Intercontinental Exchange Inc
ICE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$552.00 | Kpqy | Qknfjwhls |
Intercontinental Exchange Starts 2022 Strong; Volatility in Commodity and Capital Markets a Tailwind
Wide-moat-rated Intercontinental Exchange reported solid first-quarter earnings with strong trading volume on the company’s exchanges, partially offset by lower revenue from its mortgage technology segment, a consequence of lower mortgage origination volume nationwide. ICE reported net revenue of $1.9 billion, a 6% increase from last year, while adjusted earnings per share increased 7% year over year to $1.43.