From Nasdaq: 2024-05-17 12:30:00

CME Group (CME) is poised for growth with a strong global presence, product portfolio, electronic trading, and a focus on over-the-counter clearing services. The stock has gained 17% in a year, with optimistic growth projections. Analysts expect earnings to increase in 2024 and 2025. The company has a track record of earnings surprises.

CME Group’s organic growth is driven by its market share in global futures trading and clearing services. Increased interest in the crypto economy is boosting electronic trading volume. Clearing and transaction fees benefit from higher volatility. The company’s investments and cost management efforts are paying off, with expected revenue and earnings growth in 2024 and 2025.

Coinbase Global (COIN), First BanCorp (FBP), and Morgan Stanley (MS) are top finance sector stocks to consider, each with a Zacks Rank #1 (Strong Buy). These stocks have shown strong earnings performance and year-to-date gains. Analysts project significant increases in earnings for these companies in 2024 and beyond. Investors seeking growth opportunities should keep an eye on these stocks.

Read more at Nasdaq: Here’s Why You Should Stay Invested in CME Group (CME) Stock