Interest rate volatility has cooled from very high levels leading up to the 2024 US general election. Still, a 95% reading on the ICE BofA MOVE Index is elevated versus history. What's more, intermediate-term Treasury yields are still above 4.5%. That's a tough combo forFreelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-effi ...

Intercontinental Exchange, Inc. (ICE) has acquired American Financial Exchange ("AFX") from 7RIDGE. The addition of AFX to its portfolio will help the acquirer serve customers through the mortgage technology network with new and innovative product offerings. AFX is an electronic exchange for direct lending and borrowing for American banks and financial institutions. It serves regional, midsize, community and minority-owned banks. Christopher Edmonds, president of ICE Fixed Income and Data Services, consider ...

Price Performance and Market Position - ICE's share price was $146 58 as of Jan 6 2025 down 12 7% from its 52-week high of $167 99 [1] - The company has a market capitalization of $84 2 billion making it the second-largest global fixed-income provider [2] - ICE shares have lost 8 7% in the past three months underperforming its industry's increase of 0 4% the sector's rise of 3 6% and the Zacks S&P 500 composite's gain of 5 1% [5] Growth Projections and Analyst Targets - The Zacks Consensus Estimate for 2025 earnings is $6 75 indicating a year-over-year improvement of 11 1% on 6 1% higher revenues of about $10 billion [9] - The expected long-term earnings growth rate is 10% better than the industry average of 8 5% [9] - The average price target from 16 analysts is $184 94 per share suggesting a potential 23 42% upside from the current price [8] Business Strengths and Opportunities - ICE's top line is expected to improve due to strength in global data services and index business growth in pricing and reference data business and solid desktop feeds and derivatives analytics [10] - The company has the largest mortgage network in the US positioning it well to benefit from accelerated digitization in the residential mortgage industry [11] - ICE has achieved expense synergies from strategic acquisitions which have strengthened its portfolio and expanded its presence [10] Financial Metrics and Valuation - ICE's return on invested capital (ROIC) in the trailing 12 months was 6 2% higher than the industry average of 5% [13] - The trailing 12-month return on equity (ROE) was 12 8% which is lower than the industry average of 13 3% [13] - ICE shares are trading at a forward price-to-earnings ratio of 21 67X lower than the industry average of 22 4X [14] Challenges and Risks - Operating expenses have been increasing over the last several years weighing on margin expansion [12] - Despite a decline in debt balance ICE's leverage and times interest earned compare unfavorably with the industry average [12] Long-Term Outlook - ICE is poised for growth due to its compelling portfolio expansive risk-management services strategic buyouts solid balance sheet and effective capital deployment [15] - The company has more than doubled its dividends in the last six years [15]

NEW YORK, Dec. 20, 2024 /PRNewswire/ -- The New York Stock Exchange (NYSE) is proud to offer a new daily pre-market update and additional content directly from the iconic NYSE Trading Floor. Access today's NYSE Pre-market update as well as a Weekly Recap for market insights and other content before trading begins.DAILY NYSE PRE-MARKET UPDATEKristen Scholer, Senior Markets Anchor, NYSE, delivers a daily pre-market update that includes key insights into the trading day ahead leading up to the NYSE's Opening B ...

Intercontinental Exchange Inc. (ICE) shares have gained 21.7% year to date, outperforming the industry’s increase of 16.3%. It however underperformed the sector’s rise of 23.8% and the Zacks S&P 500 composite’s gain of 27.1% in the same time frame.The company has a market capitalization of $89.7 billion. The average volume of shares traded in the last three months was 2.9 million.A compelling portfolio, expansive risk-management services, strategic buyouts, solid balance sheet and effective capital deployme ...

The original beaded ice cream brand and category leader will debut new, layered sundae treats at Kroger and additional grocery retailers in 2025 MOUNT LAUREL, N.J., Nov. 13, 2024 /PRNewswire/ -- Dippin' Dots, the original beaded ice cream and category leader, today announced the upcoming launch of its new Dippin' Dots Ice Cream Sundaes, marking the brand's first expansion into the grocery freezer space. For the first time, Dippin' Dots fans will be able to enjoy the beloved beaded ice cream brand in a new f ...

I am a former sell-side / buy-side equities analyst that has left the world of day to day trading but remains closely engaged with market and individual stock developments. I focus primarily on exchanges and brokers with a long / short fundamental approach to my analysis. My goal for these posts is to try and shed unique light on investment theses around the stocks I focus on. Any investing I do is purely for my own personal account.Analyst’s Disclosure: I/we have no stock, option or similar derivative posi ...

Intercontinental Exchange, Inc. (NYSE:ICE) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Katia Gonzalez - Manager of Investor Relations Jeffrey Sprecher - Chair & Chief Executive Officer, Intercontinental Exchange Warren Gardiner - Chief Financial Officer, Intercontinental Exchange Stuart Williams - Chief Operating Officer Christopher Edmonds - President of Fixed Income and Data Services, Intercontinental Exchange Conference Call Participants Alex Kramm - UBS Craig Siegen ...

Intercontinental Exchange (ICE) reported third-quarter 2024 adjusted earnings per share of $1.55, in line with the Zacks Consensus Estimate. The bottom line increased 6.2% on a year-over-year basis.Intercontinental delivered solid results in all three segments. The performance reflected the strength of a balanced and diversified business as well as the results of the strategic investments it has made.Performance in DetailIntercontinental’s net revenues were a record $2.3 billion, up 17% year over year. The ...

IntercontinentalExchange (ICE) reported $2.35 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 17.3%. EPS of $1.55 for the same period compares to $1.46 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.35 billion, representing a surprise of -0.13%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.55.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...