StoneX: The Beneficiary of Volatility is Filling the Gap of Large Banks

Record numbers through synergies: The successful integration of R.J. O’Brien propels StoneX into a new league and results in a profit jump of 63% in the first quarter of 2026. Structural winner of volatility: As a liquidity provider, the company massively benefits from geopolitical uncertainties and strategically fills the market gaps left by traditional large banks. StoneX (SNEX) is currently in a phase where macroeconomic drivers and an aggressive inorganic expansion strategy amplify each other. The company has successfully transformed...