CME Group’s quarterly profit rises as high volatility spurred risk hedging

(Reuters) – CME Group Inc (NASDAQ:) on Wednesday reported higher first-quarter profits, as traders turned to the exchange operator’s products to hedge against market volatility amid a banking crisis and worries over slowing macroeconomic growth.

On an adjusted basis, net income for the quarter was $882 million, or $2.42 per share, compared with $766 million, or $2.11 per share a year earlier.

Source link