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Siebert Reports Full Year 2024 Financial Results

1. SIEB's 2024 revenue rose 17% to $83.9 million. 2. Commissions increased 32%, indicating strong operational performance.

Earnings
+2.11%Current Return
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+0.41%S&P 500
$2.8503/31 08:06 AM EDTEvent Start
$2.9104/01 03:08 PM EDTLatest Updated
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FAQ

Why Bullish?

The strong revenue and commission growth indicate healthy business momentum, historically correlating with stock price increases for financial services firms. Similar trends in past earnings reports have led to positive market reactions.

How important is it?

The article highlights key financial metrics that directly impact investor perception and investment decisions regarding SIEB, thereby influencing its stock price.

Why Short Term?

Immediate investor sentiment may improve as they react to positive earnings. Previous quarters have shown that strong quarterly performances typically influence stock price in the short run.

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SCHWAMTDETFC
MIAMI--(BUSINESS WIRE)---- $Nasdaq #Nasdaq--Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a diversified provider of financial services, today reported financial results for the year ended December 31, 2024. Full Year 2024 Financial and Operational Highlights Revenue increased 17% to $83.9 million, compared to $71.5 million in 2023. Commissions and fees increased 32% to $9.6 million, compared to $7.3 in 2023. Stock borrow/stock loan increased by 19% to $19.2 million, compared to $16.2 million in 2023. Net inc.

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