From NASDAQ.: 2024-05-21 12:53:00

Intercontinental Exchange (ICE) is expected to continue growing due to its strong portfolio, risk management services, and recent acquisitions. Earnings estimates for 2024 and 2025 have increased, and the stock has outperformed the industry with a 6.6% gain this year. ICE’s efficient capital deployment and return on invested capital reflect its financial strength.

ICE’s impressive top-line growth, diversified product offerings, and strategic acquisitions position it for sustained momentum. The recent Black Knight acquisition enhances revenue streams and boosts recurring revenues. ICE projects continued growth in Fixed Income and Data Services recurring revenues. The company expects to benefit from the digitization of the U.S. residential mortgage industry.

The Zacks Consensus Estimate shows positive earnings growth for ICE in 2024 and 2025, supported by higher revenues. The company’s robust balance sheet and smart capital deployment strategies further contribute to its stability and growth potential. ICE also rewards shareholders through dividends and share buybacks.

Other strong finance sector stocks to consider are Coinbase Global (COIN), First BanCorp (FBP), and Morgan Stanley (MS). Each stock holds a Zacks Rank #1 (Strong Buy) and has shown strong earnings growth and stock price performance. These stocks present additional investment opportunities within the sector.

Read more at Nasdaq: Here’s Why You Should Retain Intercontinental Exchange (ICE)