StoneX Group posts record growth with net income doubling to $127.9 million, while expanding its institutional footprint through a new agency mortgage credit product and successful R.J. O'Brien integration.
StoneX reported net operating revenues up 47% and net income more than doubled, alongside launching a new agency mortgage credit structured product, pointing to continued growth.
StoneX Group reported a 47% surge in net operating revenue to $719.7 million, driven by strong performance in its institutional and commercial segments. The firm simultaneously launched a synthetic credit structure with DeltaTerra Investments, targeting the agency mortgage bond market as it integrates the R.J. O'Brien acquisition.
The partnership allows StoneX to offer institutional investors exposure to agency mortgage credit risk through credit default swaps, creating a new revenue stream ahead of a wave of callable bonds.