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Stock impact report

Siebert Reports Third Quarter 2024 Financial Results

Siebert Financial Corp. (SIEB) 
US:NASDAQ Investor Relations: siebertnet.com
Company Research Source: Business Wire
Q3 2024 Operating Income Increased 13% to $4.8 Million; Net Income Available to Common Stockholders Increased 39% to $3.8 Million MIAMI--(BUSINESS WIRE)--Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a diversified provider of financial services, today reported financial results for the third quarter ended September 30, 2024.Third Quarter 2024 Financial and Operational HighlightsRevenue increased 25% to $22.6 million, compared to $18.0 million in the third quarter of 2023Operating income increased 13% to $4.8 million, compared to $4.3 million in the third quarter of 2023Stock borrow / stock loan increased by 44% to $5.8 million, compared to $4.0 million in third quarter of 2023Retail customer net worth increased 10% to $17.5 billion, compared to $15.9 billion at the end of 2023Recent Business HighlightsAcquired Gebbia Entertainment, a music and entertainment company, marking strategic entry into the media and entertainment industries. The acquisition paves the way for new cont Show less Read more
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