BGC Group updates Q4 2023 outlook

Global brokerage and financial technology company BGC Group, Inc. (NASDAQ:BGC) today announced that it has updated its outlook for the quarter ending December 31, 2023.

BGC expects to be around the high-end of its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the fourth quarter of 2023.

Howard W. Lutnick, Chairman and CEO of BGC Group, said:

“Our business performed strongly throughout the fourth quarter. We expect to report double-digit revenue and pre-tax Adjusted Earnings growth for both the fourth quarter and full year 2023.”

Howard W. Lutnick also commented:

“We’ve made significant progress with FMX on multiple fronts during the quarter. We expect to have CFTC regulatory approval and announce our strategic partners in early 2024.”