KBRA assigns a senior unsecured debt rating of BBB with a Stable Outlook to the senior unsecured notes issued by BGC Partners, Inc. (NASDAQ: BGCP) (“BGC” or “the company”).
  • BGC is a leading global wholesale brokerage and financial technology company serving an array of financial and capital market participants.
  • Although not anticipated, an erosion in business fundamentals that precipitated a declining trend in revenues would cause the rating to be re-evaluated.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

BGC Partners to Present at Piper Sandler Global Exchange & FinTech Conference on June 7, 2023

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星期四, 五月 25, 2023
BGC, BGC Partners, Webcast, Piper Sandler Companies, Fintech, Conference, Cryptocurrency, Broadcasting

NEW YORK, May 25, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC"), a leading global brokerage and financial technology company, today announced that its Chairman and CEO, Howard W. Lutnick, is scheduled to present at Piper Sandler's Global Exchange & FinTech Conference at 3:30 p.m. ET on Wednesday, June 7, 2023.

Key Points: 
  • NEW YORK, May 25, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC"), a leading global brokerage and financial technology company, today announced that its Chairman and CEO, Howard W. Lutnick, is scheduled to present at Piper Sandler's Global Exchange & FinTech Conference at 3:30 p.m.
  • ET on Wednesday, June 7, 2023.
  • A replay of the event will also be made available at the same site and for 365 days, beginning June 7, 2023.
  • Statements made during the webcast may include forward-looking statements about the Company.

BGC Partners to Present at Piper Sandler Global Exchange & FinTech Conference on June 7, 2023

Retrieved on: 
星期四, 五月 25, 2023
BGC, BGC Partners, Webcast, Piper Sandler Companies, Fintech, Conference, Cryptocurrency, Broadcasting

NEW YORK, May 25, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC"), a leading global brokerage and financial technology company, today announced that its Chairman and CEO, Howard W. Lutnick, is scheduled to present at Piper Sandler's Global Exchange & FinTech Conference at 3:30 p.m. ET on Wednesday, June 7, 2023.

Key Points: 
  • NEW YORK, May 25, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC"), a leading global brokerage and financial technology company, today announced that its Chairman and CEO, Howard W. Lutnick, is scheduled to present at Piper Sandler's Global Exchange & FinTech Conference at 3:30 p.m.
  • ET on Wednesday, June 7, 2023.
  • A replay of the event will also be made available at the same site and for 365 days, beginning June 7, 2023.
  • Statements made during the webcast may include forward-looking statements about the Company.

BGC Completes Offering of $350.0 Million of 8.000% Senior Notes

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星期四, 五月 25, 2023
BGC, Debt-to-GDP ratio, COVID-19, Risk, BGC Partners, Sale, The Company, Hand, Security (finance)

NEW YORK, May 25, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC" or the "Company") today announced the closing of its offering of $350.0 million aggregate principal amount of 8.000% senior notes (the "notes") on May 25, 2023.

Key Points: 
  • NEW YORK, May 25, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC" or the "Company") today announced the closing of its offering of $350.0 million aggregate principal amount of 8.000% senior notes (the "notes") on May 25, 2023.
  • The notes are general senior unsecured obligations of BGC.
  • The notes were offered and sold in a private offering exempt from the registration requirements under the Securities Act of 1933, as amended (the "Securities Act").
  • Except as required by law, BGC undertakes no obligation to update any forward-looking statements.

BGC Completes Offering of $350.0 Million of 8.000% Senior Notes

Retrieved on: 
星期四, 五月 25, 2023
BGC, Debt-to-GDP ratio, COVID-19, Risk, BGC Partners, Sale, The Company, Hand, Security (finance)

NEW YORK, May 25, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC" or the "Company") today announced the closing of its offering of $350.0 million aggregate principal amount of 8.000% senior notes (the "notes") on May 25, 2023.

Key Points: 
  • NEW YORK, May 25, 2023 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC" or the "Company") today announced the closing of its offering of $350.0 million aggregate principal amount of 8.000% senior notes (the "notes") on May 25, 2023.
  • The notes are general senior unsecured obligations of BGC.
  • The notes were offered and sold in a private offering exempt from the registration requirements under the Securities Act of 1933, as amended (the "Securities Act").
  • Except as required by law, BGC undertakes no obligation to update any forward-looking statements.