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Stock Market & Financial Investment News

News Breaks
June 26, 2014
16:12 EDTBGCPBGC Partners sees Q2 results around mid-point of prior guidance
BGC Partners updated its outlook for Q2, stating that it expects its financial results for the quarter ending June 30 to be around the mid-point of the range of its previously stated guidance for revenues and earnings. The company expected to generate distributable earnings revenues $420M-$440M , consensus $433.73M. BGC anticipated pre-tax distributable earnings to be between approximately $47M-$55M.
News For BGCP From The Last 14 Days
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February 20, 2015
06:07 EDTBGCPBGC Partners, GFI Group reach agreement, GFI board supports BGC offer
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February 19, 2015
13:33 EDTBGCPBGC Partners says expects to reach consensual agreement with GFI Group
BGC Partners (BGCP) announced that it is engaged in discussions with GFI Group (GFIG) and expects to reach a consensual agreement related to its tender offer to purchase the shares of GFI for $6.10 per share. The proposed agreement would satisfy all of BGC's previously disclosed tender offer conditions. Howard Lutnick, Chairman and CEO of BGC, said, "We have been actively engaged in discussions with GFI and expect to reach an agreement on all of the tender offer conditions that we have been seeking over the last several months in order to complete our $6.10 per share all-cash offer. We continue to urge GFI stockholders to tender their shares by today's deadline to ensure that they receive the value to which they are entitled." The offer is scheduled to expire at 5:00 PM ET today, February 19.
February 18, 2015
06:04 EDTBGCPBGC Partners urges GFI Group holders to tender shares before expiration
BGC Partners (BGCP) urged GFI Group (GFIG) stockholders to tender into its $6.10 per share offer to purchase all outstanding shares of GFI before its expiration on February 19. The expiration date for the tender offer is 5:00 PM New York City time on February 19, unless extended.
February 12, 2015
10:00 EDTBGCPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ally Financial (ALLY) upgraded to Outperform from Market Perform at Bernstein... BGC Partners (BGCP) upgraded to Outperform from Market Perform at Keefe Bruyette... Ballard Power (BLDP) upgraded to Buy from Hold at Lake Street... Copa Holdings (CPA) upgraded to Buy from Hold at Deutsche Bank... HubSpot (HUBS) upgraded to Overweight from Neutral at JPMorgan... INC Research (INCR) upgraded to Outperform from Neutral at RW Baird... Mosaic (MOS) upgraded to Buy at UBS... NICE Systems (NICE) upgraded to Equal Weight from Underweight at Barclays... Skechers (SKX) upgraded to Neutral from Underperform at Buckingham... TubeMogul (TUBE) upgraded to Buy from Neutral at Citigroup... Urban Outfitters (URBN) upgraded to Buy from Neutral at Goldman... Willis Group (WSH) upgraded at Morgan Stanley.
05:39 EDTBGCPBGC Partners upgraded to Outperform from Market Perform at Keefe Bruyette
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