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Marex Group (NASDAQ:MRX) reported quarterly earnings of $1.64 per share which beat the analyst consensus estimate of $1.36 by 20.59 percent. This is a 60.78 percent increase over earnings of $1.02 per share from the
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Marex Group Limited announced that Chair Robert Pickering has stepped down after a three-year tenure that oversaw the company's transformation from a private firm to a NASDAQ-listed business with over $5 billion market capitalization. John Pietrowicz, former CFO of CME Group, has been appointed as the new Chair. The leadership transition comes as Marex continues its growth trajectory following its successful IPO in April 2024.
https://www.wsj.com/finance/investing/cantor-lets-hedge-funds-place-big-bets-on-kalshis-prediction-markets-625d21e7
UBS analyst Alex Kramm maintains Marex Group (NASDAQ:MRX) with a Buy and raises the price target from $82 to $90.