CME Group sheds 0.66% within $185.28 to $190.24 daily range

Published: March 19 2023, 18:41 GMT+0

CME Group sheds 0.66% within $185.28 to $190.24 daily range

Friday at a glance: during Friday's session, CME Group toiled and struggled for upward momentum before closing at $185.98. By the close, the the financial derivatives exchange suffered a $1.23 or 0.66% loss.

  • Daily trading volume (4.77 million shares) increased, making up 294% of the 21-day average (1.62 million).
  • CME Group's board sets quarterly dividend of $1.1 per share to be paid on Monday, March 27th; annual dividend yield esimated at 2.37%.

With traders awaiting session open in 18 hours, Friday's session was noteworthy in that S&P 500 retreats 1.1% before ending the session at 3,916.64. CME Group closed lower Friday, with similar drops noticed throughout the Financial Services sector (down 1.02%).

After hitting an important low of $167.68 approximately 2 months ago, the world's largest financial derivatives exchange has bounced back 11.65% since. So far this year, it has been outperforming the S&P by 5.3%. Currently, the financial derivatives exchange has a market capitalization of $66.90 billion with an average daily trading volume of 1.62 million shares. CME Group is forecasted to generate revenues of $1.21 billion and EPS of $1.9.

CME Group disclosed a quarterly dividend of $1.1 per share on Thursday, February 2nd — to be paid on Monday, March 27th to all shareholders of record up until Friday, March 10th. The company's decision delivers CME Group shareholders with an annual dividend yield of 2.37%.

CME Group was not the only decliner in the financials sector; HSBC Holdings went down 4.09%, closed at $34.49. Berkshire Hathaway lost 2.81% Friday and closed at $293.51. JP Morgan Chase went down to $125.81, losing 3.78% after it closed at $130.75 Friday.