Key Developments: BGC Partners Inc (BGCP.O)
5.81USD
19 Jun 2013
$-0.04 (-0.68%)
$5.85
$5.85
$5.88
$5.79
970,830
2,056,081
$6.53
$3.11
Latest Key Developments (Source: Significant Developments)
BGC Partners Inc Issues Q2 2013 Guidance Below Analysts' Estimates-Conference Call
BGC Partners Inc announced that for the second quarter of 2013, it expects revenues of between $435 million and $460 million and pre-tax distributable earnings to be between $42 million and $53 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $463 million and pre-tax profit of $55 million for the second quarter of 2013. Full Article
BGC Partners Inc Announces Quarterly Cash Dividend
BGC Partners Inc announced that on May 1, 2013, BGC Partners’ Board of Directors declared a quarterly cash dividend of $0.12 per share payable on May 31, 2013, to Class A and Class B common stockholders of record as of May 17, 2013. The ex-dividend date will be May 15, 2013. Full Article
BGC Partners Inc Sees Q1 2013 Guidance At Low End Of Prior Range
BGC Partners Inc updated its financial outlook for the first quarter of 2013 and expects that its financial results will be around the low end of the range of its previously stated guidance for both revenues and earnings when it announces its financial results for the first quarter on May 2, 2013. The Company expected to generate distributable earnings revenues of between $440 million and $470 million, an increase of approximately 9% to 16% compared with $403.9 million. BGC Partners expected pre-tax distributable earnings to be between approximately $45 million and $55 million versus $58.2 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $458 million and pre-tax profit of $55 million for the first quarter of 2013. Full Article
NASDAQ OMX Group Inc To Acquire eSpeed Platform For Trading Of U.S. Treasuries From BGC Partners Inc
NASDAQ OMX Group, Inc. announced that it has entered into an agreement with BGC Partners, Inc. to acquire the eSpeed platform for a purchase price of $750 million in cash plus certain contingent issuances of stock that approximate certain tax benefits to NASDAQ OMX. eSpeed operates a fully executable central limit order book for electronic trading in U.S. Treasuries, which will give NASDAQ OMX a entry point in the electronic fixed income business. The transaction is expected to be accretive to earnings within the first twelve months after closing, excluding transaction-related costs, and to generate attractive returns on capital. Upon completion of the transaction, the eSpeed platform will be a part of the NASDAQ OMX Transaction Services business, which offers marketplaces in equities, derivatives, exchange traded products and commodities. Full Article
BGC Partners Inc's BGC Brokers L.P. Announces Acquisition Of Business And Certain Assets Of Sterling International Brokers Limited
BGC Partners Inc announced that BGC Brokers L.P., an entity within the BGC Partners, Inc. group announced that it has acquired the business and certain assets of Sterling International Brokers Limited, a London-based broking firm specializing in Sterling and other currency transactions. Previously owned by the Skipton Building Society, Sterling International Brokers' clients include banks, building societies, the public sector and commercial participants in the Sterling and Currency markets. It is regulated by the Financial Services Authority. Terms of the transaction were not disclosed. Full Article
BGC Partners Inc Issues Q1 2013 Guidance; Pre-Tax Profit Below Analysts' Estimates-Conference Call
BGC Partners Inc announced that for the first quarter of 2013, it expects to generate distributable earnings revenues of between $440 million and $470 million and pre-tax distributable earnings to be between $45 million and $55 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $465 million and pre-tax profit of $59 million for the first quarter of 2013. Full Article
BGC Partners Inc Declares Quarterly Dividend
BGC Partners Inc announced that the board of directors have declared a quarterly cash dividend of $0.12 per share payable on March 15, 2013 to Class A and Class B common stockholders of record as of March 1, 2013. The ex-dividend date will be February 27, 2013. The Company announced that 96% of the dividends paid per share in 2012 were a nontaxable return of capital8 to common stockholders. Full Article
BGC Partners Inc's BGC France Holdings Acquires Ginalfi Finance
BGC Partners Inc announced that BGC France Holdings, a subsidiary of BGC Partners, Inc. announced that it has acquired Ginalfi Finance, an interdealer broker based in Paris specializing in the intermediation of money markets products, credit bonds, government bonds and SWAPs. Terms of the transaction were not disclosed. Full Article
BGC Partners Inc Acquires Frederick Ross Company In Denver
BGC Partners Inc announced that it has acquired Frederick Ross Company, the oldest full-service commercial real estate firm in Denver, Colo., and partner of Newmark Grubb Knight Frank (NGKF) since 2010. Financial details of the transaction were not disclosed. Full Article
BGC Partners Inc Acquires Smith Mack In Philadelphia
BGC Partners Inc announced that it has acquired Smith Mack, a prominent commercial real estate services company in Philadelphia, Pa., and the surrounding region. The acquisition of Smith Mack, a partner of Newmark Grubb Knight Frank (NGKF) since 2009, enhances NGKF's dominance in the region. Financial details of the transaction were not disclosed. Full Article
DEALTALK-Exchanges hoping to add bond trading may have to pay up
* LSE, NYSE seen as logical buyers for bond trading platforms
Earnings vs. 
Estimates
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