BGC Partners Reports First Quarter 2016 Financial Results
Posted: Tue Apr 26, 2016 2:41 pm
BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets, today reported its financial results for the quarter ended 31 March, 2016.
The company has reported that its first quarter post-tax distributable earnings grew by 24 percent year-over-year to $77 million, while its distributable earnings revenues increased by 17 percent to $660 million.
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Strong performance
Howard W. Lutnick, Chairman and Chief Executive Officer of BGC, commented on the company’s solid results: ... (read more)