IntercontinentalExchange (ICE) PT Raised to $180 at Citi
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Go back to IntercontinentalExchange (ICE) PT Raised to $180 at Citi
August 2, 2024 6:00 AM EDT
Deutsche Bank analyst Brian Bedell downgraded IntercontinentalExchange (NYSE: ICE) from Buy to Hold with a price target of $152.00 (from $155.00).
The analyst comments "We viewed 2Q results as being reasonably good, although following our analysis of the company's fundamentals, we slightly reduced EPS... More
August 1, 2024 7:50 AM EDT
Intercontinental Exchange (NYSE: ICE) reported Q2 EPS of $1.52, $0.03 better than the analyst estimate of $1.49. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.31 billion.
Updated Financial Guidance
ICE's full year 2024 GAAP operating expenses are expected to be in a... More
August 1, 2024 7:34 AM EDT
By Pritam Biswas and Lewis Krauskopf
(Reuters) -Intercontinental Exchange on Thursday reported a quarterly profit rise of 9% that topped analyst estimates, helped by robust trading in energy markets.
The parent of the New York Stock Exchange and operator of other exchanges reported revenue from trading in energy-related products surged 32% in the second quarter to $469 million.
Total revenue from ICE's exchange business, the biggest component of its income base, jumped 14% to $1.25 billion in the quarter.
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