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SIEB Siebert Financial News Story

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Siebert  Financial's Q3 revenue rises

Overview

Siebert Q3 revenue grows 19% yr/yr to $26.8 mln

Operating income falls 54.8% due to investments in new business lines

Company renews clearing relationship with National Financial Services for five years

Outlook

Siebert Financial renews clearing relationship with NFS for five years

Company launches Digital Assets Research for crypto and blockchain coverage

Siebert debuts 'Generation Wealth' campaign to engage Gen Z

Result Drivers

STOCK BORROW/LOAN - Increased by 73.7% to $10.0 mln, contributing to revenue growth

ADVISORY FEES - Grew by 32.1% to $0.8 mln, supporting revenue increase

INVESTMENTS IN NEW BUSINESS - Operating income fell due to investments in new business lines like Siebert Pro and Gebbia Media

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$26.80 mln
Press Release: ID:nGNX6nfzZn For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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