INTL FCStone Reports 2014 Financial Metrics, Operating Revenues Jump 22% YoY
INTL FCStone Inc. has released is financial results for the first quarter ending December 31, 2014, characterized by a 22% YoY jump in operating revenue to $137.5 million from $112.9 million over the same period in 2013.
The release follows on the December publication of operating metrics, which saw a rise across its business divisions. The firm’s net income was up on a quarterly level, reaching $5.8 million, significantly higher than 2013 figures.
In terms of volumes, exchange-traded volume and OTC volume both reported a small uptick – exchange-traded volume came in at 25,176,400 contracts during the three previous months ending December 31, 2014, up 5% YoY from 23,874,600 contracts over the same period in 2013.
Moreover, OTC volume experienced a marginal growth of 2% YoY having yielded 290,200 contracts over the three previous months ending December 31, 2014 – this was weighed against a figure of 285,400 contracts in 2013.
According to Sean M. O'Connor, CEO of INTL FCStone Inc., in a recent statement on the metrics, "We are very pleased to report our second consecutive quarterly record in operating revenues as well as much stronger quarterly net earnings of $9.4mm or $0.49 per share representing an annualized ROE of nearly 11%.
Our largest segment, Commercial Hedging, had a very strong quarter with revenues up 50% and segment earnings up 106% versus a year ago and up 56% from the previous quarter. The Global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term segment achieved a 65% increase in the number of payments, albeit with a lower average value per payment. With an increase in market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term driving both an increase in customer volumes and spreads we continue to see an improving trend line in our results which should be enhanced with the addition of the GX Clarke business in the second quarter.”
INTL FCStone Inc. has released is financial results for the first quarter ending December 31, 2014, characterized by a 22% YoY jump in operating revenue to $137.5 million from $112.9 million over the same period in 2013.
The release follows on the December publication of operating metrics, which saw a rise across its business divisions. The firm’s net income was up on a quarterly level, reaching $5.8 million, significantly higher than 2013 figures.
In terms of volumes, exchange-traded volume and OTC volume both reported a small uptick – exchange-traded volume came in at 25,176,400 contracts during the three previous months ending December 31, 2014, up 5% YoY from 23,874,600 contracts over the same period in 2013.
Moreover, OTC volume experienced a marginal growth of 2% YoY having yielded 290,200 contracts over the three previous months ending December 31, 2014 – this was weighed against a figure of 285,400 contracts in 2013.
According to Sean M. O'Connor, CEO of INTL FCStone Inc., in a recent statement on the metrics, "We are very pleased to report our second consecutive quarterly record in operating revenues as well as much stronger quarterly net earnings of $9.4mm or $0.49 per share representing an annualized ROE of nearly 11%.
Our largest segment, Commercial Hedging, had a very strong quarter with revenues up 50% and segment earnings up 106% versus a year ago and up 56% from the previous quarter. The Global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term segment achieved a 65% increase in the number of payments, albeit with a lower average value per payment. With an increase in market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term driving both an increase in customer volumes and spreads we continue to see an improving trend line in our results which should be enhanced with the addition of the GX Clarke business in the second quarter.”