StoneX plans acquisition of Intercam’s advisory and securities units

NEW YORK - StoneX Group Inc. (NASDAQ:SNEX), currently valued at $4.47 billion and showing strong momentum with an 82% return over the past year, announced Monday it has entered into a letter of intent to acquire Intercam Advisors, Inc. and Intercam Securities, Inc. from Intercam Holdings, Inc., according to a company press release. InvestingPro analysis indicates the stock is currently fairly valued based on its proprietary Fair Value model.

The proposed transaction remains subject to negotiation and execution of definitive agreements, regulatory approvals and other closing conditions. The financial terms of the potential deal were not disclosed.

Jay Carter, CEO of StoneX Wealth Management, stated the acquisition aligns with StoneX’s strategy of expanding its global wealth management footprint, particularly in Latin America, and providing clients with broader access to markets and investment products.

The companies are working toward finalizing terms and entering into a definitive agreement in the near future.

StoneX Group Inc. operates a global financial services network connecting companies, organizations, traders and investors to markets through digital platforms, clearing and execution services. The New York-based Fortune 100 company employs more than 4,400 people serving over 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts from more than 70 offices across six continents.

In other recent news, StoneX Group Inc. reported its fiscal second-quarter earnings for 2025, revealing an earnings per share (EPS) of $1.41, which exceeded analysts’ expectations of $1.34. Despite this positive EPS result, the company’s revenue fell short, coming in at $487.3 million compared to the anticipated $903.45 million. StoneX’s Commercial and Institutional segments were key contributors to the earnings beat, outperforming estimates by $38 million and $43 million, respectively. In a strategic move, StoneX announced the pricing of $625 million in senior secured notes to fund its acquisition of R.J. O’Brien, with proceeds held in escrow until the merger’s completion. Additionally, StoneX’s subsidiary plans to acquire French brokerage Plantureux et Associés, pending regulatory approval, to strengthen its presence in the European grain market. Jefferies analysts have raised StoneX’s price target to $102 from $83, maintaining a Buy rating on the stock following the company’s strong financial performance. StoneX’s strategic acquisitions, including R.J. O’Brien and Benchmark Company, are expected to bolster future growth and enhance the company’s market position.

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