Latest news with #BenchmarkCompany
Yahoo
28-05-2025
- Business
- Yahoo
Nvidia isn't a stranger to overcoming trade hurdles: Analyst on China
Semiconductor manufacturer Nvidia (NVDA) is coming out swinging in its latest earnings release, topping first quarter revenue estimates by posting revenue of $44.1 billion (vs. estimates of $43.3 billion). The company's adjusted earnings per share (EPS) fell short of estimates, the ban on its H20 chip shipments to China dragging its profits down to $0.81 (vs. estimates of $0.93 per share). Benchmark Company managing director and senior semiconductor research analyst Cody Acree comes on ahead of the chipmaker's earnings call to comment on Nvidia's business with China and other chip competitors in designing AI infrastructures — particularly from the company's new Blackwell computer chips — and the impact of the Trump administration's latest trade policies. Stay tuned for Yahoo Finance's special live coverage of Nvidia's first quarter earnings here, beginning at 4:15 p.m. on Wednesday, May 28. Sign in to access your portfolio
Associated Press
19-05-2025
- Business
- Associated Press
BTCS Inc. to Participate in Fireside Chat at Benchmark Digital Assets Virtual Seminar
Silver Spring, Maryland--(Newsfile Corp. - May 19, 2025) - BTCS Inc. (NASDAQ: BTCS) ('BTCS' or the 'Company'), a blockchain technology-focused company, announced that its Chief Executive Officer, Charles Allen, will be participating in The Benchmark Company's inaugural Virtual Digital Assets Seminar on Tuesday, May 20th. Details of the Fireside Chat: The event features virtual Fireside Chats with dynamic public and private Digital Assets companies, moderated by Mark Palmer, Benchmark's Fintech & Digital Assets Senior Analyst. These interactive conversations offer a platform for companies to share their growth strategies, market insights, and leadership perspectives in a format that encourages thoughtful dialogue and deeper investor engagement. 'I'm excited to take part in this fireside chat and talk about BTCS's incredible start to 2025,' said Charles Allen, CEO of BTCS. 'I'm looking forward to sharing the progress we've made—from scaling our validator operations to launching new strategic initiatives—and exploring how these efforts are driving revenue growth and shareholder value.' About The Benchmark Company: The Benchmark Company is an institutionally focused, research driven, sales trading and investment banking firm. We were founded in 1988 and are headquartered in New York City. Our focus is on fostering the long-term success of our corporate clients through raising capital, providing strategic advisory services, generating insightful research, and developing institutional sponsorship by leveraging the firm's sales, trading, and equity research capabilities. For more information visit: About BTCS: BTCS Inc. (NASDAQ: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting For more information follow us on: Twitter: LinkedIn: Facebook: Investor Relations: Charles Allen - CEO X (formerly Twitter): @Charles_BTCS Email: [email protected] To view the source version of this press release, please visit
Yahoo
18-05-2025
- Business
- Yahoo
Coinbase's dizzying week before S&P 500 debut: What happened?
Coinbase (COIN) started the week announcing its upcoming debut on the S&P 500 (^GSPC), but it quickly soured after news of a major cybersecurity breach and an ongoing US Securities and Exchange Commission (SEC) investigation. Mark Palmer, Benchmark Company managing director and senior research analyst of fintech and digital assets, joins Asking for a Trend to explain what happened. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. We're gonna take a look here at shares of Coinbase this week as it began with the platform reaching a major milestone announcing its addition to the S&P 500. But then things took a turn for the worse yesterday when the company disclosed a significant cybersecurity breach, confirmed an ongoing SEC investigation requiring regarding its past user metrics. Joining us now to break it all down. The latest is what he calls coins, uh, no good. Bad day. That would be Mark Palmer, benchmark company managing director, senior research analyst at FinTech and digital assets. Uh, Mark, it's good to see you. So there is a lot to break down here, Mark, all right, so they're added to the SPX. That's it. That's a big achievement. It's a big milestone, but then, Mark, we have this headline Ma hack. Maybe start there with the hack. I mean, your takeaways from that, Mark, how concerned should investors be about that? Yes, uh, well, first of all, thanks very much for having me on. You know, the, the situation with Coinbase is really something of a one-off. You know what we're talking about are consultants that were hired by the company for customer service abroad, and uh the cyber hackers in this case, uh, got a hold of these people and bribed them to provide them with access to Coinbase's platform. At which point they were able to access a lot of different materials about customers' backgrounds, but importantly, none of the log information, none of the private keys associated with crypto, uh, and, um, you know, none of the um access to customer wallets. So as a consequence of this, um, you know, there were no actual uh. You know, big amounts of money that were lifted off the platform as you typically will see with some of these hacking incidents. With that said, um, you know, this is, it's always a concern when an exchange has a breach, but management moved quickly. They came out with all of the information about what had happened as as fully as they could, and they had a remediation plan in place, which would ultimately help to Compensate any of those who are impacted by this, you know, to the tune of between $180 and $400 million. So it's a bizarre story, but it really didn't have anything to do with the various cybersecurity protection measures that the company has in place. This was really more of the real world type of incident that we're talking about here.
Yahoo
16-05-2025
- Business
- Yahoo
Coinbase's dizzying week before S&P 500 debut: What happened?
Coinbase (COIN) started the week announcing its upcoming debut on the S&P 500 (^GSPC), but it quickly soured after news of a major cybersecurity breach and an ongoing US Securities and Exchange Commission (SEC) investigation. Mark Palmer, Benchmark Company managing director and senior research analyst of fintech and digital assets, joins Asking for a Trend to explain what happened. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Wanna take a look here at shares of Coinbase this week, as it began with the platform reaching a major milestone, announcing its addition to the S&P 500. But then, things took a turn for the worst yesterday when the company disclosed a significant cyber security breach, confirmed an ongoing SEC investigation regarding its past user metrics. Joining us now to break it all down, the latest is what he calls coins, no good, very bad day. That would be Mark Palmer, Benchmark Company managing director, senior research analyst of Fintech and digital assets. Uh, Mark, it's good to see you. So there is a lot to break down here, Mark. All right, so they're added to the SPX. That's a big achievement. It's a big milestone, but then, Mark, we have this headline-making hack. Let's maybe start there with the hack. I mean, your takeaways from that, Mark. How concerned should investors be about that? Yes. Uh, well, first of all, thanks very much for having me on. You know, the situation with Coinbase, uh, is really something of a one-off. You know, what we're talking about are, uh, consultants that were hired by the company, uh, for, uh, customer service, uh, abroad. And, uh, the cyber hackers, uh, in this case, uh, got a hold of these people and bribed them to provide them with access to Coinbase's platform. Uh, at which point they were able to access, uh, a lot of different materials about customers' backgrounds, but importantly, none of the login information, none of the, the private keys associated, uh, with crypto, uh, and, um, you know, none of the, um, uh, access to customer wallets. So, as a consequence of this, um, you know, there were no, uh, actual, um, you know, big amounts of money that were lifted off the platform, as you typically will see, uh, with some of these hacking incidents. With that said, um, you know, this is, it's always a concern when an exchange has a breach. Um, but management moved quickly. Uh, they came out with all of the information about what had happened, um, as fully as they could, uh, and they had a remediation plan in place, uh, which, uh, would ultimately help to compensate any of those who are impacted by this, um, you know, to the tune of between $180 and $400 million. Uh, so it's a bizarre story, uh, but, uh, it really didn't have anything to do, uh, with the various, uh, cyber security, uh, protection measures, uh, that the company has in place. This was really, uh, more of the real world type of, uh, incident that we're talking about here.
Yahoo
09-05-2025
- Business
- Yahoo
StoneX Group Inc (SNEX) Q2 2025 Earnings Call Highlights: Record Revenues and Strategic ...
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. StoneX Group Inc (NASDAQ:SNEX) reported a 35% increase in net income and a 29% rise in diluted earnings per share compared to the previous year. The company achieved record operating revenues of $956 million, marking a 17% increase from the prior year. The acquisition of RJ O'Brien is expected to be transformational, enhancing StoneX's position in global derivatives and expanding its client base. StoneX's institutional segment experienced record net operating revenues and segment income, with growth of 28% and 41% respectively. The company has made strategic acquisitions and partnerships, including Benchmark Company and Bamboo Payment Systems, to expand its capabilities and market reach. Net income and diluted earnings per share were down 16% and 17% respectively from the record first quarter. The self-directed retail segment saw a 14% decline in net operating revenues and a 34% drop in segment income. FX and CFD revenues decreased by 12% due to a 19% decline in rate per million, driven by lower spread retention and product mix. Payments operating revenues were down 13% compared to the immediately preceding quarter. Interest and fee income earned on client balances decreased by 2% due to lower short-term interest rates. Warning! GuruFocus has detected 7 Warning Signs with SNEX. Q: Can you provide insights into the current market environment and your expectations for future volatility? A: (Unidentified_3) Over the past 12 to 18 months, we've seen a decline in volatility and an improvement in the interest rate environment. Currently, interest rates have stabilized, and volatility has increased, particularly due to tariffs and global trade reformatting. We anticipate higher volatility in the next 12 months, which is generally positive for us, although we prefer to avoid extreme volatility that could harm clients. Q: What are the prospects for growth in your payments business, given recent year-over-year declines? A: (Unidentified_3) We've faced capacity challenges due to our technology, but we've developed a new system, Xpay, which is now operational and allows us to handle higher volumes. This should lead to increased volumes and engagement from clients. However, market conditions will influence rate capture, which is hard to predict. Our partnership with Bamboo Payment Systems in Latin America is also expected to drive growth. Q: Can you explain the decline in fee per million in the retail segment despite the volatile environment? A: (Unidentified_3) Previously, our revenue capture was unusually high, and the recent decline reflects a return to more normalized levels. The product mix also contributed to this change. (Unidentified_2) Early in the quarter, the environment was challenging with tight spreads, but it improved towards the end of the quarter. Q: How do you manage risk during periods of high volatility to avoid large losses? A: (Unidentified_3) Risk management is a cultural aspect that involves predefined strategies and muscle memory. We ensure that client positions are appropriate for our size and that we understand the associated risks. Our risk team is experienced, and we maintain a diversified business to mitigate outsized risks during black swan events. Q: What impact could potential changes in banking regulations have on your competitive landscape? A: (Unidentified_3) While regulatory changes might slow down some trends, we don't expect banks to reverse their course significantly. They have refocused on large clients and proprietary trading, and we believe they will continue to prioritize businesses that are more meaningful to them. Q: Are there any updates on revenue synergies from the RJO acquisition? A: (Unidentified_3) We can't provide definitive metrics until the deal closes, but initial discussions with RJO's leadership indicate excitement about our broader capabilities. We believe the revenue synergies could be significant, potentially exceeding cost synergies, although they may take 12 to 18 months to materialize. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
