FY24 Income to Exceed Expectations

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CMC Markets (LON: CMCX) released a trading update today (Wednesday), revealing its expectations of net fiscal 2024 operating income to exceed the top end of the previously guided range of between £290 million and £310 million.

“Following the strong trading performance seen in Q3, the positive momentum continued in the fourth quarter,” the broker stated. “We continue to see strength in the institutional and B2B business as the Group benefits from the long-term investments in this area. The Group also has a strong pipeline of B2B partnerships some of which are in the advanced stages.”

CMC Markets (LON: CMCX) released a trading update today (Wednesday), revealing its expectations of net fiscal 2024 operating income to exceed the top end of the previously guided range of between £290 million and £310 million.

“Following the strong trading performance seen in Q3, the positive momentum continued in the fourth quarter,” the broker stated. “We continue to see strength in the institutional and B2B business as the Group benefits from the long-term investments in this area. The Group also has a strong pipeline of B2B partnerships some of which are in the advanced stages.”

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