Siebert Financial Corp. (SIEB) provides a range of brokerage and financial services. In August, Siebert announced the acquisition of a 24% stake in Tigress Financial Partners. In consideration, Tigress Financial will receive 24% of WPS Prime Services, a subsidiary of Siebert, and common shares of Siebert. Let’s take a look at the company’s latest financials, along with what has changed in its key risk factors that investors should be aware of. In Q2, driven by its Securities Finance and Market Making divisions, Siebert’s revenue increased 33% year-over-year to $16.8 million. Retail customer net worth surged to $16 billion, from $14.6 billion at the end of 2020.
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Siebert Financial (NASDAQ:SIEB)
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Siebert Financial (NASDAQ:SIEB)
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From Oct 2020 to Oct 2021 Click Here for more Siebert Financial Charts.