SIEB News and Press, Siebert Financial Corp. From 07/21/20

NEW YORK , July 21, 2020 /PRNewswire/ -- Companies that use stock plan services provided by Siebert Financial Corp. (NASDAQ: SIEB) now have a powerful new enhancement to help boost plan participation. Siebert, through its broker-dealer subsidiary Muriel Siebert & Co., Inc., is add...

Achieved one of the highest quarterly revenues in the company’s recent history, increasing 130% from Siebert’s first quarter of 2019* The acquisition of StockCross added significant revenue through its business lines of clearing operations, market-making, equity stock pla...

Total assets under management increased 33% from the prior year due to organic growth of retail customer assets as well as institutional customer assets acquired from Weeden Prime Effective January 1, 2020, Siebert acquired StockCross, a clearing broker-dealer, for a total purchase pri...

Effective December 2, 2019, Siebert acquired Weeden Prime, a leading prime brokerage services provider, for a total purchase price of approximately $7.1 million in cash Weeden Prime has generated approximately $12-14 million in annual revenue Through its acquisition of Weeden Prime...

Siebert Financial (NASDAQ: SIEB ): Q3 GAAP EPS of $0.04. More news on: Siebert Financial Corp., Earnings news and commentary, Financial stocks news, Read more ...

Achieved highest quarterly revenue, operating income, and net income of 2019 Net income increased 11% from the second quarter of 2019, with revenue and operating income increasing marginally Entered into a binding agreement to purchase Weeden Prime, a leading prime brokerage servic...

Siebert Financial (NASDAQ: SIEB ) rises 2.7%  as it agrees to buy Weeden Prime Services, a prime brokerage business, in a move that will significantly boost Siebert's revenue and add substantial assets under management. More news on: Siebert Financial Corp., Financial stocks news, ...

Acquisition of Weeden Prime will add prime brokerage business line to Siebert as well as expand product offerings to retail customer base Weeden Prime will significantly increase Siebert’s revenue and will add substantial assets under management, two branch offices and 25 employ...

Revenue increased 10% from the first quarter of 2019, with operating profit increasing 5% Significant events: Signed binding letter of intent to acquire StockCross Included in the Russell 2000 ® Index as part of the 2019 Russell U.S. Indexes reconstitution Sieb...

Siebert Financial ( SIEB +6.9% ) agrees to acquire the remaining 85% interest in StockCross Financial Services, a clearing broker-dealer, adding market-making, equity stock plan services, IRA custodianship, and securities lending to Siebert’s current business lines. More ne...