A month has gone by since the last earnings report for CME Group (CME) . Shares have added about 5.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is CME due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. CME Group Q2 Earnings Top on Record Trading Volume CME Group re ...

Over the past couple of weeks, global markets have experienced significant price volatility due to fears of recession. Things got serious when the nonfarm payroll data for July was released, achieving a significantly lower figure than the one expected. At the same time, the unemployment rate turned out hotter than expected, triggering the Sahm Rule, which is an early indicator of a possible recession. With all of that, the expectations for a 50 basis point rate cut in September soared, making the Japanese y ...

The cryptocurrency market suffered a severe blow in the first week of August. Bitcoin (BTC), the largest cryptocurrency globally, hit an all-time high of $73,750 on Mar 14. However, the broader market bloodbath last week also saw cryptocurrencies suffering. Consequently, Bitcoin fell to below $55,000. This year, Bitcoin gathered momentum after the Securities and Exchange Commission approved 11 spot Bitcoin exchange-traded funds (ETFs) in January. The ETFs represent a landmark in Bitcoin's journey, offering ...

Over $3.5 million awarded through CME Group Foundation's Scholarship program to date CHICAGO, Aug. 14, 2024 /PRNewswire/ -- CME Group Foundation today announced that 18 historically underrepresented students majoring in finance, technology and related fields have each been awarded up to $20,000, which is renewable for three years. Since its launch in 2019, this program has awarded over $3.5 million in scholarships to nearly 100 students at 11 partner colleges and universities in the U.S. "Through our Founda ...

CHICAGO, Aug. 8, 2024 /PRNewswire/ -- CME Group Inc., the world's leading derivatives marketplace, today declared a third-quarter dividend of $1.15 per share. The dividend is payable September 25, 2024, to shareholders of record as of September 9, 2024. As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capt ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 - OR - ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file nu ...

OI Highs Indicate Growing Interest in Lithium Market as Participants Seek to Manage Risk Over the Long Term Lithium Hydroxide H1 Volumes Already Surpass Total 2023 CHICAGO, Aug. 1, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its Lithium Hydroxide futures and Lithium Carbonate futures contracts reached record open interest on Wednesday, July 31, 2024. Lithium Hydroxide futures open interest rose to 26,802 contracts, exceeding the previous record of 26,627 ...

CME Group (CME) reported second-quarter 2024 adjusted earnings per share of $2.56, which beat the Zacks Consensus Estimate by 2%. The bottom line increased 11.3% year over year. Quarterly results benefited from a record in trading volumes. Average daily volume increased in its six asset classes with average daily volume (ADV) up 16% in commodities and 13% in financial markets. Shares gained 1.2% in the pre-market trading session to reflect the outperformance. CME Group Inc. Price, Consensus and EPS Surprise ...

Financial Data and Key Metrics Changes - The company reported record quarterly revenue of over $1.5 billion, up 13% from the same quarter last year [90] - Average daily volume (ADV) increased 14% year-over-year to 25.9 million contracts, marking the highest Q2 ADV in history [66][87] - Adjusted net income reached $932 million, with earnings per share at $2.56, both up 11% from the previous year [91] Business Line Data and Key Metrics Changes - The physical commodities portfolio generated record revenue year-to-date in 2024, up 16% year-over-year to over $836 million, representing 34% of clearing and transaction fees [32] - Energy volumes increased by 16% to 2.4 million contracts, with WTI futures volume up 42% from European customers [102] - The metals segment saw a significant increase, with options volume up 54% and overall metals volume up 42% [145] Market Data and Key Metrics Changes - Non-US ADV grew 23% year-over-year to 7.8 million contracts, contributing to the overall ADV growth [66] - The company experienced a 20% increase in foreign exchange ADV compared to Q2 last year [87] - The company reported a 52% increase in trading days above 25 million contracts in the first half of the year [71] Company Strategy and Development Direction - The company is focused on enhancing customer efficiencies and risk management tools, including a partnership with Google Cloud to leverage AI capabilities [68][114] - The strategy includes a bottoms-up approach to pricing, emphasizing value-add rather than arbitrary price increases [9][10] - The company is preparing for market migration and has committed to providing at least 18 months' notice before any changes [13] Management's Comments on Operating Environment and Future Outlook - Management highlighted the growing need for risk management products amid geopolitical uncertainties, including the US political landscape and ongoing global conflicts [20][119] - The company remains optimistic about future growth, citing strong demand across all asset classes and a robust pipeline of new clients [66][145] - Management acknowledged the pressure on stock performance despite record results, indicating ongoing reviews of capital allocation strategies [159] Other Important Information - The company has returned over $25 billion to shareholders through dividends since implementing its variable dividend policy in 2012 [71] - Capital expenditures for the second quarter were approximately $17 million, with cash reserves at around $2 billion [71] - The company is in the process of migrating its core business to the cloud, having received approval from the CFTC for cloud-based clearing [137] Q&A Session Summary Question: Can you elaborate on the $20 billion daily margin savings? - Management confirmed that the savings have reached a record high of nearly $1 billion, with ongoing efforts to provide efficiencies to indirect participants [21][23] Question: How are pricing increases tracking this year? - Management indicated that they are on track with their guidance of 1.5% to 2% for clearing and transaction fees and 3% to 5% for market data revenues [98][122] Question: What impact do you foresee from the upcoming elections? - Management noted that regardless of the election outcome, market volatility will remain a significant factor, necessitating effective risk management [118][119] Question: How is the company addressing competition? - Management emphasized their strong position in the market, highlighting the $20 billion in daily margin savings as a competitive advantage [130][131] Question: Can you provide insights on the natural gas market? - Management reported significant growth in natural gas volumes, with a 29% increase in futures and a 54% increase in options, driven by global demand [145]

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 ...