For the quarter ended December 2023, CME Group (CME) reported revenue of $1.44 billion, up 19.2% over the same period last year. EPS came in at $2.37, compared to $1.92 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.43 billion, representing a surprise of +0.93%. The company delivered an EPS surprise of +4.41%, with the consensus EPS estimate being $2.27.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

CME Group Inc. (CME) reported fourth-quarter 2023 record adjusted earnings per share of $2.37, which beat the Zacks Consensus Estimate by 4.4%. The bottom line increased 23.4% year over year.Quarterly results benefited from an increase in trading volumes. Average daily volume increased in five of its six asset classes.Performance in DetailCME Group’s revenues of $1.4 billion increased 19.2% year over year. The year-over-year increase was primarily due to higher clearing and transaction fees (up 20.7% year o ...

Aslan Alphan Introduction This may be the shortest introduction of my articles this year (so far). In this article, I'll explain why the market is doing so well, why I'm getting very cautious, and how to bet on super-safe stocks while still getting good income and a shot at outperforming the market. So, let's get to it! "Everyone" Is Bullish Whenever the market keeps making new all-time highs, I'm getting more cautious. Not necessarily because I'm bearish or not invested, but because these are the times whe ...

Wall Street analysts forecast that CME Group (CME) will report quarterly earnings of $2.27 per share in its upcoming release, pointing to a year-over-year increase of 18.2%. It is anticipated that revenues will amount to $1.43 billion, exhibiting an increase of 18.1% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial e ...

The cryptocurrency market started 2024 on a positive note after an impressive rally last year. The much-hyped reformation in the cryptocurrency space took place on Jan 10. The U.S. Securities and Exchange Commission (SEC) approved rule changes to allow the creation of spot bitcoin exchange-traded funds (ETFs).As many as 11 spot bitcoin ETFs were launched last month. Following the news, the price of bitcoin (BTC) jumped above the technical barrier of 47,000 to reach 47,893.70. However, Bitcoin’s price has fa ...

Wall Street expects a year-over-year increase in earnings on higher revenues when CME Group (CME) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 14. ...

The cryptocurrency market started 2024 on a positive note after an impressive rally last year. The much-hyped reformation in the cryptocurrency space took place on Jan 10. The U.S. Securities and Exchange Commission (SEC) approved rule changes to allow the creation of spot bitcoin exchange-traded funds (ETFs).As many as,11 spot bitcoin ETFs are likely to be launched this year. Following the news, the price of bitcoin (BTC) jumped above the technical barrier of 47,000 to reach 47.893.70. However, Bitcoin’s p ...

The cryptocurrency market started 2024 on a positive note after an impressive rally last year. The much-hyped reformation in the cryptocurrency space took place on Jan 10. The U.S. Securities and Exchange Commission (SEC) approved rule changes to allow the creation of spot bitcoin exchange-traded funds (ETFs). As many as,11 spot bitcoin ETF’s are expected to be launched this year.The game-changing decision of the SEC will allow individuals, money managers and other financial institutions to get exposure to ...

CME Group’s (CME) global presence, compelling product portfolio, focus on over-the-counter clearing services and a strong capital position poise it well for growth. This largest futures exchange in the world in terms of trading volume as well as notional value traded has a solid history of delivering earnings surprises in the last 12 reported quarters. Its earnings grew 8.2% in the last five years.This Zacks Rank #2 (Buy) stock has gained 8.3% in the past six months, outperforming the Finance sector’s incre ...

Hidden Road, the global credit network for institutions, has launched listed derivatives clearing, starting with CME Group products NEW YORK, Jan. 17, 2024 /PRNewswire/ -- Hidden Road, the global credit network for institutions, today announced that it has extended its credit intermediation, clearing and financing offerings to cover listed derivatives markets through the firm's U.S. entity, Hidden Road Partners CIV US LLC, a registered futures commission merchant (FCM). The listed derivatives business is st ...