BUZZ-Exchange operator Cboe rises after higher fourth-quarter profit

Reuters
02-08
BUZZ-Exchange operator Cboe rises after higher fourth-quarter profit

** Exchange operator Cboe Global Markets' CBOE.Z shares up ~1.1% at $209.2

** On an adjusted basis, the Cboe's Q4 net income allocated to common shareholders totaled $221.2 million, or $2.10 per share, compared with $218.8 million, or $2.06 per share, last year

** Cboe's Q4 options trading segment revenue grew 3% to $324.3 million in the quarter vs previous corresponding period

** 5 of 19 brokerages rate the stock "buy" or higher, 11 "hold" and 3 "sell"; their median PT is $213.5 — LSEG

** Cboe's stock was up ~9.4% in 2024

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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