NYSE-owner ICE reports higher second-quarter earnings By Reuters

Share With Your Friends
Facebook
Twitter
Pinterest
LinkedIn


© Reuters. A nearly empty trading floor is seen as preparations are made for the return to trading at the NYSE in New York

SEMrush

NEW YORK (Reuters) – Intercontinental Exchange Inc (N:), owner of the New York Stock Exchange, on Thursday reported a rise in second-quarter profits, helped by a jump in equities and options volumes as volatility remained high due to the coronavirus pandemic.

Net income attributable to the company rose to $523 million, or 95 cents per diluted share, in the quarter ended June 30, from $472 million, or 84 cents per diluted share, a year earlier.

Excluding one-time items, such as M&A costs, ICE posted a profit of $1.07 per share, 3 cents above the mean estimate of analysts, according to IBES data from Refinitiv.

ICE, which runs futures and equities exchanges, as well as clearing houses and data services, was helped by a 61% increase in cash equities average daily volume (ADV) and a 44% increase in equity options ADV during the quarter as retail investors helped boost participation in those markets.

Revenue from ICE’s transaction and clearing unit, its biggest business, rose 12% to $710 million, while revenue at its data and listings segment, which publishes indexes, analytics and pricing data, grew 3% to $685 million.

Overall revenue, excluding transaction-based expenses, rose 8% to $1.4 billion.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Share With Your Friends
Facebook
Twitter
Pinterest
LinkedIn