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CME Group(CME) - 2024 Q2 - Earnings Call Transcript
2024-07-24 15:58
CME Group Inc. (NASDAQ:CME) Q2 2024 Earnings Conference Call July 24, 2024 8:30 PM ET Company Participants Adam Minick - Head of IR Terrence Duffy - Chairman, CEO Lynne Fitzpatrick - CFO Sunil Cutinho - Chief Information Officer Derek Sammann - Senior Managing Director, Global Head of Commodities Kendal Vroman - Chief Transformation Officer Tim McCourt - Senior Managing Director, Global Head of Financial Julie Winkler - CCO Conference Call Participants Patrick Moley - Piper Sandler Benjamin Budish - Barclay ...
Here's What Key Metrics Tell Us About CME (CME) Q2 Earnings
ZACKS· 2024-07-24 14:35
For the quarter ended June 2024, CME Group (CME) reported revenue of $1.53 billion, up 12.7% over the same period last year. EPS came in at $2.56, compared to $2.30 in the year-ago quarter. Here is how CME performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average daily volume (including NYMEX and COMEX): 22,855 thousand compared to the 25,907.74 thousand average estimate based on five analysts. Average rate per contract - Interest rat ...
CME Group (CME) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-24 13:11
CME Group (CME) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.30 per share a year ago. These figures are adjusted for nonrecurring items. CME, which belongs to the Zacks Securities and Exchanges industry, posted revenues of $1.53 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.99%. This compares to year-ago revenues of $1.36 billion. The company has topped consensus revenue e ...
CME Group(CME) - 2024 Q2 - Quarterly Results
2024-07-24 11:10
Exhibit 99.1 Media contact Investor contact Timothy Barello, 212.299.2256 Adam Minick, 312.340.8365 Laurie Bischel, 312.648.8698 investors@cmegroup.com news@cmegroup.com CME-G cmegroup.mediaroom.com FOR IMMEDIATE RELEASE • Record quarterly adjusted net income and earnings per share • Highest Q2 average daily volume (ADV) in company history (26 million contracts) • Year-over-year growth across every asset class CHICAGO, July 24, 2024 - CME Group Inc. (NASDAQ: CME) today reported financial results for the sec ...
CME Group Inc. Reports All-Time Record Revenue of $1.5 Billion for Q2 2024
Prnewswire· 2024-07-24 11:00
CME Group will hold a Q&A conference call to discuss second-quarter 2024 results at 8:30 a.m. Eastern Time today. A live audio webcast of the Q&A call will be available on the Investor Relations section of CME Group's website at investor.cmegroup.com under Events & Presentations. An archived recording will be available for up to two months after the call. | --- | --- | --- | --- | --- | --- | |--------------------------|---------|---------|---------|---------|---------| | Product Line | 2Q 2023 | 3Q 2023 | ...
Is a Beat in the Cards for CME Group (CME) in Q2 Earnings?
ZACKS· 2024-07-19 13:51
Factors to Consider 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. The Zacks Consensus Estimate for revenues is pegged at $1.53 billion, indicating a rise of 12.2% from the year-ago reported figure. Market data and information services revenues are likely to have gained from price increases for certain products, a rise in device counts, higher custody fees as well as improvements in co-lo ...
CME Group and CF Benchmarks to Launch Two New Cryptocurrency Reference Rates and Real-Time Indices on July 29
Prnewswire· 2024-07-11 13:00
CHICAGO and LONDON, July 11, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, and CF Benchmarks, the leading provider of cryptocurrency benchmark indices, today announced plans to launch two new cryptocurrency reference rates and real-time indices for Ripple XRP (XRP) and Internet Computer (ICP), which will be calculated and published daily by CF Benchmarks, beginning July 29. These reference rates and indices are not tradable futures products. "These new benchmarks are designed ...
CME Group Appoints Mike Dennis as Global Head of Fixed Income
Prnewswire· 2024-07-08 14:02
CHICAGO, July 8, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the appointment of Mike Dennis as Global Head, Fixed Income. In this position, Dennis will oversee the company's largest, most actively traded global benchmark futures and options contracts on SOFR and U.S. Treasuries, including the 30-year bond, 10-, 5- and 2-year notes that enable investors to manage risk across the entire U.S. yield curve. He will also lead BrokerTec, the world's most liquid elec ...
CME Group Reports Record June and Q2 2024 Volumes, Reaching New Highs Across Multiple Asset Classes
Prnewswire· 2024-07-02 11:30
Record June ADV of 25.3 million contracts, up 8% year-over-year Record Q2 ADV of 26 million contracts, with growth in all asset classes Record June and Q2 ADV in U.S. Treasury futures and options All-time monthly and quarterly records for Agricultural products Record Q2 international ADV of 7.8 million contracts CHICAGO, July 2, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its June and Q2 2024 market statistics, showing average daily volume (ADV) reached a reco ...
CME Group Launches €STRWatch to Help Clients Manage Risk Around ECB Policy Decisions
Prnewswire· 2024-07-01 13:00
CHICAGO, July 1, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, has today launched €STRWatch, which enables clients to understand the potential impact of ECB rate decisions on futures settlement prices and builds on the success of CME Group's FedWatch, SOFRWatch and TreasuryWatch tools. Using €STRWatch, clients will be able to analyze their expectations of the impact of ECB policy decisions in upcoming meetings, providing a view of where CME Group €STR futures prices could sett ...