Initiating Intercontinental Exchange with a 'buy' rating and $204 fair value, driven by strong trading volume growth expected in FY25. ICE's consistent product innovation and strategic acquisitions, especially in mortgage services, support margin expansion and revenue acceleration. Recent volume growth in energy and financial markets, along with rising volatility, positions ICE's transactional business as the primary growth driver.
U.S. Steel shares stopped trading on the New York Stock Exchange after Japan's Nippon Steel completed its acquisition. President Donald Trump has insisted for weeks that the companies would form a "partnership" in which U.S. Steel would remain American owned.
SPDR® ICE Preferred Securities ETF offers diversified exposure to preferred securities, with 156 holdings and a 10-year total return of 2.45%. The portfolio is mainly investment-grade, averaging Baa2-Baa3 credit ratings, and yields between 5.5% and 7.83% depending on security type. 46% of assets are fixed-rate preferreds below par, offering a 6.42% yield, while 23% are fixed-rate bonds below par yielding 7.05%.
As the United States ramps up immigration enforcement, several stocks are poised to benefit from the government crackdown.
Amid extreme market volatility and ambiguity, the traditional stock picking method ??? sales growth?
Intercontinental rides on data services growth, mortgage network strength, and strategic buyouts, though rising expenses may weigh on near-term margins.
ICE (ICE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Does IntercontinentalExchange (ICE) have what it takes to be a top stock pick for momentum investors? Let's find out.
ICE's Q1 results reflect the strength of a balanced and diversified business as well as the results of the strategic investments it has made.
Intercontinental Exchange, Inc. (NYSE:ICE ) Q1 2025 Earnings Conference Call May 1, 2025 8:30 AM ET Company Participants Katia Gonzalez - Manager, Investor Relations Jeff Sprecher - Chair and CEO Warren Gardiner - Chief Financial Officer Ben Jackson - President Lynn Martin - President, NYSE Chris Edmonds - President, Fixed Income and Data Services Conference Call Participants Ken Worthington - JPMorgan Kyle Voigt - KBW Alex Blostein - Goldman Sachs Dan Fannon - Jefferies Benjamin Budish - Barclays Patrick Moley - Piper Sandler Craig Siegenthaler - Bank of America Alex Kramm - UBS Ashish Sabadra - RBC Capital Markets Simon Clinch - Redburn Atlantic Operator Hello, everyone, and welcome to the ICE First Quarter 2025 Earnings Conference Call and Webcast. My name is Lydia, and I'll be your operator today.
While the top- and bottom-line numbers for ICE (ICE) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
IntercontinentalExchange (ICE) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.48 per share a year ago.