A Wall Street Icon Bids Farewell to the Trading Floor

After more then three decades as a fixture on the floor of the New York Stock Exchange, Bob Pisani, CNBC’s senior markets correspondent, is stepping away from his daily reporting duties. His final broadcast from the iconic trading post is scheduled for May 9, marking the end of an era for the veteran financial journalist.

Pisani’s departure comes as CNBC prepares for a notable corporate shift, spinning off from parent company Comcast later this year. The newly created entity will be named Versant, encompassing a wide range of Comcast’s media assets.

A New Chapter: Contributing to CNBC Pro

while Pisani will no longer be a daily presence on the trading floor, he will continue to contribute to CNBC in a new role. Bob will return later this year in a contributor role for CNBC Pro, the network confirmed, ensuring that his expertise will still be available to professional investors.

Remembering a Storied Career

Pisani’s career at CNBC has been marked by his in-depth reporting, calm demeanor, and sharp wit. He has earned a reputation as a reliable interpreter of market movements and investor sentiment, navigating both booms and crises wiht aplomb.

bob has been more than just a colleague over the last three decades – he’s been a constant presence, a trusted voice and a defining figure in our coverage.
Dan Colarusso, CNBC’s senior vice president of Business News

Colarusso further emphasized Pisani’s impact, stating, He has been a mainstay on CNBC and a true Wall Street institution, bringing passion, sharp analysis and a deep understanding of the markets that have earned him the respect of his peers and viewers alike.

Pisani’s contributions extend beyond his on-air reporting. in 2022, he authored the book “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange,” chronicling his experiences and offering insights into the world of finance.

The Future of CNBC and Versant

The upcoming spin-off of CNBC into Versant represents a significant restructuring for Comcast’s media assets. Versant will encompass a wide range of cable networks, including CNBC, MSNBC, USA, Syfy, E!, Oxygen, and the Golf Channel, and also digital properties like Fandango and Rotten Tomatoes.

While Versant will operate independently from NBCUniversal, the two entities are expected to maintain a loose connection during a transition period. The Roberts family, the founding and controlling family behind Comcast, will retain control of both companies.

Pisani’s departure from his daily reporting duties marks a transition for both him and CNBC, as the network prepares for its new chapter as Versant.His legacy as a trusted voice in financial journalism will undoubtedly continue through his contributions to CNBC Pro.

FAQ: Bob Pisani’s Departure and CNBC’s Future

• Q: Is Bob Pisani leaving CNBC entirely?
• A: no, he will be contributing to CNBC Pro.
• Q: When is Bob Pisani’s last day on the NYSE floor?
• A: May 9.
• Q: What is Versant?
• A: The new company created from the spin-off of CNBC and other Comcast media assets.
• Q: Will CNBC still be connected to NBCUniversal?
• A: Yes, loosely, during a transition period.

A Final Farewell to a Trading Floor Legend

As one of the last remaining TV journalists to regularly report from the floor of the NYSE, Pisani has been a fixture in the financial world. His departure marks the end of an era, but his contributions to CNBC and financial journalism will not be forgotten.