Cboe Global Markets showcased its strong financial performance with Q3 2024 results outperforming expectations, backed by active options trading and hedging activity. The company's adjusted EPS came at $2.22, surpassing the consensus of $2.19 and declared a fourth-quarter dividend. The stock outperformed competitors on a strong trading day and even with some losses. A significant contributor to profits was Cboe's proprietary contracts, which helped achieve record derivatives volume. The company also boosted their 2024 revenue outlook. Executives continued to signal growth intentions, with the CEO expressing appetite for deals at the 'right price'. Innovations included the launch of the S&P 500 Variance Futures and a plan to launch the Cboe S&P 500 Constituent Volatility Index. In a strategic maneuver, Cboe also merged its digital assets business with its derivatives and clearing arm. On the regulatory front, Cboe, alongside Nasdaq, challenged the SEC over a new stock trading rule and updated Reg NMS.In partnership with Aquis Exchange, Cboe Europe intends to explore a bid for EU equities consolidated tape, while stateside, the company announced the intention to bring global trading into the US. It also partnered with a UK firm for a private share trading platform. Insider reports signify EVPs and CFOs selling their stakes, while the stock remains a strong momentum choice according to experts.
Cboe Global Markets CBOE News Analytics from Fri, 09 Feb 2024 08:00:00 GMT to Sat, 02 Nov 2024 05:02:31 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor -4
