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BGC Partners Inc (BGCP.OQ)

BGCP.OQ on NASDAQ Stock Exchange Global Select Market

15.79USD
22 Nov 2017
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$-0.22 (-1.37%)
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Latest Key Developments (Source: Significant Developments)

BGC Partners reports Q3 EPS of $0.28
Thursday, 26 Oct 2017 08:01am EDT 

Oct 26 (Reuters) - Bgc Partners Inc :Bgc Partners reports third quarter 2017 financial results.Bgc Partners Inc qtrly revenues $827.0 million versus $734.8 mln‍​.BGC Partners Inc qtrly GAAP net income per fully diluted share $0.28.BGC Partners Inc - declared an 18 cent dividend for the third quarter, which is up 12.5 percent year-on-year‍​.BGC Partners Inc - "expect to continue to have strong performance in the fourth quarter of 2017 into 2018".BGC Partners Inc sees Q4 revenues of between approximately $800 million and $850 million‍​.BGC Partners sees Q4 pre-tax distributable earnings before noncontrolling interest in subsidiaries and taxes to be in range of $140 million - $160 million.Bgc Partners -Q4 outlook includes additional $7.5 million of interest expense related to new debt incurred with respect to the Berkeley Point acquisition.  Full Article

Newmark Group Inc files for IPO of up to $100 mln
Monday, 23 Oct 2017 05:37pm EDT 

Oct 23 (Reuters) - Newmark Group Inc::Newmark Group Inc files for IPO of up to $100 million – SEC filing.Newmark Group Inc says it intends to apply to have its class a common stock listed on Nasdaq Global Market under the symbol "NMRK".Newmark Group Inc says Goldman Sachs & Co Llc, Bofa Merrill Lynch, Citigroup, Cantor Fitzgerald & Co were among underwriters to the IPO.Newmark Group Inc says proposed IPO price is an estimate solely for calculating sec registration fee.Newmark Group Inc says following IPO, BGC Partners Inc will control more than majority of total voting power of common stock.  Full Article

BGC PARTNERS SEES Q3 2017 REVENUE ABOUT $805 MLN TO $820 MLN
Friday, 29 Sep 2017 06:00am EDT 

Sept 29 (Reuters) - BGC Partners Inc ::BGC PARTNERS UPDATES ITS OUTLOOK FOR THE THIRD QUARTER OF 2017.SEES Q3 2017 REVENUE ABOUT $805 MILLION TO $820 MILLION.BGC PARTNERS - ‍EXPECTS BOTH ITS REVENUES AND ITS PRE-TAX DISTRIBUTABLE EARNINGS FOR Q3 OF 2017 TO BE TOWARDS HIGH-END OF RANGE OF ITS PREVIOUS OUTLOOK​.BGC PARTNERS INC - Q3 OUTLOOK INCLUDES EFFECT OF INCREASED INTEREST EXPENSE WITH RESPECT TO FINANCING OF BPF ACQUISITION.BGC PARTNERS - FOR Q3 SEES PRE-TAX DISTRIBUTABLE EARNINGS BEFORE NONCONTROLLING INTEREST IN UNITS, TAXES TO BE IN RANGE OF ABOUT $152 MILLION TO $158 MILLION​.  Full Article

BGC Partners appoints Shawn McLoughlin as CEO of BGC Financial, Americas
Monday, 25 Sep 2017 07:00am EDT 

Sept 25 (Reuters) - BGC Partners Inc ::Shawn McLoughlin appointed CEO of BGC financial, Americas.BGC Partners Inc - ‍CEO Lou Scotto will stay on to oversee special projects including new fenics UST product​.  Full Article

Bgc Partners Inc Says drew $400 mln under revolving credit facility and $575 mln under term loan facility​
Friday, 8 Sep 2017 12:30pm EDT 

Sept 8 (Reuters) - Bgc Partners Inc :Bgc Partners Inc - ‍on september 8, 2017, company drew $400 million under revolving credit facility and $575 million under term loan facility​.  Full Article

BGC Partners to buy Berkeley Point Financial LLC
Tuesday, 18 Jul 2017 02:00am EDT 

July 18 (Reuters) - BGC Partners Inc ::BGC Partners agrees to acquire 100 percent of Berkeley Point Financial Llc.Bgc partners inc says acquisition is expected to dramatically increase revenues and earnings.Bgc partners inc says total consideration payable by bgc for acquisition of berkeley point is $875 million.Bgc partners inc says expects to fund acquisition through combination of bond , term loan, or other debt arrangements, as well as from existing financing sources.Bgc partners inc will invest $100 million in cash for approximately 27 percent of capital in commercial real estate-related finance and investment business, along with cantor.Bgc partners inc says for year ended december 31, 2017, berkeley point's revenues are expected to increase by at least 30 percent compared with $294 million in 2016.Bgc partners inc says berkeley point's 2017 gaap pre-tax income is expected to increase by at least 35 percent compared with $126 million in 2016.  Full Article

BGC Partners updates outlook for Q2
Wednesday, 28 Jun 2017 05:26pm EDT 

June 28 (Reuters) - BGC Partners Inc ::BGC Partners updates its outlook for the second quarter of 2017.BGC Partners Inc says company now expects its revenues for Q2 to be towards high-end of range of its previously stated guidance.BGC Partners Inc - now expects its pre-tax distributable earnings to be above mid-point of range for Q2.  Full Article

BGC Partners says Q2 revenue to be towards high-end of stated guidance range
Wednesday, 28 Jun 2017 04:05pm EDT 

June 28 (Reuters) - Bgc Partners Inc :Bgc partners updates its outlook for q2 of 2017.Expects q2 revenues to be towards high-end of range of its previously stated guidance.  Full Article

BGC Partners Q4 earnings per share $0.06
Thursday, 9 Feb 2017 08:00am EST 

BGC Partners Inc : BGC Partners reports fourth quarter and full year 2016 financial results . Q4 revenues $673.2 million, down 0.2 percent; Q4 earnings per share $0.06 . On Feb 7, Board, Audit Committee increased co’s share repurchase, unit redemption authorization by $170.3 million to $300 million .For Q1 2017, co sees revenues of between about $655 million and $700 million; Q1 revenue view $675.7 million -- Thomson Reuters I/B/E/S.  Full Article

BGC Partners announces confidential submission of draft registration statement
Thursday, 9 Feb 2017 07:45am EST 

Bgc Partners Inc : BGC partners announces confidential submission of draft registration statement for proposed initial public offering of its real estate services business .Number of class A shares to be offered and price range for proposed offering have not yet been determined.  Full Article

BRIEF-BGC Partners reports Q3 EPS of $0.28

* Bgc Partners Inc qtrly revenues $827.0 million versus $734.8 mln‍​