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Stock Market & Financial Investment News

News Breaks
February 5, 2013
14:45 EDTNYX, ICEEarnings Preview: ICE to report results after NYSE deal
Global futures exchange operator IntercontinentalExchange (ICE) is expected to report Q4 earnings before the open on Wednesday February 6, with a conference call scheduled for 8:30 am ET... EXPECTATIONS: Analysts are looking for earnings per share of $1.75 on revenue of $322.05M. The consensus range is $1.66-$1.84 for EPS on revenue of $312.42M-$334.81M, according to First Call... LAST QUARTER: IntercontinentalExchange reported Q3 EPS of $1.79 on revenue of $323.19M, which beat the consensus expectations. On December 20, the company agreed to buy NYSE Euronext (NYX) for $33.12 per share, or $8.2B. NYSE Euronext said on February 5 that it predicts that the deal will close in 2H13. A side deal that IntercontinentalExchange and NYSE Euronext reached could prevent a competing bid from arising, The Wall Street Journal reported on January 31. Under the deal, NYSE's European derivatives unit, known as Liffe, agreed to clear its trades through IntercontinentalExchange for at least two years, The WSJ reported, citing unnamed sources. The deal will remain valid regardless of whether the merger with IntercontinentalExchange closes, the newspaper stated... RESEARCH AND NEWS: Research firm Macquarie downgraded Intercontinental Exchange to Neutral from Outperform on January 9, as the firm lowered its estimate of the growth that the merger with NYSE Euronext will produce. Similarly research firm Bernstein on December 21 downgraded the company to Market Perform from Outperform as the firm believes that the NYSE Euronext acquisition dilutes the quality of Intercontinental Exchange's franchise. The firm also cited the complexity of the integration of NYSE Euronext as a reason for the downgrade. On January 14, IntercontinentalExchange CEO Duncan Niederauer told CNBC that the company's trading business is doing well. On January 23, Niederauer told The WSJ that the company would look to spin off its European unit... PRICE ACTION: IntercontinentalExchange's stock is up less than 10% since it announced the merger with NYSE Euronext. Over the last month, the stock is up about 10%.
News For ICE;NYX From The Last 14 Days
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November 24, 2014
06:47 EDTICEIntercontinentalExchange completes Liffe transition to ICE
Intercontinental Exchange announced that it has successfully completed the Liffe futures and options transition to ICE Futures Europe. The final phase of the Liffe transition was completed with the equity derivatives complex transferring to the ICE platform, following the previous migrations of European interest rate derivatives and soft commodity contracts.
November 19, 2014
07:47 EDTICEKeefe Bruyette to hold a conference
Securities Brokerage & Market Structure Conference is being held in New York on November 19 with webcasted company presentations to begin at 7:45 am. Webcast Link
November 10, 2014
07:08 EDTICECredit Suisse to hold a conference
2014 Boston Financials 1:1 Conference to be held in Boston on November 10-11.

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