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Major stock indexes finished lower Wednesday ahead of several Big Tech earnings reports after the closing bell. Meanwhile, 10-year Treasury yields hit their highest level in two months amid inflation concerns as oil prices surged further. The tech-focused Nasdaq Composite and benchmark S&P 500 closed down 0.6% and 0.1%, respectively, while the blue-chip Dow Jones Industrial Average finished fractionally lower. The trio closed higher yesterday following three consecutive sessions of losses, as chip stocks powered gains. Investors were awaiting Big Tech earnings from Magnificent Seven members Alphabet (GOOGL) and Tesla (TSLA) after the closing bell. Shares of Google parent Alphabet and Elon Musk-led electric vehicle maker Tesla finished down more than 1% apiece before their results. (Read our live coverage of Big Tech earnings here.) “The outcome of tonight’s reports will likely influence investor sentiment toward the broader AI ecosystem,” Siebert Financial CIO Mark Malek said in written commentary. “Subsequent technology earnings will be evaluated through the same lens.” GE Vernova (GEV) shares ended about 8% lower and those of AT&T (T) rose 3.5% after they reported results before the bell Wednesday. International Business Machines (IBM), Texas Instruments (TXN), and ServiceNow (NOW) were slated to do so after markets close. Shares of Super Micro Computer (SMCI), or Supermicro, soared about 20% to pace the S&P 500 after the maker of AI servers estimated gross margins in its recently completed fourth quarter would be roughly double their previous projection. Those of rival server makers Hewlett Packard Enterprise (HPE) and Dell Technologies (DELL) rose more thn 3% and nearly 10%, respectively. Oil prices jumped as the U.S.-Iran conflict continued and U.S. Secretary of State Marco Rubio told reporters a meeting in the Philippines that the Middle East nation was “not serious about talks.” Later Wednesday, President Donald Trump wrote on Truth Social that “any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT, including those located next to, or in, the Capital City of Tehran.” West Texas Intermediate futures, the U.S. benchmark, advanced almost 3% at 4 p.m. ET to $86.75 a barrel, their highest level in six weeks. Brent crude futures, the global benchmark, were 3.4% higher to above $94 a barrel. Meanwhile, the 10-year Treasury yield, which influences interest rates on a variety of consumer loans including mortgages, hit its highest intraday level since May 19 Wednesday at almost 4.67%, up about four basis points from Tuesday’s close. According to the CME Group’s FedWatch tool, traders are pricing in a 24% likelihood of a Federal Reserve rate hike at its meeting next week, up from less than 11% one week ago, and a 69% chance of at least a quarter-percentage-point rate hike at its September meeting, up from 48% a week ago. Bitcoin was trading around $65,900, down slightly over the past 24 hours. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, edged lower to 101.13. Gold futures rose 1.6% to $4,140 an ounce. JULY 22, 2026 AT 10:15 PM GMT Alphabet, Tesla Fall After Hours Following Earnings Shares of Alphabet (GOOGL) and Tesla (TSLA) fell in extended trading after the tech giants reported quarterly results. The Google and YouTube parent reported results that topped Wall Street expectations on the top and bottom lines, while the EV maker’s profit came in well short of analysts’ estimates. Read our full coverage of the big afternoon of Big Tech earnings here. JULY 22, 2026 AT 07:20 PM GMT There’s a New Benchmark Index for Digital Assets—And Bitcoin’s Not In It The elephant in the crypto universe is getting snubbed. S&P Dow Jones Indices, the index provider behind the S&P 500, and crypto investment shop Pantera Capital launched a new benchmark for digital assets yesterday called the S&P Pantera Digital Asset Index. It isn’t the first yardstick that aims to represent the crypto market, but it is likely among the more high-profile that doesn’t include bitcoin. That’s by design—the 18-constituent index’s main feature is that it only includes tokens that show real-world use and whose underlying blockchains generate revenue, or “things that we think that matter for serious investors,” according to S&P Dow Jones Indices CEO Kathy Clay. “What we’re trying to bring are the same sort of principles that we have in our equity indexes into digital assets,” she said in an interview with CNBC. Other high-profile benchmark indexes aim to represent the broader crypto market and end up bitcoin-heavy. For example, the Nasdaq CME Crypto Index has a near 77% weighting in bitcoin, and a 13% weighting in the next largest, ether. The FTSE Digital Asset All Cap Index similarly has bitcoin at a 75% weighting. That would make sense because the cryptocurrency’s market cap accounts for roughly 57% of the total market, per CoinGecko. Read the full article here. -Crystal Kim JULY 22, 2026 AT 07:04 PM GMT Investors Looking for Insights on Tesla’s AI Initiatives Tesla is expected to report a 19% increase in revenue over the second quarter of last year, as the EV maker continues sharpening its focus on AI. The Elon Musk-led company is expected to report revenue of $26.29 billion for the latest quarter, along with adjust earnings 55 cents per share, up 15 cents from a year ago. Earlier this month, Tesla reported second-quarter delivery number that came in well above analysts’ estimates. Morgan Stanley analysts said they see Tesla turning in a solid second quarter, but that investors will likely be more focused on updates to long-term projects. The analysts said the “key investor debate remains unchanged: can Robotaxi and Optimus progress quickly enough to justify an accelerating AI investment cycle?” Meanwhile, speculation continues about a potential merger with SpaceX (SPCX), Elon Musk’s rocket, connectivity and AI company, which went public last month to great fanfare but has seen its share price sink in recent weeks. -Aaron McDade JULY 22, 2026 AT 06:30 PM GMT Google Cloud Revenue Is Expected to Have Soared in Q2 Wall Street analysts predict that Alphabet will report revenue growth of about 20% for the second quarter versus the like period last year, amid continued huge growth in its Google Cloud business. Alphabet is expected to report earnings of $2.90 per share on revenue of $117.19 billion, according to analysts’ estimates compiled by Visible Alpha. Revenue in its Search business is seen coming in at $63.29 billion, while Google Cloud revenue, a key sign of demand for AI compute, is projected to have risen 65% to $22.50 billion. The projected revenue growth is similar to what the company recorded in the first quarter. Analysts from HSBC recently wrote that they will be looking for insights into whether customers are looking to manage their AI expenses by using lower-cost models, along with how the company sees rising hardware prices affecting its spending plans. -Aaron McDade JULY 22, 2026 AT 06:21 PM GMT GM Stock Surges for 2nd Straight Session After Earnings General Motors (GM) shares had a strong session yesterday after the automaker reported quarterly earnings. It’s following that up with another good one. GM stock is up 3.5% in mid-afternoon trading after surging 5% Tuesday following what Morgan Stanley analysts called a “beat, raise, repeat” earnings report. The analysts wrote in a note to clients that GM’s software and services business “is an underappreciated growth driver,” adding that it “has the potential to drive a significant re-rating in the shares as the company accretes high margin revenue through the P&L, and continues to add disclosure around the outlook for this business.” With its two-day surge, GM stock has moved into positive territory for 2026. JULY 22, 2026 AT 05:29 PM GMT Taco Bell’s Foot-Traffic Decline Worse Than Previously Indicated, Placer.ai Says The decline in foot traffic to Taco Bell locations after a lettuce recall was steeper than previously indicated, Placer.ai says. On Monday, Placer.ai said its data indicated that as of last Friday, July 17, foot traffic was down by 18.9% at Taco Bell compared with the day-of-the-week average between Jan. 1 and July 6. However, the company said it “discovered a bug that caused data discrepancies in the visit data” for Taco Bell and other restaurant chains. The corrected figure indicates foot traffic at the Mexican-inspired chain dropped 30.9% over that time frame—and remained lower. New Placer.ai data says foot traffic was down 29.8% as of Saturday, July 18. Last Thursday, the U.S. Food & Drug Administration announced an investigation into an outbreak of Cyclospora illnesses linked to certain shredded iceberg lettuce from Mexico served at Taco Bell locations in Indiana, Kentucky, Michigan, Ohio, and West Virginia. According to the FDA, Cyclospora “is a parasite that is so small it can only be seen under a microscope,” but people can get an intestinal illness called cyclosporiasis when they eat food or drink water that’s contaminated with it. Shares of Taco Bell parent Yum! Brands (YUM) rebounded 1.5% today but are down about 9% since reports of the foodborne illness first spread less than two weeks ago. JULY 22, 2026 AT 04:45 PM GMT Utilities, Materials Lead S&P 500 Sectors Higher The S&P 500 is slightly higher on the day. Its Utilities and Materials Sectors are aiding the cause. The benchmark index is up 0.2% in early afternoon trading, paced by the Utilities and Materials Sectors, which are a respective 1.9% and 1.5% higher. Seven of the 11 sectors tracked by the index are in the green. Consumer Discretionary shares are down 0.6% to pace sector decliners. JULY 22, 2026 AT 03:24 PM GMT GE Vernova Shares Sell Off Following Weak Wind Orders GE Vernova (GEV) posted stronger-than-expected second-quarter revenue and lifted its full-year outlook. Its shares are sinking, though, because of soft results in its Wind segment. Shares of GE Vernova dropped about 6% Wednesday morning the former General Electric unit posted Q2 earnings of $2.47 per share, well below the $3.15 consensus of analysts surveyed by Visible Alpha. GE Vernova’s Wind orders came in at $1.2 billion, below expectations of $1.36 billion. It marked a 40% organic decline year-over-year, “due to lower equipment at Onshore Wind.” The Cambridge, Mass.-based firm posted revenue of $11.1 billion, above estimates of $10.8 billion, and raised its 2026 revenue forecast to a range of $45.5 billion to $46.5 billion, up from $44.5 billion to $45.5 billion. It also lifted its free cash flow outlook to $11.5 billion to $12.5 billion from the prior $6.5 billion to $7.5 billion. Despite today’s decline, shares of GE Vernova are up 55% since the start of the year. JULY 22, 2026 AT 01:36 PM GMT Morgan Stanley Analysts Say Sentiment Has Gotten ‘Too Negative’ on Software Stocks. These Are Their Picks A number of software stocks have had a tough time lately. That could leave some high-profile names primed for a rebound, according to Morgan Stanley. The S&P 500 software industry index has dropped more than 25% from its highs last October as many investors trimmed their holdings in the sector amid worries about AI-driven disruption. America’s largest software exchange-traded fund, the iShares Expanded Tech-Software Sector ETF (IGV), is down 13% this year so far, compared to the S&P 500’s close to 10% gain over the same period. “We think the market has become too negative,” Morgan Stanley analysts wrote in a note to clients Tuesday, saying that they believe “there are more opportunities than investors currently believe.” Here are some of their top ideas for ways investors could play a rebound in the sector. Microsoft (MSFT), which has seen its stock lose nearly a fifth of its value year-to-date, making it the weakest-performing Magnificent 7 stock of 2026 so far, was one of Morgan Stanley’s picks. The software giant was the “highest quality” choice Morgan Stanley screened, based on its competitive moat and near-term growth potential, according to the analysts. Their price target of $600 for the stock would suggest 50% upside from Tuesday’s close and is a bit above the analyst consensus compiled by Visible Alpha around $550. Read the full article here. -Kara Greenberg JULY 22, 2026 AT 12:31 PM GMT Monday.com to Lay Off 20% of Workforce Before the bell, Monday.com said in a regulatory filing that it initiated a restructuring plan “intended to support a leaner, more focused operating model.” It will include mass layoffs. The Israel-based company, known for its software that helps teams keep track of work, said it intends to lay off about 20% of its workforce as it “continues to invest in its AI-driven growth strategy.” Monday.com estimates it will incur about $45 million to $55 million in net charges, which are expected to be recognized in the second half of the year. The firm now sees full-year adjusted operating margin of about 15%, up from its previous guidance of roughly 13%. It still expects year-over-year revenue growth and adjusted free cash flow margin of about 19% to 20%. Monday.com shares have lost half their value since the start of the year. They rose 2% premarket following the news. JULY 22, 2026 AT 12:04 PM GMT Supermicro Shares Soar on Updated Gross Margins Forecast Super Micro Computer (SMCI) significantly lifted its gross margins estimate for its recently completed fiscal fourth quarter. Investors loved what they heard. Shares of Super Micro Computer, or Supermicro, soared 15% before the bell Wednesday, a day after the maker of AI servers estimated gross margins for the quarter ended on June 30 would be roughly double their previous projection. The San Jose, Calif.-based firm now expects Q4 gross margins to be in the range of 15% to 17%, up from its prior guidance of 8.2% to 8.4%, “primarily due to a favorable customer and product mix.” Although Supermicro now sees Q4 revenue “to be near the low end of our guidance of $11.0 billion to $12.5 billion,” it added that its “backlog rose to record levels at the end of fiscal 2026 with total new orders in excess of $60 billion received during the fourth quarter.” The news provided a lift to shares of rival server makers Hewlett Packard Enterprise (HPE) and Dell Technologies (DELL), which rose more than 2% apiece. Shares of Supermicro, which is slated to release its full earnings report on Aug. 11, entered Wednesday down about 13% this year. UPDATE—This item has been updated to correct the quarter of the updated forecasts and add the date of its full earnings report. JULY 22, 2026 AT 10:57 AM GMT Stock Futures Point to Lower Open on Big Tech Earnings Day as Oil Prices Jump Futures contracts tied to the Dow Jones Industrial Average were fractionally lower. S&P 500 futures pointed 0.2% lower. Nasdaq 100 futures were down 0.6%. Read the original article on Investopedia

MIAMI and NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) -- Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a diversified provider of financial services, today announced financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial and Operational Highlights Total revenue was $23.5 million for the first quarter of 2026. Stock borrow/stock loan revenue increased 41% to $6.8 million, compared to $4.8 million in the first quarter of 2025. Advisory fees increased 35% to $1.0 million, compared to $0.7 million in the first quarter of 2025. Commissions and fees increased 11% to $2.3 million, compared to $2.1 million in the first quarter of 2025. Investment banking revenue was $1.6 million, adding to Siebert’s diversified revenue mix. Retail customer net worth was $18.8 billion at quarter's end. Net loss was $2.0 million, compared to net income of $8.7 million in the first quarter of 2025.* Basic and diluted loss per share was $0.05, compared to basic and diluted earnings per share of $0.22 in the first quarter of 2025.* For the three months ended March 31, 2026, Siebert’s results compared to the prior-year period reflected continued growth across core business lines, including stock borrow/stock loan and investment banking, offset by lower interest-related revenue, higher operating expenses, impairment of goodwill and an intangible asset related to our Media, Sports, and Entertainment divisions, as well as the $9.2 million unrealized gain recognized during the prior-year period related to our pre-IPO investment in restricted equity securities of a U.S. company that completed an IPO on March 31, 2025. *The year-over-year comparison was affected by the $9.2 million non-cash unrealized gain recorded in the first quarter of 2025 on the restricted equity securities investment. Following the expiration of contractual resale restrictions on the equity securities, Siebert sold the majority of its position and recognized a net gain of $2.4 million related to the investment. First Quarter 2026 and Recent Business Highlights Siebert Financial and Newsmax expanded their strategic partnership through financial programming and a national advertising campaign designed to bring Siebert’s financial expertise, brand, and services to Newsmax’s national audience. Additionally, Siebert professionals are expected to appear in dedicated financial programming on Newsmax, providing commentary on markets, the economy, wealth planning, corporate finance, and other key investment themes. Gebbia Media launched Tactical Wealth on Newsmax 2, bringing the podcast to television in a weekly format focused on the military and veteran community. Tactical Wealth supports Siebert’s broader engagement with veteran entrepreneurs and the military community, including the growth of tailored services such as Siebert.Valor. Management Commentary “Our first quarter results show strength across several important areas of the business, including stock loan, advisory fees, and commissions,” said John J. Gebbia, CEO of Siebert. “Our focus is on the bigger picture: building a broader Siebert platform, expanding our national reach, and creating new paths for long-term client and shareholder growth. Our expanded Newsmax partnership gives Siebert a national platform to introduce new services and support account-based expansion later this year. “The year-over-year comparison reflects the impact of a significant non-cash unrealized gain recorded in the first quarter of 2025. This doesn’t detract from the key fact that Siebert entered 2026 with a more diversified operating base and a clear plan to scale,” said Andrew Reich, CFO of Siebert. “We are managing the business diligently while continuing to invest in areas that can support future revenue growth.” About Siebert Financial Corp. Siebert is a diversified financial services company and has been a member of the NYSE since 1967, when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms. Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd., Gebbia Media LLC, and Siebert Crypto, LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage; investment banking and capital markets services; investment advisory and insurance offerings; securities lending; corporate stock plan administration solutions; in addition to sports management, entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend," and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert's business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to realize anticipated synergies or successfully implement new business plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert's Annual Report on Form 10-K for the year ended December 31, 2025, and Siebert's filings with the SEC. Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws. For inquiries, please contact: Deborah Kostroun [email protected] +1-201-403-8185

MIAMI, August 12, 2025--(BUSINESS WIRE)--Siebert Financial Corp. (NASDAQ: SIEB) ("Siebert"), a diversified provider of financial services, today reported financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial and Operational Highlights* Adjusted Revenue** was $21.7 million, compared to revenue of $20.9 million in the second quarter of 2024 Realized a $2.4 million year-to-date total gain from an investment in an equity security, which Siebert acquired in connection with a private placement from a private U.S. company. The transition from a $9.2 million unrealized gain in the first quarter of 2025 to a $6.8 million loss in the second quarter of 2025 impacted the results of the first and second quarter of 2025. Adjusted Operating Income** was $1.0 million, compared to operating income of $5.6 million in the second quarter of 2024, primarily due to the additional investment in new personnel related to technology initiatives and expansion into new business lines such as investment banking and servicing active trader customers. Stock borrow/stock loan revenue was $7.5 million, compared to $4.7 million in the second quarter of 2024, reflecting meaningful growth in this business line Second Quarter 2025 and Recent Business Highlights Added to the Russell 2000 Index, enhancing visibility with institutional investors Invested $2.0 million in IQvestment Holdings ("FusionIQ"), a cloud‑native digital wealth management platform Gebbia Media (a subsidiary of Siebert) acquired Big Machine Rock, expanding Siebert’s presence in the music industry Launched Gebbia Media’s Sports Division, providing holistic financial, tax, brand, wealth advisory services and financial literacy to elite athletes Introduced "Tactical Wealth" podcast through Gebbia Media, featuring military and veteran financial success stories, strengthening the bond with the military and veteran community. Rolled out the "Generation Wealth" marketing campaign via Gebbia Media to engage Generation Z investors with influencer‑driven, AI‑enhanced content Management Commentary* "The second quarter reflected continued progress across our strategic initiatives, as we strengthened our long‑term growth platform with investments in technology and digital wealth management, and expanded our reach through new media, sports, and entertainment offerings," said John J. Gebbia, Chairman and CEO of Siebert. "While our financial results for the quarter were impacted by the quarterly loss on our equity investment following the IPO of the underlying company, we generated a total gain of $2.4 million on this investment year‑to‑date. We remain focused on executing our growth strategy, enhancing client experiences, and positioning Siebert to capitalize on opportunities in emerging markets and digital finance." Andrew Reich, CFO of Siebert, added: "The timing of the recording of the year-to-date $2.4 million gain from our equity investments resulted in our second quarter revenue and operating income being lower. We continue to invest in new personnel related to technology initiatives and expansion into new business lines such as investment banking and servicing active trader customers. We also advanced our strategic initiatives with the $2.0 million investment in FusionIQ and the acquisition of Big Machine Rock, reinforcing our commitment to long‑term growth and diversification. We believe these actions strengthen our foundation for sustainable performance and shareholder value creation." *Refer to Siebert’s 2025 Q2 10-Q, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations for further detail about the results of the quarter, including the investment in equity security. **Adjusted revenue and operating income excludes the impact from the investment in equity security. Notice to Investors This communication is provided for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere. About Siebert Financial Corp. Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms. Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions. Gebbia Media LLC provides entertainment, media production, and sports management services and provides in-house marketing and advertising services for Siebert. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by or that include the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend" and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns, including those resulting from extraordinary events; changes and volatility in tariffs and trade policies; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2024, and Siebert’s filings with the SEC. Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur, that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether because of new information, future events or otherwise, except to the extent required by the federal securities laws. View source version on businesswire.com: https://www.businesswire.com/news/home/20250812498124/en/ Contacts Investor Relations: Matt Glover and Clay Liolios Gateway Group, Inc. 949-574-3860 [email protected]

Earnings season is in full swing, and Wall Street has a clear message to companies: Good just isn't good enough. That growing thesis comes into even sharper focus this week, which sees Alphabet (GOOG) and Tesla (TSLA) set to report on Wednesday — the first of the "Magnificent Seven" results this quarter. Market action last week reinforced the message, with big banks like JPMorgan (JPM) and Bank of America (BAC) ending the week with muted gains despite solid earnings and a message of consumer resilience. Netflix (NFLX), which currently trades at roughly 40 times forward earnings, a steep premium to the broader market and even many of its tech peers, faced an even sharper reaction. Shares fell 5% on Friday despite the streaming giant reporting a beat on both the top and bottom lines and raising its full-year guidance. "An overall 'good' set of results and guide were not good enough for elevated expectations,” William Blair analyst Ralph Schackart wrote in a reaction to the Netflix report. That disconnect between performance and price reaction isn't isolated. As earnings season ramps up, the broader market is contending with elevated valuations and a growing sense that even strong results may not be enough to justify current levels. "The biggest risk right now is valuation," Brian Jacobsen, chief economist at Annex Wealth Management, told Yahoo Finance on Friday. "When we look at the fundamentals, I think that those will be improving. But how much are you paying for those fundamentals?" Companies entered this earnings season with lowered expectations, shaped by growing uncertainties around tariffs, policy, and the path of interest rates. According to FactSet, analysts initially projected just under 5% earnings growth for the S&P 500 (^GSPC) in the second quarter. That estimate rose to 5.6% on Friday as more companies reported stronger-than-expected results. If that number holds, it would still mark the slowest pace of profit growth since Q4 2023. So far, 83% of S&P 500 companies that have reported topped second quarter EPS estimates, above the five-year average of 78%. Still, the average earnings surprise of 7.9% lags the five-year norm of 9.1%. And with a relatively easy bar to clear, strategists warn that investors are showing little patience for any stumbles. "I expect that we're going to be seeing a lot of volatility," Jacobsen said. "Earnings misses are going to get punished a lot more than usual. I don't think investors have the patience to really deal with companies that are missing any of those estimates." Stocks are currently trading at record highs after staging a historic comeback since Trump's initial "Liberation Day" tariff threats in April, which briefly triggered a sharp sell-off after he pledged sweeping duties on some of the US's largest trading partners. The White House later softened its stance, first granting a 90-day extension and then pushing the deadline again to Aug. 1. That walk-back fueled a familiar narrative on Wall Street — the so-called TACO trade, an acronym for "Trump Always Chickens Out." The phrase captures a belief among some investors that the president often talks tough on tariffs but rarely follows through. That assumption has helped fuel a tailwind for markets in recent months as traders increasingly bet on last-minute policy pivots. But even as markets rally on hopes of policy reversals, the underlying uncertainty hasn't gone away. Mark Malek, chief investment officer at Siebert Financial, told Yahoo Finance on Friday that as earnings season continues, investors will have a clearer view of how tariff-sensitive industries are holding up in this environment. "All the flags are heading in the right direction — for now," he said, emphasizing the uncertainty heading into the next wave of earnings. "We know [tariff-related inflation] is going to be a headwind. Either it's going to cost corporations in earnings or it's going to come right to the consumer," he said. "The market's trying to trying to digest all of this, and so far it's done a good job. But I think there's another shoe to drop soon." Allie Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at [email protected]. Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance

MIAMI, May 13, 2025--(BUSINESS WIRE)--Siebert Financial Corp. (NASDAQ: SIEB) ("Siebert"), a diversified provider of financial services, today reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial and Operational Highlights* Total revenue increased 41% to $28.9 million, compared to $20.5 million in the first quarter of 2024, primarily driven by an unrealized gain of $9.2 million related to an equity investment. The unrealized gain was recorded with respect to shares in a U.S private company that Siebert purchased prior to the issuer’s initial public offering, which shares were revalued following the initial public offering. These shares are currently subject to resale restrictions, and due to market volatility, including a significant decrease in price subsequent to March 31, 2025, and uncertainty around registration timing, the investment's fair value may significantly impact future financial results. Operating income increased 106% to $10.5 million, compared to $5.1 million in the first quarter of 2024, primarily driven by the unrealized gain from the equity investment. Stock borrow / stock loan increased by 18% to $4.8 million, compared to $4.1 million in the first quarter of 2024. Net income available to common stockholders increased 135% to $8.7 million, compared to $3.7 million in the first quarter of 2024, primarily driven by the unrealized gain from the equity investment. Recent Business Highlights Appointed Stefano Marrone as Chief Marketing Officer to oversee marketing for all divisions and drive initiatives that bridge entertainment and financial literacy for our clients. Appointed industry veteran Fredrick Scuteri as Chief Operating Officer of Muriel Siebert & Co., LLC ("MSCO") to oversee day-to-day operations, trading infrastructure, and platform modernization. Management Commentary* "The first quarter of 2025 was marked by continued investment in talent and our emerging business lines," said Chairman and CEO John J. Gebbia. This quarter reflects disciplined execution of our broader strategic vision, and we’re encouraged by the early signs of value being created through our investments in talent and innovation-driven initiatives. We are also excited to welcome industry veterans, Stefano Marrone as CMO and Fredrick Scuteri as COO of MSCO, to the Siebert family as they bring a wealth of experience and add significant value to our strategic initiatives for 2025 and beyond." Andrew Reich, CFO of Siebert, added: "We continue to invest in our personnel and technology to be able to grow and scale our businesses while supporting new business lines. While our results for the quarter also benefited from a $9.2 million unrealized gain tied to a strategic equity investment, the value of this investment remains subject to market conditions and timing of liquidity. Overall, these results underscore our strong positioning to drive long-term value for clients and shareholders." *Refer to Siebert’s 2025 Q1 10Q, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations for further detail about the results of the quarter including the unrealized gain related to the equity investment. Notice to Investors This communication is provided for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere. About Siebert Financial Corp. Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms. Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions. Gebbia Media LLC provides entertainment and media productions including in-house marketing and advertising services for Siebert. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release, that are not historical facts, including statements about our beliefs and expectations, are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by or that include the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend" and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns, including those resulting from extraordinary events; changes and volatility in tariffs and trade policies; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2024, and Siebert’s filings with the SEC. Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur, that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether because of new information, future events or otherwise, except to the extent required by the federal securities laws. View source version on businesswire.com: https://www.businesswire.com/news/home/20250513721813/en/ Contacts Investor Relations: Matt Glover and Clay Liolios Gateway Group, Inc. 949-574-3860 [email protected]

Full-Year 2024 Revenue Up 17% to $83.9 Million; Earnings per Share Increased 57% to $0.33 MIAMI, March 31, 2025--(BUSINESS WIRE)--Siebert Financial Corp. (NASDAQ: SIEB) ("Siebert"), a diversified provider of financial services, today reported financial results for the year ended December 31, 2024. Full Year 2024 Financial and Operational Highlights Revenue increased 17% to $83.9 million, compared to $71.5 million in 2023. Commissions and fees increased 32% to $9.6 million, compared to $7.3 in 2023. Stock borrow/stock loan increased by 19% to $19.2 million, compared to $16.2 million in 2023. Net income per share increased 57% to $0.33 per share, compared to $0.21 per share in 2023. Retail customer net worth increased 13% to $18.0 billion, compared to $15.9 billion at the end of 2023. 2024 Business Highlights Launched Siebert Investment Banking, led by seasoned capital markets professionals Ajay Asija and Kimberly Boulmetis, to serve middle-market clients and expand into high-growth sectors, including FinTech and digital assets. Appointed Randy Billhardt as Head of the newly launched Capital Markets Group to strengthen institutional market presence and drive retail growth. Strengthened Siebert Stock Plan Services by appointing Daniel Coyle and Hunter Sattich to the leadership team, enhancing its capacity to deliver tailored equity compensation solutions to underserved businesses. Launched Siebert.Valor, a fintech initiative led by former Navy Seal Kaj Larsen focused on empowering military service members, veterans, law enforcement, and first responders with customized financial education and investment services. Acquired Gebbia Media, a music and entertainment company, marking a strategic entry into the media and entertainment sectors. Appointed Four Star General (Ret.) Laura J. Richardson, former Commander of U.S. Southern Command, to the Advisory Board, adding decades of strategic leadership and global experience alongside other Advisory Board members such as international recording artist Akon, NFL Pro Brandon Marshall, Wall Street executives Mick Solimene and Steven Geskos. Management Commentary "2024 was a pivotal year for Siebert, highlighted by strong financial performance and meaningful progress in expanding our capabilities," said Chairman and CEO John J. Gebbia. "We invested in talent and launched new business lines—including investment banking, capital markets, and media and entertainment—to enhance our long-term value proposition. Our focus remains on disciplined execution and innovation across both our legacy and newly launched offerings. With the right leadership in place and a clear strategic direction, we are well-positioned to build on this momentum in 2025 and beyond." Andrew Reich, CFO of Siebert, added: "We delivered strong results in 2024, with revenue growing 17% to $83.9 million, driven by an increase in commissions and fees, stock borrow/stock loan, and interest revenues. Operating income decreased slightly, driven by an increase in personnel costs in 2024 related to new business lines and key initiatives. Siebert remains in a strong financial position and in 2025 has been making strategic investments in personnel and new initiatives for future growth and expansion." Notice to Investors This communication is provided for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere. About Siebert Financial Corp. Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms. Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd, and Gebbia Media, LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions, in addition to entertainment and media production. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release, that are not historical facts, including statements about our beliefs and expectations, are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by or that include the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend" and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2024, and Siebert’s filings with the SEC. Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur, that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether because of new information, future events or otherwise, except to the extent required by the federal securities laws. View source version on businesswire.com: https://www.businesswire.com/news/home/20250328634364/en/ Contacts Investor Relations: Matt Glover and Clay Liolios Gateway Group, Inc. 949-574-3860 [email protected]