StoneX Group Inc Closes on the Acquisition of GAIN Capital Holdings, Inc.

The consensus mark is pegged at a loss of 15 cents per share, suggesting a significant improvement from the year-ago quarter’s loss of 25 cents. Upstart Holdings UPST is slated to report fourth-quarter 2023 results after market close on Feb 13. “Black workers are still more likely to be unionized, which may play a part in the pension story,” said Jones. The Company anticipates that the merger will be completed during the fourth fiscal quarter of 2020, subject to the satisfaction or waiver of the remaining customary conditions to closing, including among other things, receipt of required regulatory approvals. We update our data on GAIN Capital Holdings every 24 hours, so you can always get our latest analysis of its financial health, here. All market data (will open in new tab) is provided by Barchart Solutions.

  1. The Zacks Consensus Estimate is currently pegged at $135.3 million, suggesting a decline of 7.9% year over year.
  2. The Company anticipates that the merger will be completed during the fourth fiscal quarter of 2020, subject to the satisfaction or waiver of the remaining customary conditions to closing, including among other things, receipt of required regulatory approvals.
  3. The company is scheduled to report fourth-quarter 2023 results on Feb 21.
  4. It sure looks interesting on these metrics – but there’s always more to the story .

In short, we’re not keen on GAIN Capital Holdings from a dividend perspective. Businesses can change, but we’ve spotted a few too many concerns with this one to get comfortable. With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if GAIN Capital Holdings is a new dividend aristocrat in the making.

Growing EPS can help maintain or increase the purchasing power of the dividend over the long run. In the last five years, GAIN Capital Holdings’s earnings per share have shrunk at approximately 16% per annum. If earnings continue to decline, the dividend may come under pressure. Every investor should make an assessment of whether the company overbought vs oversold is taking steps to stabilise the situation. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

How Do I Avoid Capital Gains Tax on My House?

Trading was provided via one of two electronic trading platforms, its own proprietary FOREXTrader PRO later renamed as StoneX Pro and MetaTrader 4. GAIN Capital allowed retail and institutional clients to speculate on global foreign exchange markets in what is known as ‘margin forex trading’. A net capital gain may be subject to a lower tax rate than the ordinary income tax rate. As such, these gains are taxed as ordinary income based on the individual’s tax filing status and adjusted gross income (AGI). Mutual funds that accumulate realized capital gains must distribute the gains to shareholders and often do so right before the end of the calendar year.

StoneX Financial Pty Ltd. is an Australian company located in Sydney that distributes electronic good related to stocks trading. The Barchart Technical Opinion rating is a 48% Buy with a Weakest short term outlook on maintaining the current direction. Per our model, NVIDIA NVDA, Akamai Technologies AKAM and Block SQ have the right combination of elements to post an earnings beat in their upcoming releases. Degradation in the macro environment, conservative assumption for Upstart Macro Index in loan pricing, seasonal headwinds and tightening from funding partners are expected to have hurt the top line in the quarter under discussion. The Zacks Consensus Estimate for fourth-quarter revenues from fees is pegged at $150 million, indicating a 3.8% decline from the year-ago quarter.


To see all exchange delays and terms of use please see Barchart’s disclaimer. The Zacks Consensus Estimate for Block’s fourth-quarter earnings stands at 60 cents per share, indicating a year-over-year improvement of 172.7%. It is estimated to report revenues of $5.69 billion, which suggests an increase of approximately 22.3% from the year-ago quarter. The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $1.59 per share, suggesting an increase of 16.1% from the year-ago quarter’s earnings of $1.37. Akamai’s quarterly revenues are estimated to improve 7.5% to $997.6 million. UPST currently carries a Zacks Rank of 4 (Sell) and has an Earnings ESP of -9.59%.

TIS (Treasury Intelligence Solutions Inc), a leading cloud platform vendor for corporate payments, announced today that it has appointed Chris Calhoun as CEO, Americas, as part of its commitment to its… Approximately 83.2 percent of GAIN’s shares issued and outstanding as of the close of business on April 23, 2020, the record date for the special meeting, were present in person or by proxy at the meeting. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment.

StoneX Group Inc. Closes on the Acquisition of GAIN Capital Holdings, Inc.

Less than 20% of Black wealth is stored in private businesses, corporate equities, and mutual funds. In contrast, less than 30% of white financial wealth is invested in pensions, with about 50% invested in businesses, equities, and mutual funds. If a company is paying more than it earns, the dividend might have to be cut. So we need to form a view on if a company’s dividend is sustainable, relative to its net profit after tax. While GAIN Capital Holdings pays a dividend, it reported a loss over the last year. When a financial business is loss-making and pays a dividend, the dividend is not covered by profits.

GAIN Capital Holdings, Inc., together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. It provides services to retail customers through and, as well as through brokers and white label partners. The company offers execution and risk management services for exchange-traded futures and futures options on the United States and European futures and options exchanges; and online trading services. GAIN Capital Holdings, Inc. was founded in 1999 and is headquartered in Bedminster, New Jersey.

Real Estate

About 28% of Black-owned businesses are found in these industries, compared with just under 20% of white-owned businesses, according to the Bureau of Labor Statistics. While less than 10% of all U.S. business owners are Black, Black-owned businesses were also more concentrated in industries hardest hit when COVID first spread, according to Economic Policy Institute analysis of government data. In April of 2020, more than 40% of Black business owners reported they were not working, compared with only 17% of white business owners. Both short- and long-term gains must be claimed on your annual tax return. Understanding this distinction and factoring it into investment strategy is particularly important for day traders and others who take advantage of the greater ease of trading in the market online.

Stocks With the Favorable Combination

Earnings for the typical Black full-time worker are up 7.1% since before the pandemic. These forward-looking statements speak only as of the date of this press release. INTL FCStone Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. This press release includes forward-looking statements including statements regarding the combined company. All statements other than statements of current or historical fact contained in this press release are forward-looking statements.

Moreover, capital losses can sometimes be deducted from one’s total tax bill. In 2023, long-term capital gains can be taxed at 0%, 15%, 20%, or 25%. The rate at which your gains are taxed will depend on your income, filing status, and the type of asset. Tax-conscious mutual fund investors should determine a mutual fund’s unrealized accumulated capital gains, which are expressed as a percentage of its net assets, before investing in a fund with a significant unrealized capital gain component. When distributed by a fund, capital gains are a taxable obligation for the fund’s investors.

If you spot an error that warrants correction, please contact the editor at editorial- This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Part of StoneX Group, Inc., GTX SEF LLC is a company headquartered in Bedminster, NJ, that provides online foreign exchange trading services. It is incurred when there is a decrease in the capital asset value compared to an asset’s purchase price. The industries with the largest total job losses early in the pandemic were also sectors where more Black-owned businesses are concentrated — accommodation, food services, retail, health care, and social assistance.

Adeyemo suggested that some “policy prescriptions” might be needed to even out the distribution of financial wealth in the U.S. As part of the transaction, INTL intends to make an offer at closing to repurchase GAIN’s $92 million convertible notes due 2022. Yet with a relatively short dividend paying history, we wouldn’t want to depend on this dividend too heavily. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).

We have also put together a list of global stocks with a market capitalisation above $1bn and yielding more 3%. GAIN Capital was founded in 1999 in Bedminster, New Jersey, and was one of the early developers of online forex trading. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.


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