CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income products through its electronic trading platforms, open outcry, and privately negotiated transactions. The company also provides clearing for exchange-traded contracts and cleared swaps, as well as settlement services; and transaction lifecycle management services, such as trade and portfolio management, financial resource optimization, regulatory reporting, and trade processing. In addition, the company offers a range of market data services, including real-time and historical data services. It serves professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, governments, and central banks. The company has strategic partnership with B3 S.A. to develop risk management products for Brazilian domestic and international market participants. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. CME Group Inc. was founded in 1898 and is headquartered in Chicago, Illinois.
IPO Year: 2002
Exchange: NASDAQ
Website: cmegroup.com
Date | Price Target | Rating | Analyst |
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9/3/2024 | $212.00 → $177.00 | Neutral → Underperform | BofA Securities |
6/21/2024 | $206.00 → $187.00 | Neutral → Underweight | JP Morgan |
1/8/2024 | $244.00 → $222.00 | Overweight → Equal Weight | Barclays |
1/3/2024 | $195.00 | Neutral → Sell | Goldman |
9/6/2023 | $167.00 → $204.00 | Underperform → Neutral | BofA Securities |
6/28/2023 | $215.00 | Overweight | Barclays |
1/5/2023 | $191.00 | Neutral → Outperform | Credit Suisse |
10/12/2022 | $212.00 → $200.00 | Hold → Buy | Deutsche Bank |
10/12/2022 | $220.00 | Buy | Citigroup |
8/17/2022 | $171.00 | Sell | Rosenblatt |
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CHICAGO, Sept. 5, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that Chairman and Chief Executive Officer Terry Duffy will participate in a fireside chat at the 22nd Annual Barclays Global Financial Services Conference in New York on Monday, September 9, at 2:45 p.m. Eastern Time. The presentations will be broadcast live over the Internet and can be accessed on the Investor Relations section of the company's website. Please allow extra time prior to the presentation to visit the site and download the streaming media software required to listen to the Internet broadcast. An audio Webcast will be available for replay at the same address approxima
CHICAGO, Sept. 5, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch options on Bloomberg Commodity Index (BCOM) futures on September 23, pending regulatory review. The company also announced that it has extended its license with Bloomberg for commodity index products through 2027. Options on BCOM futures will provide market participants a new way to access broad market exposure with additional flexibility to express a range of views on commodity market movements. "We are pleased to announce the addition of options on BCOM futures to our suite of commodity index products, as well as the extension of our BCOM license renewal to co
CHICAGO, Sept. 5, 2024 /PRNewswire/ -- CME Group Inc. will announce earnings for the third quarter of 2024 before the markets open on Wednesday, October 23, 2024. Written highlights for the quarter will be posted on the company's website at 6:00 a.m. Central Time, the same time it provides its earnings press release. The company will also hold an investor conference call that day at 7:30 a.m. Central Time, at which time company executives will take analysts' questions. A live audio Webcast of the conference call will be available on the Investor Relations section of the company's website. Following the conference call, an archived recording will be available at the same site. Those wishing
Record interest rate ADV of 18.3 million contracts Record U.S. Treasury futures and options ADV overall, including record volume for 2-year, 5-year and 30-year futures contracts Record August ADV in equity index, agricultural, foreign exchange and options productsRecord international ADV of 8.9 million contractsCHICAGO, Sept. 4, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its second-highest monthly volume ever, with average daily volume (ADV) up 31% to 31.7 million contracts in August, driven by double-digit increases across all six asset classes. The company's interest rate ADV reached a record 18.3 million contracts and its deeply liquid U.S
CHICAGO, Sept. 3, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that open interest in its deeply liquid SOFR futures set a new record of 12,701,232 contracts on August 28, as the product's average daily volume (ADV) reached a record 3.5 million contracts year-to-date. "As market participants navigate changing expectations around monetary policy, they are turning, in record numbers, to the deep liquidity of CME Group SOFR futures and options, which are the world's leading tools for managing interest rate risk with precision and efficiency," said Agha Mirza, CME Group Global Head of Rates and OTC Products. "Across our SOFR, U.S. Treasury and Fed
WEST LAFAYETTE, Ind., Sept. 3, 2024 /PRNewswire/ -- The August Purdue University/CME Group Ag Economy Barometer dropped 13 points from July to a reading of 100, echoing levels seen from fall 2015 to winter 2016 during the early stages of a significant downturn in the U.S. farm economy. The Index of Current Conditions also dropped 17 points to 83, while the Index of Future Expectations decreased by 11 points to 108. Weakening farm income prospects weighed on farmers' sentiment as the outlook for a bountiful fall harvest was more than offset by declining crop prices. This month's survey was conducted from Aug. 12-16, 2024. "Weakness in the barometer and related indices provide a signal that f
CHICAGO, Aug. 28, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch two new wheat spread futures contracts on October 14, pending regulatory review. The CBOT Wheat - Euronext Milling Wheat No. 2 Spread futures contract and the KC HRW Wheat - Euronext Milling Wheat No. 2 Spread futures contract will each be U.S. dollar-denominated in metric tons and based on the spread between either CBOT Wheat futures prices or KC HRW Wheat futures prices and Euronext Milling Wheat No. 2 futures prices. "As the wheat trade becomes increasingly global and interlinked, we are pleased to provide our clients with innovative new tools to manage thei
CHICAGO, Aug. 27, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it will further expand its cryptocurrency derivatives offerings with the introduction of Bitcoin Friday futures (BFF) on September 30, pending regulatory review. Sized at one-fiftieth of one bitcoin, these new weekly futures contracts will be cash-settled to the CME CF Bitcoin Reference Rate New York Variant (BRRNY) at 4:00 p.m. New York time every Friday. A new BFF contract will be listed every Thursday at 6:00 p.m. New York time for a Friday trade date, with market participants able to trade the nearest two Fridays at any given point. A Friday expiry allows these contracts to clo
CHICAGO, Aug. 26, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that registration is now open for the 21st annual CME Group University Trading Challenge, which will be held from Sunday, October 6, 2024 through Thursday, October 31, 2024. Interested students can register no later than 2 p.m. CT on Tuesday, October 2, where they can also familiarize themselves with the challenge rules and gain additional market knowledge through the wide range of resources available. The University Trading Challenge is an educational, hands-on trading challenge for undergraduate and graduate students from colleges and universities around the world. Competing team
Over $3.5 million awarded through CME Group Foundation's Scholarship program to dateCHICAGO, Aug. 14, 2024 /PRNewswire/ -- CME Group Foundation today announced that 18 historically underrepresented students majoring in finance, technology and related fields have each been awarded up to $20,000, which is renewable for three years. Since its launch in 2019, this program has awarded over $3.5 million in scholarships to nearly 100 students at 11 partner colleges and universities in the U.S. "Through our Foundation and other initiatives, CME Group is committed to supporting future leaders in our community by providing financial assistance and career development opportunities," said Terry Duffy,
BofA Securities downgraded CME Group from Neutral to Underperform and set a new price target of $177.00 from $212.00 previously
JP Morgan downgraded CME Group from Neutral to Underweight and set a new price target of $187.00 from $206.00 previously
Barclays downgraded CME Group from Overweight to Equal Weight and set a new price target of $222.00 from $244.00 previously
Goldman downgraded CME Group from Neutral to Sell and set a new price target of $195.00
BofA Securities upgraded CME Group from Underperform to Neutral and set a new price target of $204.00 from $167.00 previously
Barclays initiated coverage of CME Group with a rating of Overweight and set a new price target of $215.00
Credit Suisse upgraded CME Group from Neutral to Outperform and set a new price target of $191.00
Deutsche Bank upgraded CME Group from Hold to Buy and set a new price target of $200.00 from $212.00 previously
Citigroup initiated coverage of CME Group with a rating of Buy and set a new price target of $220.00
Rosenblatt initiated coverage of CME Group with a rating of Sell and set a new price target of $171.00
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CHICAGO, Sept. 5, 2024 /PRNewswire/ -- CME Group Inc. will announce earnings for the third quarter of 2024 before the markets open on Wednesday, October 23, 2024. Written highlights for the quarter will be posted on the company's website at 6:00 a.m. Central Time, the same time it provides its earnings press release. The company will also hold an investor conference call that day at 7:30 a.m. Central Time, at which time company executives will take analysts' questions. A live audio Webcast of the conference call will be available on the Investor Relations section of the company's website. Following the conference call, an archived recording will be available at the same site. Those wishing
CHICAGO, Aug. 8, 2024 /PRNewswire/ -- CME Group Inc., the world's leading derivatives marketplace, today declared a third-quarter dividend of $1.15 per share. The dividend is payable September 25, 2024, to shareholders of record as of September 9, 2024. As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy
Record quarterly adjusted net income and earnings per shareHighest Q2 average daily volume (ADV) in company history (26 million contracts)Year-over-year growth across every asset class CHICAGO, July 24, 2024 /PRNewswire/ -- CME Group Inc. (NASDAQ:CME) today reported financial results for the second quarter of 2024. The company reported revenue of $1.5 billion and operating income of $1.0 billion for the second quarter of 2024. Net income was $883 million and diluted earnings per common share were $2.42. On an adjusted basis, net income was $932 million and diluted earnings per common share were $2.56. Financial results presented on an adjusted basis for the second quarter of 2024 and 2023 e
Record Europe, Middle East and Africa (EMEA) ADV of 5.8M, up 28% in Q2 2024 Asia Pacific (APAC) ADV of 1.7M, up 9%; Latin America (LatAm) ADV of 182K, up 8% in Q2 2024LONDON and SINGAPORE, July 5, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its quarterly international average daily volume (ADV) reached a record 7.8 million contracts in Q2 2024, up 23% year on year. Reflecting all trading reported outside the United States, the record volume was driven by growth across all asset classes, with the highest trading volumes coming from interest rate and equity products. Commodities saw strong growth, with metals up 50%, energy up 40% and agr
CHICAGO, June 25, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its new U.S. Credit futures have traded 415 contracts since their launch on June 17. "In just one week since launch, our credit futures are generating strong trading activity as clients turn to more capital efficient ways to manage their duration risk and U.S. credit exposure," said Agha Mirza, CME Group Global Head of Rates and OTC Products. "These products have already provided bid-offer spreads lower than 0.1% of index points, as well as offered access to an anonymous, centralized marketplace with significant potential margin offsets." "We welcome the new credit index futur
CHICAGO, May 29, 2024 /PRNewswire/ -- CME Group Inc. will announce earnings for the second quarter of 2024 before the markets open on Wednesday, July 24, 2024. Written highlights for the quarter will be posted on the company's website at 6:00 a.m. Central Time, the same time it provides its earnings press release. The company will also hold an investor conference call that day at 7:30 a.m. Central Time, at which time company executives will take analysts' questions. A live audio Webcast of the conference call will be available on the Investor Relations section of the company's website. Following the conference call, an archived recording will be available at the same site. Those wishing to
Latest offering complements U.S. credit futures launching in JuneCHICAGO, May 21, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will continue its expansion into the fixed income markets by launching repo on corporate bonds and mortgage-backed securities (MBS) on BrokerTec Quote, its dealer-to-client (D2C) request-for-quote (RFQ) trading platform. U.S. corporate bonds began trading on May 20, 2024, with the remaining products live by the end of June. Additionally, CME Group's U.S. credit futures will begin trading on June 17, 2024. The addition of U.S., euro and sterling corporate bonds and MBS on BrokerTec Quote creates a holistic produ
CHICAGO, May 9, 2024 /PRNewswire/ -- CME Group Inc., the world's leading derivatives marketplace, today declared a second-quarter dividend of $1.15 per share. The dividend is payable June 25, 2024, to shareholders of record as of June 7, 2024. As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricult
CHICAGO, April 24, 2024 /PRNewswire/ -- CME Group Inc. (NASDAQ:CME) today reported financial results for the first quarter of 2024. The company reported revenue of $1.5 billion and operating income of $960 million for the first quarter of 2024. Net income was $855 million and diluted earnings per common share were $2.35. On an adjusted basis, net income was $911 million and diluted earnings per common share were $2.50. Financial results presented on an adjusted basis for the first quarter of 2024 and 2023 exclude certain items, which are detailed in the reconciliation of non-GAAP results.1 "CME Group adjusted net income and earnings per share reached new records in Q1 as investors turned to
New contracts based on Bloomberg corporate bond indexes will bring greater flexibility for risk managementCHICAGO, April 23, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its new credit futures are scheduled to begin trading on Monday, June 17, 2024, pending regulatory review. Launching alongside the company's leading U.S. Treasury complex, CME Group credit futures will be the first futures contracts to help market participants manage duration risk through an intercommodity spread with U.S. Treasury futures. In addition, for the first time ever, investors can gain exposure to and manage credit component risk through futures on Bloomberg's
CHICAGO, July 8, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the appointment of Mike Dennis as Global Head, Fixed Income. In this position, Dennis will oversee the company's largest, most actively traded global benchmark futures and options contracts on SOFR and U.S. Treasuries, including the 30-year bond, 10-, 5- and 2-year notes that enable investors to manage risk across the entire U.S. yield curve. He will also lead BrokerTec, the world's most liquid electronic cash trading platform for U.S Treasury benchmarks, E.U., U.K. and U.S. Repo trading. Dennis will report to CME Group Chairman and Chief Executive Officer Terry Duffy and serve on th
CHICAGO, June 3, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the appointment of John Ricci as Managing Director and Global Head of Agricultural Products. Reporting to Derek Sammann, Senior Managing Director and Global Head of Commodities Markets, Ricci will be responsible for leading the development, execution and management of the exchange's agricultural business globally. He will be based in Chicago. "We are pleased to welcome John to CME Group," said Derek Sammann, Senior Managing Director and Global Head of Commodities Markets. "Our benchmark agricultural products play a vital role in the global economy, helping our customers manage risk
CHICAGO, May 9, 2024 /PRNewswire/ -- CME Group Inc. (NASDAQ:CME) today announced the preliminary shareholder voting results from its 2024 annual meeting. At the meeting, shareholders: Elected Terrence A. Duffy, Kathryn Benesh, Timothy S. Bitsberger, Charles P. Carey, Bryan T. Durkin, Harold Ford Jr., Martin J. Gepsman, Larry G. Gerdes, Daniel R. Glickman, Daniel G. Kaye, Phyllis M. Lockett, Deborah J. Lucas, Terry L. Savage, Rahael Seifu, William R. Shepard, Howard J. Siegel and Dennis A. Suskind, each for a one-year term expiring in 2025;Ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for 2024;Approved, on an advisory basis, the
CHICAGO, May 4, 2023 /PRNewswire/ -- CME Group Inc. (NASDAQ:CME) today announced the preliminary shareholder voting results from its 2023 annual meeting. At the meeting, shareholders: Elected Terrence A. Duffy, Kathryn Benesh, Timothy S. Bitsberger, Charles P. Carey, Bryan T. Durkin, Harold Ford Jr., Martin J. Gepsman, Larry G. Gerdes, Daniel R. Glickman, Daniel G. Kaye, Phyllis M. Lockett, Deborah J. Lucas, Terry L. Savage, Rahael Seifu, William R. Shepard, Howard J. Siegel and Dennis A. Suskind, each for a one-year term expiring in 2024;Ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for 2023; andApproved, on an advisory basis,
Sean Tully to Retire in June CHICAGO, March 30, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it has appointed Tim McCourt to serve in an expanded role as Senior Managing Director, Global Head of Financial & OTC Products, following the retirement of Sean Tully, Senior Managing Director, Interest Rates and OTC Products, on June 2, 2023. "We appreciate the leadership Sean provided over the past decade for our financial products businesses, which included the successful migration to SOFR derivatives that now serve as the leading tool for hedging short-term interest rates," said CME Group Chairman and Chief Executive Officer Terry Duffy. "We ar
CHICAGO, Oct. 5, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the appointment of two new global heads for its Equity Index and Cryptocurrency businesses to continue driving product innovation and supporting long-term growth. Paul Woolman, Global Head of Equity Index Products, will oversee the company's Equity Index product portfolio, while Giovanni Vicioso, Global Head of Cryptocurrency Products, will assume responsibility for the company's Cryptocurrency products. Woolman and Vicioso will report to Tim McCourt, who previously led both business lines and was recently named to the CME Group management team as Global Head of Equity and FX Product
CHICAGO, May 4, 2022 /PRNewswire/ -- CME Group Inc. (NASDAQ:CME) today announced the preliminary shareholder voting results from its 2022 annual meeting. At the meeting, shareholders: Elected Terrence A. Duffy, Timothy S. Bitsberger, Charles P. Carey, Dennis H. Chookaszian, Bryan T. Durkin, Ana Dutra, Martin J. Gepsman, Larry G. Gerdes, Daniel R. Glickman, Daniel G. Kaye, Phyllis M. Lockett, Deborah J. Lucas, Terry L. Savage, Rahael Seifu, William R. Shepard, Howard J. Siegel and Dennis A. Suskind, each for a one-year term expiring in 2023; andRatified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for 2022; andApproved the Amended and Re
CHICAGO, May 5, 2021 /PRNewswire/ -- CME Group Inc. (NASDAQ:CME) today announced the preliminary shareholder voting results from its 2021 annual meeting. At the meeting, shareholders: Elected Terrence A. Duffy, Timothy S. Bitsberger, Charles P. Carey, Dennis H. Chookaszian, Bryan T. Durkin, Ana Dutra, Martin J. Gepsman, Larry G. Gerdes, Daniel R. Glickman, Daniel G. Kaye, Phyllis M. Lockett, Deborah J. Lucas, Terry L. Savage, Rahael Seifu, William R. Shepard, Howard J. Siegel and Dennis A. Suskind, each for a one-year term expiring in 2022; Ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for 2021; and Approved, on an advisory bas
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JP Morgan analyst Kenneth Worthington maintains CME Gr (NASDAQ:CME) with a Underweight and raises the price target from $187 to $191.
Keefe, Bruyette & Woods analyst Kyle Voigt maintains CME Gr (NASDAQ:CME) with a Market Perform and raises the price target from $212 to $213.
Barclays analyst Benjamin Budish maintains CME Gr (NASDAQ:CME) with a Equal-Weight and raises the price target from $208 to $209.
Throughout the last three months, 5 analysts have evaluated CME Gr (NASDAQ:CME), offering a diverse set of opinions from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 2 1 0 Last 30D 0 1 0 0 0 1M Ago 0 1 2 0 0 2M Ago 0 0 0 1 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for CME Gr, presenting an average target of $216.2, a high estimate of $235.00, and a low estimate of $187.00. A decline of 5.59% from the prior av
Piper Sandler analyst Patrick Moley maintains CME Gr (NASDAQ:CME) with a Overweight and lowers the price target from $235 to $225.
Wall Street experienced a turbulent session on Wednesday, with the S&P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. The Magnificent Seven group — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:MAGS) fell 4.9%, marking the worst daily performance since the fund’s inception last year. Tesla shares plummeted over 11% after missing earnings exp
Wall Street is gearing up for a negative start on Thursday, as traders mull over earnings from Tesla, Inc. (NASDAQ:TSLA) and Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), which incidentally haven’t been received well by the Street. While Tesla’s earnings were dismissed as of low quality, investors worried about Alphabet’s massive capex boost as it eyes supremacy in the AI market. The market may also focus on private sector activity readings due shortly after the market opens. “Mega tech has an unprecedented influence on market moves and overall earnings,” fund manager Louis Navellier said in a note. Traders may choose to remain on the sidelines until they get more clarity on the earnings f
CME Gr (NASDAQ:CME) reported quarterly earnings of $2.56 per share which beat the analyst consensus estimate of $2.54 by 0.79 percent. The company reported quarterly sales of $1.532 billion which missed the analyst consensus estimate of $1.534 billion by 0.11 percent. This is a 12.68 percent increase over sales of $1.360 billion the same period last year.
About 14% of the S&P 500 companies have reported their June quarter earnings and the blended earnings growth rate for the companies constituting the broader index remains healthy. The coming week will see the official start of the tech reporting season, which could potentially decide the fate of the market, which has seen a steep pullback in the recent week. The Week That Was: The tech earnings season had a modest start last week with the earnings report from chip-equipment maker ASML Holding N.V. (NASDAQ:ASML). The stock slumped about 16%, dragged by its weak third-quarter outlook and geopolitical concerns surrounding the China chip ban. Netflix, Inc.’s (NASDAQ:NFLX) guidance disappointe
Barclays analyst Benjamin Budish maintains CME Gr (NASDAQ:CME) with a Equal-Weight and lowers the price target from $228 to $208.