Workflow
StoneX(SNEX) - 2023 Q4 - Earnings Call Transcript

The rise in short-term interest rates drove $171.8 million increase in interest expense versus the prior year. Interest expense related to fixed income trading and securities lending activities increased $138.7 million and $5.1 million, respectively, as compared to the prior year, while interest paid to clients increased $23.9 million. Closing out the segment discussion on the next slide, operating revenues in Global Payments increased $9.9 million versus the prior year, driven by a 26% increase in the rate ...