Global brokerage and financial technology company BGC Group, Inc. (NASDAQ:BGC) announced today that it has updated its outlook for the quarter ended December 31, 2023.
BGC expects to be around the high end of its previous outlook for revenue and adjusted earnings before taxes for the fourth quarter of 2023.
Howard W. Lutnick, Chairman and CEO of BGC Group, said:
“Our business performed strongly throughout the fourth quarter. We expect to report double-digit revenue and adjusted pretax earnings growth for both the fourth quarter and full year 2023.”
Howard W. Lutnick also commented:
“We made significant progress with FMX on several fronts during the quarter. We expect to have CFTC regulatory approval and announce our strategic partners in early 2024.”