{"id":2682217,"date":"2023-05-27T09:11:00","date_gmt":"2023-05-27T13:11:00","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/plato-data\/cantor-fitzgerald-europe-80-5-gross-profit-surge-in-2022\/"},"modified":"2023-05-27T09:11:00","modified_gmt":"2023-05-27T13:11:00","slug":"cantor-fitzgerald-europe-80-5-gross-profit-surge-in-2022","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/cantor-fitzgerald-europe-80-5-gross-profit-surge-in-2022\/","title":{"rendered":"Cantor Fitzgerald Europe: 80.5% Gross Profit Surge in 2022"},"content":{"rendered":"
<\/div>\n
\n

Cantor
\nFitzgerald Europe, an investment bank in securities and derivatives, has
\nreleased its financial statement for the year ended 31 December 2022. The
\nreport highlights the company’s strong financial performance and strategic
\npriorities going forward.<\/p>\n

In 2022, the
\ncompany operating from the United Kingdom, Israel, and Dubai, reported a profit
\nbefore tax of $12,6 million, a significant increase<\/a> of 36% from the previous
\nyear’s profit of $1,1 million. The company’s gross profit also increased by
\n80.5% compared to 2021. <\/p>\n

\u201cInvestment
\nBanking had a record year with increased deal flow in the power, infrastructure
\nand renewable energy space,\u201d the company wrote in the report. \u201cEquities
\ncontinued its transition to align the business with our strengths in the US. Prime
\nBrokerage continued to see significant client additions driving balance and
\nexecution growth.\u201d<\/p>\n

Despite
\nlower market volumes resulting in reduced client activity for Fixed Income,
\nCantor Fitzgerald Europe remained focused on maintaining profitability through
\ncost reduction and increasing revenues. The company aims to maintain a
\nregulatory capital surplus and exceed minimum capital ratio requirements.<\/p>\n