Bank of America Securities Reaffirms Their Buy Rating on BGC Group (BGC)

In a report released yesterday, from Bank of America Securities maintained a Buy rating on BGC Group. The company’s shares closed yesterday at $10.78.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.

Currently, the analyst consensus on BGC Group is a Moderate Buy with an average price target of $14.00.

Based on BGC Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $955.48 million and a net profit of $84.15 million. In comparison, last year the company earned a revenue of $652.61 million and had a net profit of $55.16 million