Story perspectives

BGC Group Shares Surge 7.5% Amid Lutnick's Divestment

5/20/2025

23 4

Summary

Story summary

BGC Group shares increased by 7.5% to $9.90 following Howard Lutnick's divestment to comply with ethics regulations.
Lutnick repurchased over 16.4 million Class A shares for $151.5 million, while Newmark bought back 11 million shares for $127 million.
Lutnick transferred his Cantor Fitzgerald interest to trusts for his children, ensuring leadership continuity.
Newmark intends to continue stock buybacks, viewing shares as undervalued despite market caution.

1 of 1

Story summary

BGC Group shares increased by 7.5% to $9.90 following Howard Lutnick's divestment to comply with ethics regulations.
Lutnick repurchased over 16.4 million Class A shares for $151.5 million, while Newmark bought back 11 million shares for $127 million.
Lutnick transferred his Cantor Fitzgerald interest to trusts for his children, ensuring leadership continuity.
Newmark intends to continue stock buybacks, viewing shares as undervalued despite market caution.