|Bid||13.32 x 300|
|Ask||13.33 x 600|
|Day's Range||13.32 - 13.38|
|52 Week Range||8.36 - 13.38|
|PE Ratio (TTM)||35.31|
|Dividend & Yield||0.72 (5.44%)|
|1y Target Est||N/A|
Zacks.com featured highlights: Arkema, BGC Partners, Meta Financial Group, SYNNEX and Ituran Location and Control
Brokerage BGC Partners Inc said on Tuesday it would buy mortgage provider Berkeley Point Financial LLC from financial services firm Cantor Fitzgerald for $875 million. BGC also said it would partner with Cantor to set up a commercial real estate business and would invest $100 million in cash for about 27 percent of the business. Cantor will contribute about $267 million of cash and non-cash assets for about 73 percent of the business and will also bear initial losses from the business, if any, up to about $37 million per year.
BGC Partners, the US interdealer broker, is stepping up its fight to grab market share from rivals TP ICAP and Nex Group in the battle to help global lenders cut billions of dollars of costs from running ...