Marex Group (MRX) Company Overview

PCB, ZION and MRX made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 3, 2024.

MRX, PCB and ZION made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 3, 2024.

WASH, MRX and ZIM made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 26, 2024.

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the 'Group'; Nasdaq: MRX), a diversified global financial services platform, announces strong results for the third quarter (Q3) and nine months (9M) ended 30 September 2024, and upgraded outlook for the full year. Financial Highlights Financial Highlights: ($m) 3 months ended 30 September 2024   3 months ended 30 September 2023   Change1   9 months ended 30 September 2024   9 months ended 30 September 2023   Change1 Reported                       Revenue 391.2   296.6           32%   1,179.1   919.0           28% Profit Before Tax 79.0   47.6           66%   218.0   157.1           39% Profit Before Tax Margin (%)         20%           16%   400 bps           18%           17%   100 bps Profit After Tax 58.4   32.4           80%   161.3   113.2           42% Profit After Tax Margin (%)         15%           11%   400 bps           14%           12%   200 bps Return on Equity (%)         25%           18%   700 bps           25%           21%   400 bps Basic Earnings per Share ($)2 0.78   0.44           77%   2.20   1.57           40% Diluted Earnings per Share ($)2 0.73   0.41           78%   2.05   1.47           39%                         Adjusted 3                       Operating Profit3 80.5   52.9           52%    239.7   177.4           35% Operating Profit Margin (%)3         21%           18%   300 bps           20%           19%   100 bps Operating Profit after Tax Attributable to Common Equity3 57.5   34.6           66%   173.2   124.7           39% Return on Operating Profit after Tax Attributable to Common Equity (%)3         28%           22%   600 bps           31%           27%   400 bps Adjusted Earnings per Share($)2,3 0.82   0.53           55%    2.51   1.90           32% Adjusted Diluted Earnings per Share ($)2,3 0.76   0.49           55%    2.35   1.78           32% % Change is calculated on numbers presented to the nearest tenth of a million.

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ: MRX) today announced that it will release its fiscal 2024 third quarter results before market open on Thursday, November 7, 2024. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/.

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (Nasdaq: MRX) (“Marex”), the diversified global financial services platform, today announces the launch of a public offering of its ordinary shares (the “Offering”) by certain selling shareholders (the “Selling Shareholders”). The Selling Shareholders are offering a total of 7,000,000 ordinary shares.

IPO Stock Of The Week and U.K.-based financial leader Marex is approaching a buy point after a 43% rally in recent months.

LONDON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the ‘Group'; NASDAQ: MRX), the diversified global financial services platform, today announces that it has agreed terms to acquire Hamilton Court Group which will expand the foreign exchange (FX) services it offers clients, consistent with its strategy to bring new clients and new capabilities onto its platform and diversify its earnings. Headquartered in London, Hamilton Court Group offers a full suite of FX products, ranging from bespoke complex FX options and derivative structures to more ‘vanilla' products such as forwards, spots and swaps.

LONDON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, today announces the completion of its acquisition of Dropet, a Spanish biofuels company, expanding its range of renewables products as it continues to grow its global environmental products business. The acquisition is aligned with Marex's strategy to diversify its business and increase earnings resilience.