BGC Gains on Plan to Buy Back Shares From Howard Lutnick

Dow Jones

May 20, 2025

By Dean Seal

Shares of BGC Group climbed after the financial-brokerage firm said it would buy back about $234 million in stock owned by Commerce Secretary Howard Lutnick.

The stock was up 8.4%, at $9.99, Monday afternoon. The shares have risen about 11% since the beginning of the year.

The repurchase is part of a deal in which Lutnick is handing ownership of his firm Cantor Fitzgerald over to his children. Cantor has a controlling stake in BGC.

As part of a government ethics agreement, Lutnick would cede his interests in Cantor by selling his stake in BGC and another affiliate, the real-estate company Newmark Group.

Newmark shares were up less than 1%, to $11.65.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

May 19, 2025 14:10 ET (18:10 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2536634674"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2536634674\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2536634674?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-20 02:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2536634674","market":"sg","top_or_hot":-1,"title":"BGC Gains on Plan to Buy Back Shares From Howard Lutnick","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of BGC Group climbed after the financial-brokerage firm said it would buy back about $234 million in stock owned by Commerce Secretary Howard Lutnick. \n</p>\n<p>\n  The stock was up 8.4%, at $9.99, Monday afternoon. The shares have risen about 11% since the beginning of the year. \n</p>\n<p>\n  The repurchase is part of a deal in which Lutnick is handing ownership of his firm Cantor Fitzgerald over to his children. Cantor has a controlling stake in BGC. \n</p>\n<p>\n  As part of a government ethics agreement, Lutnick would cede his interests in Cantor by selling his stake in BGC and another affiliate, the real-estate company Newmark Group. \n</p>\n<p>\n  Newmark shares were up less than 1%, to $11.65. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2025 14:10 ET (18:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BGC Gains on Plan to Buy Back Shares From Howard Lutnick</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBGC Gains on Plan to Buy Back Shares From Howard Lutnick\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-20 02:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of BGC Group climbed after the financial-brokerage firm said it would buy back about $234 million in stock owned by Commerce Secretary Howard Lutnick. \n</p>\n<p>\n  The stock was up 8.4%, at $9.99, Monday afternoon. The shares have risen about 11% since the beginning of the year. \n</p>\n<p>\n  The repurchase is part of a deal in which Lutnick is handing ownership of his firm Cantor Fitzgerald over to his children. Cantor has a controlling stake in BGC. \n</p>\n<p>\n  As part of a government ethics agreement, Lutnick would cede his interests in Cantor by selling his stake in BGC and another affiliate, the real-estate company Newmark Group. \n</p>\n<p>\n  Newmark shares were up less than 1%, to $11.65. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2025 14:10 ET (18:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2536634674","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536634674","pubTimestamp":1747678200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of BGC Group climbed after the financial-brokerage firm said it would buy back about $234 million in stock owned by Commerce Secretary Howard Lutnick.The stock was up 8.4%, at $9.99, Monday afternoon. The shares have risen about 11% since the beginning of the year.The repurchase is part of a deal in which Lutnick is handing ownership of his firm Cantor Fitzgerald over to his children. Cantor has a controlling stake in BGC.As part of a government ethics agreement, Lutnick would cede his interests in Cantor by selling his stake in BGC and another affiliate, the real-estate company Newmark Group.Newmark shares were up less than 1%, to $11.65.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4127":"投资银行业与经纪业","BGC":"BGC GROUP","HBMD":"Howard Bancorp","BK4211":"区域性银行"},"translate_title":"BGC因计划从Howard Lutnick回购股票而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HBMD":1,"BGC":1},"content_text":"By Dean Seal \n\n\n \n\n\n  Shares of BGC Group climbed after the financial-brokerage firm said it would buy back about $234 million in stock owned by Commerce Secretary Howard Lutnick. \n\n\n  The stock was up 8.4%, at $9.99, Monday afternoon. The shares have risen about 11% since the beginning of the year. \n\n\n  The repurchase is part of a deal in which Lutnick is handing ownership of his firm Cantor Fitzgerald over to his children. Cantor has a controlling stake in BGC. \n\n\n  As part of a government ethics agreement, Lutnick would cede his interests in Cantor by selling his stake in BGC and another affiliate, the real-estate company Newmark Group. \n\n\n  Newmark shares were up less than 1%, to $11.65. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 19, 2025 14:10 ET (18:10 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}