Marex Group PLC

Earnings data Q2 2024

Earnings data Q1 2024

Marex Group Plc provides brokerage services for commodities, financials, and foreign exchange. It operates through Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions segments. The Clearing segment allows the clients access to exchanges and clearing houses. The Agency and Execution segment match buyers and sellers on an agency basis by facilitating price discovery of commodities and financial markets. The Market Making segment offers direct market pricing to professional and wholesale counterparties in a variety of commodity and securities markets. The company was founded by Mark Slade in 2005 and is headquartered in London, the United Kingdom.

The little-known brokerage services specialist might become more famous following its blowout second quarter. It trounced analyst estimates for both revenue and profitability.

Why Marex Group Stock Was Skyrocketing This Week

British-based commodities broker Marex Group is planning more acquisitions to diversify the company following a U.S. listing, its CEO told Reuters, in the wake of strong interim results that sent shares to a record high.

Commodities broker Marex plans more acquisitions; shares surge after results

NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the 'Group'; Nasdaq: MRX), a diversified global financial services platform, announces strong results for the six months ended 30 June 2024, and a positive outlook for the full year. H1 2024 Highlights Financial Highlights: ($m) 3 months ended 30 June 2024   3 months ended 31 March 2024   Change1   6 months ended 30 June 2024   6 months ended 30 June 2023   Change1 Reported                       Revenue 422.1   365.8   15%   787.9   622.4   27% Profit Before Tax 80.1   58.9   36%   139.0   109.5   27% Profit Before Tax Margin (%) 19%   16%   300bps   18%   18%   — bps Profit After Tax 59.3   43.6   36%   102.9   80.8   27% Return on Equity (%) 29%   23%   600bps   25%   23%   200 bps Basic Earnings per Share ($)2 0.81   0.60   35%   1.41   1.13   25% Diluted Earnings per Share ($)2 0.76   0.56   36%   1.32   1.06   25%                         Adjusted 3                       Operating Profit3 91.5   67.7   35%   159.2   124.5   28% Operating Profit Margin (%)3 22%   19%   300bps   20%   20%   — bps Operating Profit after Tax Attributable to Common Equity3 66.8   48.9   37%   115.7   90.1   28% Return on Operating Profit after Tax Attributable to Common Equity (%)3 37%   29%   800bps   32%   30%   200 bps Adjusted Earnings per Share($)2,3 0.96   0.74   30%   1.70   1.37   24% Adjusted Diluted Earnings per Share ($)2,3 0.90   0.69   30%   1.59   1.29   23% 1.

Marex Group plc announces 2024 Interim Results

The average of price targets set by Wall Street analysts indicates a potential upside of 34.3% in Marex Group PLC (MRX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Marex Group PLC (MRX) Have the Potential to Rally 34.34% as Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 27.2% in Marex Group PLC (MRX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 27.19% Upside in Marex Group PLC (MRX): Here's What You Should Know

NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, will announce its first half 2024 results on 14 August 2024 before the markets open. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/.

Marex Group plc Provides Notice of H1 2024 Results and Conference Call

AUCKLAND, New Zealand, July 16, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, has opened a new office in Auckland, New Zealand, as it expands its operations in Asia Pacific and extends its global environmental offering, aligned with its strategy to diversify its business and increase earnings resilience. Marex's New Zealand office will provide expertise in the financial and commodity markets with an experienced team, led by Nigel Brunel, who brings to Marex almost two decades of experience in global commodities.

Marex Opens New Zealand Office

LONDON, June 18, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, has appointed Liz Barrett as Group Head of HR. Liz joins on June 24, and brings over twenty years of experience in financial services. Liz replaces Karen Neffar who leaves Marex to pursue personal interests and other projects.

Marex Appoints Liz Barrett as Group Head of HR

Marex will become the first non-bank FCM clearing member to offer client clearing services for interest rate swaps on LCH's SwapClear service. Marex's comprehensive clearing and execution services are expected to deepen liquidity, diversify counterparty risk, and increase capacity for the interest rate swaps market.

Marex to offer client clearing of interest rate swaps

NEW YORK, May 31, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the ‘Group'), a diversified global financial services platform, today announces that it will be hosting a fireside chat at Piper Sandler's Global Exchange & FinTech Conference. The presentation will be given by Ian Lowitt, Group Chief Executive Officer and will take place on Wednesday, June 5th at 9:00 a.m. ET. The fireside chat will be available via webcast and can be accessed here:

Marex Group plc to Participate in Upcoming Piper Sandler Global Exchange & FinTech Conference

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The initial public offering (IPO) market is officially back, featuring several analyst favorite stocks. After two extremely difficult years for new entrants, the risk appetite has dramatically improved with the U.S. stock market hitting record highs in recent weeks.

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NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the 'Group'), a diversified global financial services platform, announces strong results for the twelve months ended December 31, 2023, and a positive update for the first three months ended March 31, 2024.

Marex Group plc Announces Full Year 2023 Results and Q1 2024 Update

NEW YORK, May 13, 2024 (GLOBE NEWSWIRE) -- Marex Group (“Marex”), the diversified global financial services platform, will announce its full year 2023 results and first quarter 2024 update on May 16, 2024, before market open. The earnings release and supplementary materials will be available on the Marex website at https://ir.marex.com/.

Marex Group plc to Report FY 2023 Results and Q1 2024 Update on May 16, 2024

Marex (NASDAQ: MRX ) stock is on the move Monday after the financial services company's initial public offering ( IPO ) for its shares last week. The IPO saw Marex sell 15,384,615 shares of MRX stock at a price of $19 per share.

Why Is Marex (MRX) Stock On the Move Today?

Shares of British commodities broker Marex Group rose 2.6% on Thursday in their market debut on the Nasdaq, notching a valuation of $1.38 billion.

British commodities broker Marex's Nasdaq debut gets lukewarm response

British commodities platform Marex Group set the pricing of its U.S. initial public offering at $19 per share on Wednesday, aiming to raise around $292 million.

British commodities platform Marex prices US IPO at $1.35 bln valuation

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”), the diversified global financial services platform, today announces the pricing of its initial public offering (the “IPO”), at $19.00 per share. A total of 15,384,615 ordinary shares are being offered, of which 3,846,153 shares are being offered by Marex and 11,538,462 shares are being offered by certain selling shareholders (the “Selling Shareholders”). Marex will not receive any proceeds from any sale of shares by the Selling Shareholders. The ordinary shares are expected to begin trading on the Nasdaq Global Select Market on April 25, 2024, under the ticker symbol “MRX.” The offering is expected to close on April 29, 2024, subject to customary closing conditions.

Marex Group plc Announces Pricing of Initial Public Offering

NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”), the diversified global financial services platform, today announces that it has launched the initial public offering (the “IPO”) of its ordinary shares. A total of 15,384,615 ordinary shares are being offered, 25% of which are being offered by Marex and 75% of which are being offered by certain selling shareholders (the “Selling Shareholders”).

Marex Group plc Announces Launch of Initial Public Offering

Marex Group plc has filed for a $100 million IPO, seeking public capital market investment for its working capital needs. The company has experienced significant growth in revenue and profit, with a strong financial performance. Pricing and valuation will be crucial factors for investors considering participation in the IPO.

News for Marex Group PLC Stock (MRX)