Siebert Reports Third Quarter 2024 Financial Results
Portfolio Pulse from
Siebert Financial Corp. (NASDAQ: SIEB) reported a 25% increase in revenue to $22.6 million and a 13% increase in operating income to $4.8 million for Q3 2024. Stock borrow/loan activity rose by 44%.
November 12, 2024 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Siebert Financial Corp. reported a strong Q3 2024 with a 25% increase in revenue and a 13% rise in operating income. Stock borrow/loan activity also increased by 44%.
The significant increase in revenue and operating income, along with a substantial rise in stock borrow/loan activity, indicates strong financial performance for Siebert. This is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100