MarketAxess (MKTX) shares rallied 6.7% in the last trading session to close at $258.02. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.5% gain over the past four weeks. This marks the second consecutive day of MarketAxess' price increases. Increased optimism over growing trading volume is driving the company's stock price higher. Yesterday, it reported robust trading volume growth for August, with strong c ...

It has been about a month since the last earnings report for MarketAxess (MKTX) . Shares have added about 5.5% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is MarketAxess 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. MarketAxess Q2 Earnings Beat on Higher Commi ...

MarketAxess Holdings Inc. (MKTX) is benefiting from increased trading volumes, a robust Open Trading platform, acquisitions and partnerships, as well as solid cash-generating abilities. Zacks Rank & Price Performance MarketAxess carries a Zacks Rank #3 (Hold) at present. The stock has gained 8.1% in the past six months, in line with the industry. Image Source: Zacks Investment Research Robust Growth Prospects The Zacks Consensus Estimate for MarketAxess' 2024 earnings is pegged at $7.06 per share, which ind ...

meshaphoto MarketAxess: Global Credit Trading Platform, But Valuation Appears Fair Given Recent Market Share Trends MarketAxess (NASDAQ:MKTX) operates a global credit trading platform and also offers rates trading, data and post-trade solutions to its clients. MKTX has benefited from the electronification of global credit markets. However, in recent years, its market share growth has come under pressure. The company continues to be at the center of this cyclical shift in the markets but given the recent sha ...

MarketAxess Holdings Inc. (MKTX) reported second-quarter 2024 earnings per share of $1.72, which surpassed the Zacks Consensus Estimate by 1.8%. The bottom line grew 5.5% year over year. Total revenues of $197.7 million rose 10% year over year. The top line fell short of the consensus mark of $198 million. The better-than-expected quarterly results were driven by a solid improvement in U.S. high-grade commission revenues. Geographic expansion and product diversification drove the average daily volume (ADV) ...

MarketAxess (MKTX) reported $197.66 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.9%. EPS of $1.72 for the same period compares to $1.63 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $198.26 million, representing a surprise of -0.30%. The company delivered an EPS surprise of +1.78%, with the consensus EPS estimate being $1.69. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

MarketAxess (MKTX) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.78%. A quarter ago, it was expected that this operator of bond trading platforms would post earnings of $1.85 per share when it actually produced earnings of $1.92, delivering a surprise of 3.78%. Over the last four ...

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. The consensus EPS estimate for the quarter has been revised 2.4% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Thus, a positive ...

MarketAxess Holdings Inc. (MKTX) recently announced the execution of the first portfolio trade for taxexempt municipal bonds, which took place earlier this month between a large asset manager and a bank. The new portfolio trading for tax-exempt municipal bonds is expected to bring certainty of execution and unparalleled efficiency for traders dealing with municipal bonds. With this new tool, clients can send lists to a single dealer or multiple parties, negotiate price movements and execute trades discreetl ...

What's the first image that comes to mind when prompted with the word "market"? It might be your online brokerage website, the stock pages of a newspaper's business section, the hectic trading floor of the New York Stock Exchange, or the even more hectic souks of Marrakesh (stay away from the aggressive watch salesmen!). For anyone with more than a few years of experience in the financial markets, you'll have observed much modernization in the way markets function. I'm old enough to remember buying my first ...