tiprankstipranks

CME Group reports Q2 adjusted EPS $2.56, consensus $2.53

Reports Q2 revenue $1.5B, consensus $1.53B. “As escalating uncertainties drove an increased need for risk management across all asset classes, CME Group achieved record Q2 volume and generated record revenue, adjusted net income and adjusted earnings per share,” said CME Group Chairman and CEO Terry Duffy. “During the quarter, and for the first time in more than a decade, our volume and open interest grew in every asset class, with overall ADV up 16% in commodities and 13% in financial markets. We also reached significant records in many of our U.S. Treasury products where ADV increased 36% to 8.2 million contracts. As we move through the remainder of 2024, we will continue to focus on delivering capital efficiencies, bringing new products to market and creating additional value for our clients through our partnership with Google Cloud.” Second-quarter 2024 average daily volume was 25.9M contracts, including non-U.S. ADV, which reached a record 7.8M contracts.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue