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CME Group(CME) - 2024 Q1 - Quarterly Results
2024-04-24 11:05
● CME Group CME Group Inc. Reports First-Quarter 2024 Financial Results "CME Group adjusted net income and earnings per share reached new records in Q1 as investors turned to our markets to manage through the ongoing economic and geopolitical uncertainty in today's marketplace," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "Average daily volume in our U.S. Treasury futures and options grew 12% year over year, reaching a new all-time high of 7.8 million contracts per day. Additionally, A ...
Here's What to Expect From CME Group (CME) in Q1 Earnings
Zacks Investment Research· 2024-04-19 17:36
CME Group Inc. (CME) is slated to report first-quarter 2024 earnings on Apr 24, before market open. CME's earnings beat estimates in each of the trailing four quarters.Factors to ConsiderA diverse product portfolio, increased volatility, as well as a strong market position are likely to have aided CME Group’s performance in the first quarter.Increases in market data and information services, clearing, transaction fees and other revenues are likely to have aided CME’s top line in the to-be-reported quarter. ...
CME Group (CME) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Zacks Investment Research· 2024-04-17 15:07
CME Group (CME) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 24, 2024, might help the stock move higher if these key numbers are better than expect ...
Institutions Think This Consumer Stock Could Break Higher
MarketBeat· 2024-04-08 13:40
Key PointsThe Fed's pivotal moment is creating a 'risk off' shift for Wall Street, now looking for the highest growth at the safest rate. PriceSmart has become one option for this strategy. It is considered a consumer staples name set to grow its EPS at above-industry-average rates. Goldman Sachs bought it in the past quarter, and price action suggests valuations could bring the stock to a much higher ceiling. 5 stocks we like better than TargetMarkets are preparing for the coming interest rate cycle propos ...
Here's Why You Should Hold CME Group (CME) Stock for Now
Zacks Investment Research· 2024-04-05 17:01
CME Group (CME) is well-poised to grow, banking on the strength of its global presence, a compelling product portfolio, a focus on over-the-counter clearing services and a solid capital position. These coupled with optimistic growth projections make the stock worth retaining in one’s portfolio.Shares of this largest futures exchange in the world in terms of trading volume as well as notional value traded have gained 0.7% year to date compared with the industry’s growth of 6.7%.This Zacks Rank #3 (Hold) comp ...
Why CME (CME) Could Beat Earnings Estimates Again
Zacks Investment Research· 2024-04-04 17:16
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? CME Group (CME) , which belongs to the Zacks Securities and Exchanges industry, could be a great candidate to consider.This parent company of the Chicago Board of Trade and other exchanges has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two ...
Low Interest Rates Can Help These Commercial Banks Rally Higher
MarketBeat· 2024-04-02 15:38
Key PointsLower interest rates typically help bank stocks, but not all stocks are equal in this sector.Commercial banks have an advantage over investment banks this cycle based on their balance sheets.Markets are willing to pay the price for two bank names, expecting higher prices.5 stocks we like better than iShares 20+ Year Treasury Bond ETFEvery cycle brings new opportunities; now that the Federal Reserve (the Fed) is looking to cut interest rates in 2024, the market could be getting ready to shift in a ...
Consumer Sentiment Highest Since 2021, 3 Stocks Leading the Way
MarketBeat· 2024-04-01 13:26
Key PointsThe U.S. consumer sentiment readings reached levels not seen since 2021, a trend that could foreshadow certainty in coming rate cuts. Three stocks stand out as potential portfolio picks to ride the wave in consumer discretionary spending. Analysts like them; prices could be ripe for a buying order spree.5 stocks we like better than Ermenegildo ZegnaThe United States economy just entered into a new cycle. Because markets shift according to their six to nine-month expectations, three stocks in the c ...
Here's Why You Should Stay Invested in CME Group (CME)
Zacks Investment Research· 2024-03-06 17:01
CME Group (CME) is well poised to grow, banking on the strength of its global presence, a compelling product portfolio, a focus on over-the-counter clearing services and a solid capital position. These coupled with optimistic growth projections and upward estimate revisions make the stock worth retaining in one’s portfolio.Shares of this Zacks Rank #3 (Hold) company have gained 4.4% year to date, outperforming the industry’s increase of 4%.This largest futures exchange in the world in terms of trading volum ...
3 Stocks to Watch on Oil's New Bull Cycle
MarketBeat· 2024-03-04 11:13
Key PointsOil is set to go on a new cycle comeback as Wall Street is now broadcasting its views for potentially $100 a barrel.Driven by Federal Reserve interest rate cuts this year, Goldman expects a new breakout across oil-dependent industries.Three stocks stand out to bring you enhanced return potential outside of the rise in oil prices.5 stocks we like better than The Goldman Sachs GroupOil has seen little to no attention in the past 12 to 24 months. Most of the market's focus has gone into technology st ...