CME Stock Recent News

CHICAGO , Oct. 29, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it has received approval from the National Futures Association (NFA) to establish a futures commission merchant (FCM). "We are pleased that the NFA has approved our FCM application," said Terry Duffy, Chairman and Chief Executive Officer, CME Group.

CHICAGO , Oct. 29, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced its new Spodumene CIF China (Fastmarkets) futures have launched and are available for trading. A total of 29 contracts traded on the first day, with participation from a number of firms including JA Commodities (Zhejiang) Ltd, Mitsubishi Corporation RTM International Pte Ltd, Wogen Resources Limited and Wooray Commodities Pte Ltd.

CME Group is a top dividend stock with a 61% net margin, recession resilience, and a diverse portfolio of liquid futures markets. Despite new competition, CME's unique products and tight bid-ask spreads ensure a durable competitive edge and strong financial performance. Trading at a blended P/E of 22.5x, CME is undervalued by nearly 30%, offering significant upside potential for long-term growth.

CME's third-quarter results reflect record trading volumes. Average daily volume increased in its six asset classes, with average daily volume up 20% in commodities and 28% in financial markets.

CME Group Inc. (NASDAQ:CME ) Q3 2024 Earnings Conference Call October 23, 2024 8:00 AM ET Company Participants Adam Minick - Head of IR Terrence Duffy - Chairman, CEO Lynne Fitzpatrick - CFO Suzanne Sprague - Senior Managing Director, Global Head of Clearing Julie Winkler - CCO Mike Dennis - Global Head of Fixed Income Tim McCourt - Senior Managing Director, Global Head of Financial Derek Sammann - Senior Managing Director, Global Head of Commodities Conference Call Participants Dan Fannon - Jefferies Chris Allen - Citi Ben Budish - Barclays Ken Worthington - JP Morgan Patrick Moley - Piper Sandler Alex Kramm - UBS Kyle Voigt - KBW Brian Bedell - Deutsche Bank Craig Siegenthaler - Bank of America Owen Lau - Oppenheimer Michael Cyprys - Morgan Stanley Bill Katz - TD Cowen Operator Welcome to the CME Group Third Quarter 2024 Earnings Call. At this time, I would like to inform all participants that your lines have been placed on a listen-only mode until the question-and-answer session of

Although the revenue and EPS for CME (CME) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

CME Group (CME) came out with quarterly earnings of $2.68 per share, beating the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $2.25 per share a year ago.

Record revenue of $1.6 billion Record quarterly ADV of 28.3 million contracts - the second consecutive  quarter of volume, open interest growth across every asset class CHICAGO , Oct. 23, 2024 /PRNewswire/ -- CME Group Inc. (NASDAQ: CME) today reported financial results for the third quarter of 2024. The company reported revenue of $1.6 billion and operating income of $1.0 billion for the third quarter of 2024.

A diverse product portfolio, increased volatility and a strong market position are likely to have aided CME's performance in the third quarter.

Bitcoin-centric stocks like NVDA, CME, IBKR and ACN are poised to gain from the ongoing cryptocurrency rally.