Over a week ago
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BofA analyst Craig…
BofA analyst Craig Siegenthaler estimates, using Q4 call report data from the Federal Financial Institutions Examination Council, that nearly 10%, or $1.8T, of aggregate deposits are held by banks that do not have interest rate hedging programs in place and notes that the exposure of depository institutions to interest rate risk has come into focus following the closure of Silicon Valley Bank (SIVB) and Signature Bank (SBNY). In light of the current high-profile bank crisis, BofA believes that both management teams and regulators are likely to re-evaluate bank exposure to interest rate risk and this may drive a wider proliferation of hedging among smaller depository institutions. CME Group (CME) "essentially has a monopoly" on U.S. interest rate futures trading and BofA estimates that CME could earn approximately $100M in incremental revenue annually by penetrating the unhedged regional and community banks. However, though the regional banking crisis has been incrementally beneficial for CME, the firm maintains its Underperform rating and $160 price target on the shares.
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03/22/23 Stronghold Digital reports no direct exposure to SVB, Signature, Silvergate 03/20/23 WhiteHorse Finance says no exposure to Silicon Valley Bank or Signature Bank 03/20/23 FDIC extends bid window for Silicon Valley Bridge Bank, N.A 03/20/23 SVB Financial files 'First Day Motions' for continued operations of SVB Capital 03/20/23 OCC conditionally approves Flagstar to buy, assume deposits of Signature 03/19/23 New York Community's Flagstar to assume Signature Bank deposits, FDIC says 03/14/23 CME Group reports 'highest daily volume on record' seen on March 13 03/06/23 CME Group to launch offshore Renminbi options 03/02/23 CME Group reached ADV of 28.2M contracts in February 03/02/23 CME Group reports February Aluminum futures ADV of 3,161 contracts 02/09/23 Deutsche Bank CME Group price target raised to $218 from $200 at Deutsche Bank 02/09/23 Credit Suisse CME Group price target raised to $207 from $198 at Credit Suisse 02/07/23 Credit Suisse CME Group price target raised to $198 from $192 at Credit Suisse 01/12/23 Citi CME Group price target lowered to $210 from $214.29 at Citi 03/20/23 Benchmark Aspen Aerogels upgraded to Buy from Hold at Benchmark 03/16/23 Susquehanna Bill price target lowered to $120 from $140 at Susquehanna 03/16/23 Baird Korn Ferry price target lowered to $59 from $61 at Baird 03/15/23 Citi Credit Suisse sold off over 20% in 'jittery market,' says Citi 03/22/23 Raymond James New York Community Bancorp resumed with a Strong Buy at Raymond James 03/20/23 BofA New York Community's Signature deal 'could be a significant positive,' says BofA 03/20/23 Wedbush Wedbush upgrades New York Community Bancorp to Outperform after Signature deal 03/20/23 Keefe Bruyette New York Community Bancorp upgraded to Outperform at Keefe Bruyette 03/10/23 Compugen considers exposure to SVB Financial as immaterial 01/19/23 SVB Financial reports Q4 EPS $4.62, consensus $5.27 10/20/22 SVB Financial reports Q3 EPS $7.21, consensus $6.95 01/17/23 Signature Bank reports Q4 EPS $4.65, consensus $4.89 10/18/22 Signature Bank reports Q3 EPS $5.57, consensus $5.41 10/17/22 Notable companies reporting before tomorrow's open 02/08/23 CME Group reports Q4 adjusted EPS $1.92, consensus $1.88 10/26/22 CME Group reports Q3 adjusted EPS $1.98, consensus $1.94
Hot Stocks
CME Group reported its…
CME Group reported its "highest daily volume on record," with 66,250,862 contracts traded on March 13. This follows the company's fourth highest daily volume on March 10, when 56,433,765 contracts traded, the company noted. "Given the extreme volatility in today's environment, exacerbated by the recent failures of Silicon Valley Bank and Signature Bank, we are seeing a flight to futures as participants turn to our deeply liquid markets. The importance of risk management cannot be overstated. Our futures and options on futures products are doing what they were designed to do, as investors seek to protect their portfolios amid heightened volatility," said CME Group Chairman and CEO Terry Duffy.
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03/14/23 Sangamo says substantially all SVB deposits transferred to other banks 03/14/23 Ambarella says withdrew all funds on deposit with SVB 03/14/23 Mawson Infrastructure confirms no exposure to Silvergate Capital and SVB 03/14/23 DMG Blockchain Solutions holds no deposits with SVB, Silvergate, Signature 03/14/23 electroCore reports no direct exposure to SVB, Silvergate, Signature Bank 03/14/23 Ebang says Ebonex has no exposure to SVB, Silvergate Capital, Signature Bank 03/14/23 CytoSorbents reports no direct exposure to SVB, Signature Bank 03/06/23 CME Group to launch offshore Renminbi options 03/02/23 CME Group reached ADV of 28.2M contracts in February 03/02/23 CME Group reports February Aluminum futures ADV of 3,161 contracts 02/21/23 CME Group to launch Micro E-mini S&P 400, S&P 600 futures on March 20 02/09/23 Deutsche Bank CME Group price target raised to $218 from $200 at Deutsche Bank 02/09/23 Credit Suisse CME Group price target raised to $207 from $198 at Credit Suisse 02/07/23 Credit Suisse CME Group price target raised to $198 from $192 at Credit Suisse 01/12/23 Citi CME Group price target lowered to $210 from $214.29 at Citi 03/13/23 Citi Citi cuts Bill target but says risk/reward favorable after selloff 03/13/23 BofA BofA removes rating on First Republic after SVB, Signature failures 03/13/23 DA Davidson DA Davidson upgrades Prosperity Bancshares to Buy on 'great defensive' qualities 03/13/23 Morgan Stanley Fed's new funding program a positive for Charles Schwab, says Morgan Stanley 03/13/23 Oppenheimer Coinbase price target lowered to $70 from $84 at Oppenheimer 03/10/23 Morgan Stanley SVB Financial pressures 'highly idiosyncratic,' says Morgan Stanley 03/10/23 Compass Point Compass Point says Silvergate, SVB troubles could be positive for Signature Bank 03/10/23 Compugen considers exposure to SVB Financial as immaterial 01/19/23 SVB Financial reports Q4 EPS $4.62, consensus $5.27 10/20/22 SVB Financial reports Q3 EPS $7.21, consensus $6.95 01/17/23 Signature Bank reports Q4 EPS $4.65, consensus $4.89 10/18/22 Signature Bank reports Q3 EPS $5.57, consensus $5.41 10/17/22 Notable companies reporting before tomorrow's open 02/08/23 CME Group reports Q4 adjusted EPS $1.92, consensus $1.88 10/26/22 CME Group reports Q3 adjusted EPS $1.98, consensus $1.94
Hot Stocks
CME Group announced that…
CME Group announced that it will launch options on its existing U.S. Dollar / Offshore Chinese Renminbi futures on April 3, pending regulatory review.
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03/02/23 CME Group reached ADV of 28.2M contracts in February 03/02/23 CME Group reports February Aluminum futures ADV of 3,161 contracts 02/21/23 CME Group to launch Micro E-mini S&P 400, S&P 600 futures on March 20 02/14/23 CME Group to launch event contracts on Bitcoin futures 02/09/23 Deutsche Bank CME Group price target raised to $218 from $200 at Deutsche Bank 02/09/23 Credit Suisse CME Group price target raised to $207 from $198 at Credit Suisse 02/07/23 Credit Suisse CME Group price target raised to $198 from $192 at Credit Suisse 01/12/23 Citi CME Group price target lowered to $210 from $214.29 at Citi 02/08/23 CME Group reports Q4 adjusted EPS $1.92, consensus $1.88 10/26/22 CME Group reports Q3 adjusted EPS $1.98, consensus $1.94 11/14/22 Fly Insider: Compass Therapeutics, Hershey among week's notable insider trades 10/12/22 Early notable gainers among liquid option names on October 12th
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Market statistics are…
Market statistics are available in greater detail. Reference Link
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03/02/23 CME Group reports February Aluminum futures ADV of 3,161 contracts 02/21/23 CME Group to launch Micro E-mini S&P 400, S&P 600 futures on March 20 02/14/23 CME Group to launch event contracts on Bitcoin futures 02/02/23 CME Group reports January ADV 21.7M contracts 02/09/23 Deutsche Bank CME Group price target raised to $218 from $200 at Deutsche Bank 02/09/23 Credit Suisse CME Group price target raised to $207 from $198 at Credit Suisse 02/07/23 Credit Suisse CME Group price target raised to $198 from $192 at Credit Suisse 01/12/23 Citi CME Group price target lowered to $210 from $214.29 at Citi 02/08/23 CME Group reports Q4 adjusted EPS $1.92, consensus $1.88 10/26/22 CME Group reports Q3 adjusted EPS $1.98, consensus $1.94 11/14/22 Fly Insider: Compass Therapeutics, Hershey among week's notable insider trades 10/12/22 Early notable gainers among liquid option names on October 12th
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CME Group announced that…
CME Group announced that participation in Aluminum futures is off to a "strong: start in 2023, reporting record average daily volume, or ADV, in February of 3,161 contracts, up 300% year-over-year, as well as record average daily open interest of 2,549 contracts, up 711% year-over-year and extending through December 2024.
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02/21/23 CME Group to launch Micro E-mini S&P 400, S&P 600 futures on March 20 02/14/23 CME Group to launch event contracts on Bitcoin futures 02/02/23 CME Group reports January ADV 21.7M contracts 02/02/23 CME Group raises quarterly dividend 10% to $1.10 from $1.00 per share 02/09/23 Deutsche Bank CME Group price target raised to $218 from $200 at Deutsche Bank 02/09/23 Credit Suisse CME Group price target raised to $207 from $198 at Credit Suisse 02/07/23 Credit Suisse CME Group price target raised to $198 from $192 at Credit Suisse 01/12/23 Citi CME Group price target lowered to $210 from $214.29 at Citi 02/08/23 CME Group reports Q4 adjusted EPS $1.92, consensus $1.88 10/26/22 CME Group reports Q3 adjusted EPS $1.98, consensus $1.94 11/14/22 Fly Insider: Compass Therapeutics, Hershey among week's notable insider trades 10/12/22 Early notable gainers among liquid option names on October 12th
Over a month ago
Hot Stocks
CME Group announced it…
CME Group announced it will launch Micro E-mini S&P MidCap 400 and Micro E-mini S&P SmallCap 600 futures on March 20, pending regulatory review. These new contracts will complement the existing E-mini S&P MidCap 400 and E-mini S&P SmallCap 600 futures.
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02/14/23 CME Group to launch event contracts on Bitcoin futures 02/02/23 CME Group reports January ADV 21.7M contracts 02/02/23 CME Group raises quarterly dividend 10% to $1.10 from $1.00 per share 01/31/23 CME Group to launch E-mini Russell 2000 Tuesday, Thursday weekly options 02/09/23 Deutsche Bank CME Group price target raised to $218 from $200 at Deutsche Bank 02/09/23 Credit Suisse CME Group price target raised to $207 from $198 at Credit Suisse 02/07/23 Credit Suisse CME Group price target raised to $198 from $192 at Credit Suisse 01/12/23 Citi CME Group price target lowered to $210 from $214.29 at Citi 02/08/23 CME Group reports Q4 adjusted EPS $1.92, consensus $1.88 10/26/22 CME Group reports Q3 adjusted EPS $1.98, consensus $1.94 11/14/22 Fly Insider: Compass Therapeutics, Hershey among week's notable insider trades 10/12/22 Early notable gainers among liquid option names on October 12th
Hot Stocks
CME Group (CME) will…
CME Group (CME) will expand its suite of event contracts to include Bitcoin (BTC) futures on March 13, pending regulatory review.
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02/02/23 CME Group reports January ADV 21.7M contracts 02/02/23 CME Group raises quarterly dividend 10% to $1.10 from $1.00 per share 01/31/23 CME Group to launch E-mini Russell 2000 Tuesday, Thursday weekly options 01/11/23 CME Group reports International ADV of 6.3M contracts in 2022, up 15% y/y 02/13/23 Hut 8 Mining mines188 Bitcoin in January 02/10/23 BTCS clarifies staking operations in response to SEC complaint against Kraken 02/07/23 Bit Brother Limited receives 400 S19J Pro Mining Servers 02/06/23 Bit Digital reports bitcoins January production up 3% 02/09/23 Deutsche Bank CME Group price target raised to $218 from $200 at Deutsche Bank 02/09/23 Credit Suisse CME Group price target raised to $207 from $198 at Credit Suisse 02/07/23 Credit Suisse CME Group price target raised to $198 from $192 at Credit Suisse 01/12/23 Citi CME Group price target lowered to $210 from $214.29 at Citi 01/20/23 JPMorgan Coinbase price target raised to $60 from $53 at JPMorgan 01/09/23 Jefferies Coinbase initiated with a Hold at Jefferies 01/09/23 Jefferies Marathon Digital downgraded to Hold from Buy at Jefferies 12/15/22 Northland Riot Blockchain price target lowered to $10 from $12 at Northland 02/08/23 CME Group reports Q4 adjusted EPS $1.92, consensus $1.88 10/26/22 CME Group reports Q3 adjusted EPS $1.98, consensus $1.94 11/30/22 BitNile sees FY23 revenue $200M, one estimate $111.39M 01/12/23 WonderFi in advanced merger talks with Coinsquare, BNN Bloomberg says 01/05/23 Crypto-trading firm Genesis lays off 30% more staff, CoinDesk reports 12/06/22 Signature Bank plans to offload up to $10B in crypto-linked deposits, FT says 11/28/22 Crypto lender BlockFi files for bankruptcy amid FTX 'entanglement,' NYT says 11/14/22 Fly Insider: Compass Therapeutics, Hershey among week's notable insider trades 08/17/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 08/15/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 02/10/23 Here's What You Missed in Crypto This Week 02/03/23 Here's What You Missed in Crypto This Week 01/27/23 Here's What You Missed in Crypto This Week 01/20/23 Here's What You Missed in Crypto This Week 10/12/22 Early notable gainers among liquid option names on October 12th
Recommendations
Deutsche Bank analyst…
Deutsche Bank analyst Brian Bedell raised the firm's price target on CME Group to $218 from $200 and keeps a Buy rating on the shares. The company's Q4 results were "quite solid," with a mild beat on revenue and interest income as well as a more significant beat on adjusted expenses, the analyst tells investors. However, CME is demonstrating pricing power by raising futures/options RPC this year, effectively a 4%-5% revenue increase, the firm says. Combined with organic growth initiatives and trading volumes that can grow at a low-mid-single digit pace, Deutsche Bank believes the company can generate EPS growth near 10% this year compared to 3% previously.
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02/02/23 CME Group reports January ADV 21.7M contracts 02/02/23 CME Group raises quarterly dividend 10% to $1.10 from $1.00 per share 01/31/23 CME Group to launch E-mini Russell 2000 Tuesday, Thursday weekly options 01/11/23 CME Group reports International ADV of 6.3M contracts in 2022, up 15% y/y 02/09/23 Credit Suisse CME Group price target raised to $207 from $198 at Credit Suisse 02/07/23 Credit Suisse CME Group price target raised to $198 from $192 at Credit Suisse 01/12/23 Citi CME Group price target lowered to $210 from $214.29 at Citi 01/11/23 Deutsche Bank CME Group price target lowered to $200 from $207 at Deutsche Bank 02/08/23 CME Group reports Q4 adjusted EPS $1.92, consensus $1.88 10/26/22 CME Group reports Q3 adjusted EPS $1.98, consensus $1.94 11/14/22 Fly Insider: Compass Therapeutics, Hershey among week's notable insider trades 08/17/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 08/15/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/12/22 Early notable gainers among liquid option names on October 12th
Recommendations
Credit Suisse analyst…
Credit Suisse analyst Gautam Sawant raised the firm's price target on CME Group to $207 from $198 and keeps an Outperform rating on the shares. The firm notes CME reported EPS of $1.92 above Credit Suisse's estimates of $1.84 and consensus of $1.88, owing to revenues in-line with the firm's estimates, operating expenses below its estimates and higher-than-expected non-operating income.
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02/02/23 CME Group reports January ADV 21.7M contracts 02/02/23 CME Group raises quarterly dividend 10% to $1.10 from $1.00 per share 01/31/23 CME Group to launch E-mini Russell 2000 Tuesday, Thursday weekly options 01/11/23 CME Group reports International ADV of 6.3M contracts in 2022, up 15% y/y 02/07/23 Credit Suisse CME Group price target raised to $198 from $192 at Credit Suisse 01/12/23 Citi CME Group price target lowered to $210 from $214.29 at Citi 01/11/23 Deutsche Bank CME Group price target lowered to $200 from $207 at Deutsche Bank 01/05/23 UBS CME Group price target lowered to $220 from $226 at UBS 02/08/23 CME Group reports Q4 adjusted EPS $1.92, consensus $1.88 10/26/22 CME Group reports Q3 adjusted EPS $1.98, consensus $1.94 11/14/22 Fly Insider: Compass Therapeutics, Hershey among week's notable insider trades 08/17/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 08/15/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/12/22 Early notable gainers among liquid option names on October 12th
Earnings
Reports Q4 revenue $1.2B,…
Reports Q4 revenue $1.2B, consensus $1.21B.
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02/02/23 CME Group reports January ADV 21.7M contracts 02/02/23 CME Group raises quarterly dividend 10% to $1.10 from $1.00 per share 01/31/23 CME Group to launch E-mini Russell 2000 Tuesday, Thursday weekly options 01/11/23 CME Group reports International ADV of 6.3M contracts in 2022, up 15% y/y 02/07/23 Credit Suisse CME Group price target raised to $198 from $192 at Credit Suisse 01/12/23 Citi CME Group price target lowered to $210 from $214.29 at Citi 01/11/23 Deutsche Bank CME Group price target lowered to $200 from $207 at Deutsche Bank 01/05/23 UBS CME Group price target lowered to $220 from $226 at UBS 10/26/22 CME Group reports Q3 adjusted EPS $1.98, consensus $1.94 11/14/22 Fly Insider: Compass Therapeutics, Hershey among week's notable insider trades 08/17/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 08/15/22 Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations 10/12/22 Early notable gainers among liquid option names on October 12th
