By Todd Gillespie
November 14, 2025
One unusual item might appear on Cantor Fitzgerald LP’s year-end expense receipts.
“I just left the floor and told someone that I’m happy to buy them a cot because they need to come in on Sunday and not leave until Friday,” joked Sage Kelly, 53, co-chief executive officer at Cantor’s investment bank, as he sat down for an interview at its New York office.
Climbing Wall Street’s league tables, jumping out in front of the cryptocurrency boom and returning to SPAC-fueled dealmaking, the private New York financial boutique is having its busiest — and most successful — year on record.
Cantor is now controlled by Brandon and Kyle Lutnick, the sons of Howard Lutnick, who joined President Donald Trump’s administration as Commerce secretary earlier this year. The firm is on track to post revenue in 2025 of upwards of $2.5 billion, an all-time high and a jump of more than a quarter on last year, according to people familiar with the matter.