We are a leading provider of market infrastructure and tradable products, delivering cutting-edge trading, clearing and investment solutions to market participants around the world.

CBOE

Edward T. Tilly

Chairman and Chief Executive Officer

John F. Deters

Executive Vice President, Chief Strategy Officer

Greg Hoogasian

Executive Vice President, Chief Regulatory Officer

David Howson

Executive Vice President, Global President, CGM

Chris Isaacson

Executive Vice President, Chief Operating Officer

Brian N. Schell

Executive Vice President, Chief Financial Officer and Treasurer

Patrick Sexton

Executive Vice President, General Counsel and Corporate Secretary

Chairman and Chief Executive Officer and Director

Eugene S. Sunshine

Lead Director

William M. Farrow III

Director

Edward J. Fitzpatrick

Ivan K. Fong

Janet P. Froetscher

Jill R. Goodman

Alexander J. Matturri

Jennifer J. McPeek

Roderick A. Palmore

James E. Parisi

Joseph P. Ratterman

Jill E. Sommers

Fredric J. Tomczyk

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Cboe Global Markets 株価情報 (BATS: CBOE)

最新ニュース Cboe Global Markets (BATS:CBOE) 株価情報

Cboe Global Markets

NASDAQ

CBOE Holdings

Cboe Global Markets Inc is a provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The Company is committed to operating a trusted, inclusive world-wide marketplace, and to providing products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX, and digital assets, across North America, Europe, and Asia Pacific.

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ソラナ、リップル　Cboe副社長「ETFへの実現は遠い」

Cboe Global Markets Inc

Cboe Validus S&P 500 Dynamic PutWrite Index ETF

Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) has outperformed the market over the past 10 years by 1.49% on an annualized basis producing an average annual return of 12.62%. Currently, Cboe Global Markets has a market capitalization of $21.51 billion. 
Buying $100 In CBOE: If an investor had bought $100 of CBOE stock 10 years ago, it would be worth $328.22 today based on a price of $205.48 for CBOE at the time of writing.
<h3>Cboe Global Markets's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739289621_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much You Would Have Made Owning Cboe Global Markets Stock In The Last 10 Years

B of A Securities analyst Michael Carrier maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Buy and raises the price target from $245 to $251.

Price Target

Analyst Ratings

B of A Securities Maintains Buy on Cboe Global Markets, Raises Price Target to $251

Barclays analyst Benjamin Budish maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Equal-Weight and raises the price target from $212 to $216.

Barclays Maintains Equal-Weight on Cboe Global Markets, Raises Price Target to $216

Wall Street slumped into negative territory late in the week as renewed fears over inflation and trade <a href="https://www.benzinga.com/topic/tariffs">tariffs eroded risk appetite. </a>
The first warning sign came from the University of Michigan's consumer sentiment survey, which revealed an "unusually large" spike in inflation expectations. The one-year inflation outlook surged by a full percentage point to 4.3%, marking its highest <a href="https://www.benzinga.com/25/02/43564020/consumer-sentiment-sinks-economist-flags-unusually-large-rise-in-inflation-perception">level since November 2023. </a>
Investor uncertainty grew following President Donald Trump's announcement that &#8216;reciprocal tariffs&#8217; would take effect next week. Trump is expected to sign new executive orders at 2:00 p.m. Friday.
On the macro front, February&#8217;s jobs report revealed a mixed outcome, with employment growth slowing down more than expected, yet unemployment fell more than expected, and wages surged more than expected.
Market reaction was swift. The S&amp;P 500 fell 0.6%, erasing its weekly gains, while the Nasdaq 100 dropped 0.9% by 1:00 p.m. trading in New York. 
The Dow Jones Industrial Average slipped into negative territory for the week, putting its three-week winning streak at risk. Small-cap stocks underperformed, with the Russell 2000 sinking 1.3%. 
Stock-wise, Uber Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NASDAQ">UBER</a>) skyrocketed by 9.5%, extending its 8.6% rally from the previous session, after hedge fund billionaire Bill Ackman revealed a stake of 30.3 million shares in the ride-hailing giant.
In currency and bond markets, the U.S. dollar index – tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) – rallied following the tariff headlines, while Treasury yields climbed higher. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) dropped 0.8%, reflecting renewed pressure on long-duration bonds. 
Gold took a breather, retreating under pressure from a stronger dollar. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) erased early session gains, slipping from an intraday high of $100,000 to $97,500.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>• S&amp;P 500</td>
<td>6,047.11</td>
<td>-0.6%</td>
</tr>
<tr>
<td>• Dow Jones</td>
<td>44,452.38</td>
<td>-0.7%</td>
</tr>
<tr>
<td>• Nasdaq 100</td>
<td>21,576.82</td>
<td>-0.9%</td>
</tr>
<tr>
<td>• Russell 2000</td>
<td>2,279.74</td>
<td>-1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent020325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;fell 0.6% to $602.79.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.7% to $444.45.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;dropped 0.8% up to $528.47.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) flattened at $229.55.</li>
<li>The&nbsp;Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 0.7%; the&nbsp;Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down 1.2%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included:
<ul>
<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): down 3.78%</li>
<li>Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>): down 8.29%</li>
<li>Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>): up 2.86%</li>
<li>Expedia Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>): up 15.22%</li>
<li>Take-Two Interactive Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>): up 14.92%</li>
<li>Monolithic Power Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>): up 7.06%</li>
<li>Pinterest Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>): up 17.09%</li>
<li>SS&amp;C Technologies Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSNC#NASDAQ">SSNC</a>): up 5.44%</li>
<li>Principal Financial Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>): up 1.55%</li>
<li>Mettler-Toledo International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTD#NYSE">MTD</a>): up 2.12%</li>
<li>AptarGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATR#NYSE">ATR</a>): down 7.08%</li>
<li>Post Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>): up 5.96%</li>
<li>Mohawk Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>): down 1.53%</li>
<li>Boyd Gaming Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>): down 0.76%</li>
<li>Encompass Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EHC#NYSE">EHC</a>): up 1.53%</li>
<li>VeriSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>): down 0.32%</li>
<li>Cloudflare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>): up 18.39%</li>
<li>Skechers USA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>): down 12.68%</li>
<li>Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>): up 23.22%</li>
<li>e.l.f. Beauty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>): down 21.12%</li>
<li>Fortive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>): down 1.64%</li>
<li>Kimco Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>): up 0.20%</li>
<li>Avantor Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>): down 9.52%</li>
<li>Plains All American Pipeline LP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>): down 2.65%</li>
<li>Cboe Global Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#NASDAQ">CBOE</a>): up 1.03%</li>
<li>Construction Partners Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>): up 6.75%</li>
<li>Plains GP Holdings LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NYSE">PAGP</a>): down 1.56%</li>
<li>Flowers Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLO#NYSE">FLO</a>): up 0.31%</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>): down 28.38%</li>
<li>Perella Weinberg Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PWP#NASDAQ">PWP</a>): down 6.50%</li>
<li>Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>): up 16.75%</li>
<li>Proto Labs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>): down 1.89%</li>
<li>Green Plains Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRE#NASDAQ">GPRE</a>): down 19.06%</li>
<li>Graham Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>): down 17.34%</li>
<li>GrafTech International Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>): down 4.70%</li>
<li>Canopy Growth Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>): down 25.18%</li>
<li>Iterum Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRM#NASDAQ">ITRM</a>): down 5.03%</li>
</ul>
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</ul>
Image created using artificial intelligence via Midjourney.

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Wall Street Drops On Tariffs Threat, Dollar Rises, Uber Rockets On Ackman's Tweet: What's Driving Markets Friday?

Cboe Global Markets, Inc (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) reported <a target="_blank" href="https://www.benzinga.com/topic/cboe-global-markets" rel="noreferrer noopener">fourth-quarter revenue</a> growth of 5% year-on-year to $524.50 million, missing the analyst consensus estimate of $525.88 million.
An increase in net revenue from cash and spot markets, Data Vantage, and derivatives markets drove <a target="_blank" href="https://ir.cboe.com/news/news-details/2025/Cboe-Global-Markets-Reports-Results-for-Fourth-Quarter-2024-and-Full-Year/default.aspx" rel="noreferrer noopener">the topline growth</a>.
The company reported options net revenue of $324.3 million, up by 3%.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/25/02/43530227/msg-entertainment-q2-earnings-strong-holiday-ticket-sales-beats-revenue-estimates-despite-concert-decline" rel="noreferrer noopener">MSG Entertainment Q2 Earnings: Strong Holiday Ticket Sales, Beats Revenue Estimates Despite Concert Decline</a>
<ul>
<li>North American Equities net revenue of $94.9 million increased 10%.</li>
<li>Europe and APAC&#8217;s net revenue increased by $56.2 million by 17%.</li>
<li>Futures net revenue of $30.2 million decreased 7%.</li>
<li>Global FX net revenue of $19.4 million increased 3%.</li>
<li>EPS of $2.10 missed the analyst consensus estimate of $2.11.</li>
<li>The adjusted operating income grew by 4% to $319.7 million.</li>
<li>The adjusted operating margin declined by 60 bps to 60.6%.</li>
<li>The adjusted EBITDA margin declined 110 bps to 63.2%.</li>
<li>Cboe Global Markets generated $920.3 million in cash and equivalents as of Dec. 31, 2024.</li>
<li>During the quarter, the company paid cash dividends of $66.4 million, or 63 cents per share.</li>
</ul>
CEO Fredric Tomczyk noted that while the robust options volumes were a standout for 2024, the results were notable in each category, namely Derivatives Markets, Data Vantage, and Cash and Spot Markets.
Cboe Global Markets stock gained over 12% in the last 12 months. At least five Wall Street firms cut <a href="https://www.benzinga.com/quote/CBOE/analyst-ratings" target="_blank" rel="noreferrer noopener">their price targets</a> on the stock, including a rating downgrade by JPMorgan.
Price Action: CBOE stock is down 0.24% at $206.05 at last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/25/02/43532222/entegris-q4-earnings-revenue-and-profit-beat-warns-of-2025-uncertainty-beyond-ai-growth" target="_blank" rel="noreferrer noopener">Entegris Q4 Earnings: Revenue And Profit Beat, Warns of 2025 Uncertainty Beyond AI Growth</a></li>
</ul>
Photo: Shutterstock

Earnings

Cboe Q4 Earnings: Options Boom, Global Growth, Market Expansion Drive Gains

The earnings results for Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) for Q4 were made public on Friday, February 7, 2025 at 07:30 AM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
Cboe Global Markets missed estimated earnings by -1.0%, reporting an EPS of $2.1 versus an estimate of $2.12.
Revenue was up $25.50 million from the same period last year.
<h3>Past Earnings Performance</h3>
The company beat on EPS by $0.03 in the previous quarter, leading to a 2.0% drop share price change the next day.
Here's a look at Cboe Global Markets's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.19</td>
<td>2.10</td>
<td>2.04</td>
<td>2.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.22</td>
<td>2.15</td>
<td>2.15</td>
<td>2.06</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>530.76M</td>
<td>514.51M</td>
<td>504.80M</td>
<td>511.68M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>532.00M</td>
<td>513.80M</td>
<td>502.10M</td>
<td>499.00M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Cboe Global Markets <a href="https://www.benzinga.com/quote/CBOE/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cboe Global Markets Earnings Report: Q4 Overview

2025 Fiscal&nbsp;Year Financial Guidance
Cboe provided guidance for the 2025&nbsp;fiscal year as noted below.
<ul>
<li>Organic total net revenue growth is expected to be in the mid single digit range in 2025.</li>
<li>Organic net revenue growth from Data Vantage is expected to be in the mid to high single digit range in 2025.</li>
<li>Adjusted operating expenses in 2025 are expected to be in the range of $837 to $852 million. The guidance excludes the expected amortization of acquired intangible assets of $70 million; the company adjusts for this amount in its non-GAAP reconciliation.</li>
<li>Depreciation and amortization expense for 2025 is expected to be in the range of $55 to $59 million, excluding the expected amortization of acquired intangible assets.</li>
<li>The effective tax rate on adjusted earnings for the full year 2025 is expected to be in the range of 28.5 to 30.5 percent. Significant changes in trading volume, expenses, tax laws or rates and other items could materially impact this expectation.</li>
<li>Capital expenditures for 2025 are expected to be in the range of $75 to $85 million.</li>
</ul>

Guidance

Cboe Global Markets Expects FY25 Organic Net Revenue Growth Of Mid-Single-Digit, Capex Of $75M-$85M

Earnings Misses

Cboe Global Markets Q4 2024 Adj. EPS $2.10 Misses $2.11 Estimate, Sales $524.500M Miss $525.880M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) is expected to report quarterly earnings at $2.12 per share on revenue of $526.93 million. 
• Kimco Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>) is expected to report quarterly earnings at $0.42 per share on revenue of $510.83 million. 
• Bank Bradesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBD#NYSE">BBD</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $6.10 billion. 
• Frontier Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) is expected to report quarterly earnings at $0.13 per share on revenue of $986.50 million. 
• Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) is projected to report quarterly earnings at $0.46 per share on revenue of $14.68 billion. 
• Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) is estimated to report quarterly earnings at $0.43 per share on revenue of $13.95 billion. 
• Newell Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $1.96 billion. 
• Iterum Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRM#NASDAQ">ITRM</a>) is likely to report earnings for its fourth quarter. 
• Bank Bradesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBDO#NYSE">BBDO</a>) is expected to report earnings for its fourth quarter. 
• Graham (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $49.50 million. 
• Listed Funds Trust Roundhill Cannabis ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WEED#BATS">WEED</a>) is expected to report quarterly loss at $0.23 per share on revenue of $69.44 million. 
• Canopy Gwth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) is estimated to report quarterly loss at $0.31 per share on revenue of $69.55 million. 
• Perella Weinberg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PWP#NASDAQ">PWP</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $222.65 million. 
• Green Plains (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRE#NASDAQ">GPRE</a>) is estimated to report quarterly loss at $0.21 per share on revenue of $646.03 million. 
• Flowers Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLO#NYSE">FLO</a>) is likely to report quarterly earnings at $0.21 per share on revenue of $1.13 billion. 
• Byrna Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $24.33 million. 
• Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) is likely to report quarterly earnings at $0.32 per share on revenue of $120.12 million. 
• Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) is expected to report quarterly earnings at $0.20 per share on revenue of $518.50 million. 
• Banco Santander Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSAC#NYSE">BSAC</a>) is expected to report quarterly earnings at $0.54 per share on revenue of $744.19 million. 
• Avantor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $1.72 billion. 
• Gorman-Rupp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRC#NYSE">GRC</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $162.84 million. 
• GrafTech International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $131.77 million. 
• Fortive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) is projected to report quarterly earnings at $1.12 per share on revenue of $1.63 billion. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BBDO

BSAC

BYRN

WEED

Earnings Scheduled For February 7, 2025

Cboe Global Markets, Inc. (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) announced on Monday that it plans to offer 24-hour, five days a week trading for U.S. equities on its Cboe EDGX Equities Exchange, subject<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42822291/2025-industry-shake-up-goldman-highlights-kkr-raymond-james-hamilton-lane"> to regulatory review. </a> 
The Details: Cboe said the proposed expansion of trading hours aims to meet growing global consumer demand for access to U.S. equities markets.&nbsp;
"We continue to hear from market participants globally — particularly those in Asia Pacific markets like Hong Kong, Japan, Korea, Singapore and Australia — that they want greater access to U.S. equities trading and need trusted venues that can offer transparency, robust liquidity and efficient price discovery," said Oliver Sung, head of North American Equities at Cboe Global Markets. 
Read Next: <a href="https://www.benzinga.com/25/02/43468887/robert-f-kennedy-nomination-advances-to-full-senate-vaccine-stocks-drop">Robert F. Kennedy&#8217;s Health Secretary Nomination Advances To Full Senate: Vaccine Stocks Drop&nbsp;</a>
Cboe said it plans to make all listed NMS stocks available for trading on the EDGX exchange for 24 hours every business day, excluding U.S. holidays, with <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42145634/cboe-to-launch-cash-settled-bitcoin-index-options">all trades </a>expected to be cleared through the Depository Trust and Clearing Corporation.&nbsp;
The company cautioned the plans are subject to regulatory approval from the Securities and Exchange Commission and Cboe will collaborate with other industry participants to ensure operational readiness for 24-hour trading.&nbsp;
"By leveraging our global infrastructure, leading-edge technology and proven experience facilitating around-the-clock trading in global markets, we believe we can seamlessly support a 24&#215;5 trading model for U.S. equities," Sung said. 
What Else: Several brokerage firms currently offer U.S. investors access to 24-hour trading.&nbsp;
Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) offers 24-hour trading for over 900 stocks and ETFs and Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) provides access to more than 10,000 U.S. stocks, ETFs and U.S. equity index options for overnight trading. 
Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) currently offers round-the-clock trading for about two dozen ETFs and plans to expand to all S&amp;P 500 and Nasdaq-100 stocks, as well as hundreds of ETFs, by 2025. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/01/43106379/trump-reverses-bidens-ai-policies-on-day-1-what-it-means-for-tech-giants-nvidia-amd-alphabet">Trump Reverses Biden&#8217;s AI Policies On Day 1: What It Means For Tech Giants Nvidia, AMD, Alphabet&nbsp;</a></li>
</ul>
Photo: Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

Markets

HOOD

IBKR

SCHW

Cboe Global Markets Announces Plans For 24-Hour Stock Trading

Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) has outperformed the market over the past 10 years by 1.06% on an annualized basis producing an average annual return of 12.39%. Currently, Cboe Global Markets has a market capitalization of $21.51 billion. 
Buying $100 In CBOE: If an investor had bought $100 of CBOE stock 10 years ago, it would be worth $321.05 today based on a price of $205.44 for CBOE at the time of writing.
<h3>Cboe Global Markets's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738015211_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Cboe Global Markets 10 Years Ago Would Be Worth Today

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Market Perform and lowers the price target from $220 to $215.

Keefe, Bruyette & Woods Maintains Market Perform on Cboe Global Markets, Lowers Price Target to $215

Oppenheimer analyst Owen Lau maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Outperform and lowers the price target from $232 to $218.

Oppenheimer Maintains Outperform on Cboe Global Markets, Lowers Price Target to $218

Barclays analyst Benjamin Budish maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Equal-Weight and lowers the price target from $220 to $212.

Barclays Maintains Equal-Weight on Cboe Global Markets, Lowers Price Target to $212

Jefferies analyst Daniel Fannon maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Hold and lowers the price target from $212 to $190.

Jefferies Maintains Hold on Cboe Global Markets, Lowers Price Target to $190

William Blair initiates coverage on Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Market Perform rating.

Initiation

William Blair Initiates Coverage On Cboe Global Markets with Market Perform Rating

JP Morgan analyst Kenneth Worthington downgrades Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) from Neutral to Underweight and lowers the price target from $203 to $174.

Downgrades

JP Morgan Downgrades Cboe Global Markets to Underweight, Lowers Price Target to $174

Goldman Sachs is shaking up the 2025 playbook for the capital markets industry. In a note shared Monday, analyst Alexander Blostein, CFA outlined key winners and losers in alternative asset managers, brokers, and traditional managers, <a href="https://www.benzinga.com/analyst-stock-ratings/upgrades">with bold rating adjustments.</a> 
Among the top picks are KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) and Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), while Hamilton Lane Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLNE#NASDAQ">HLNE</a>) and Cboe Global Markets, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#NYSE">CBOE</a>) face downgrades.
<h3 class="wp-block-heading">Alternative Managers: The 2024 High-Flyers Face Valuation Concerns</h3>
Alternative asset managers outperformed the S&amp;P 500 by a robust 28% in 2024, surging 51% on average. Yet, lofty valuations and slowing growth expectations may challenge the sector&#8217;s momentum in 2025. 
Some stocks nearly doubled: KKR &amp; Co. Inc. climbed +82%, and StepStone Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEP#NASDAQ">STEP</a>) was up 79%. At the lower end, Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>) rose 24%, while Hamilton Lane Incorporated posted a 31% gain.
Despite these massive returns, average price-to-earnings (P/E) multiples for the group expanded over 30% last year, with the 2026 expected P/E standing at a steep 24.5x.
"We think some of the multiple expansion is justified by improving organic FRE [fee-related earnings] growth and a cyclical boost from capital markets activity, but valuations are becoming increasingly prohibitive," Blostein said. 
<h3 class="wp-block-heading">Key Themes Driving Alternative Managers In 2025</h3>
Goldman Sachs indicated three major themes shaping the landscape for alternative managers in 2025:
<ol>
<li>Private Credit Competition: After driving 70% of management fee growth in 2024, private credit faces rising competition and risks of commoditization in direct lending, although demand for private investment-grade credit remains solid.</li>
<li>Retail and Private Wealth Expansion: The retail investor channel will continue to grow, but with increasing competition from scaled players.</li>
<li>Private Equity Revival: Fundraising and realization activity is expected to recover as deal markets normalize, benefiting corporate private equity managers.</li>
</ol>
Among alternative managers, Goldman&#8217;s top buys are KKR &amp; Co. Inc. and TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) for their robust FRE growth potential.
On the flip side, Hamilton Lane Incorporated was cut to Sell on slowing fee growth, with a target of $139. Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) was downgraded to Neutral on slowing organic growth.
<h3 class="wp-block-heading">Brokers: Recovery In M&amp;A Boosts RJF</h3>
Improved capital markets activity in 2025 could boost deal-making, especially in M&amp;A. 
Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) was upgraded from Neutral to Buy, with Goldman setting a $185 price target. Blostein highlighted RJF's $2.5 billion excess capital and strong operating leverage as key growth drivers.
LPL Financial Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>) remains a top pick, while trust banks like The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) and State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) are well-positioned for balanced growth.
<h3 class="wp-block-heading">Traditional Managers: Stabilizing Or Slowing</h3>
Traditional asset managers show mixed potential. 
Franklin Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) was upgraded from Sell to Neutral due to its attractive valuation, including a 6.5% dividend yield and a 14% free cash flow yield. Janus Henderson Group plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) also moved to Neutral on improving performance fees and ETF growth.
On the downside, Affiliated Managers Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) was downgraded to Neutral due to deteriorating EBITDA growth. Cboe Global Markets, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#NYSE">CBOE</a>) was cut from Neutral to Sell as growth in SPX and VIX option products stagnated.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Rating Change</th>
<th>New Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Franklin Resources, Inc. </td>
<td>Sell → Neutral</td>
<td>$22.00</td>
</tr>
<tr>
<td>Janus Henderson Group plc </td>
<td>Sell → Neutral</td>
<td>$45.00</td>
</tr>
<tr>
<td>Affiliated Managers Group, Inc. </td>
<td>Buy → Neutral</td>
<td>$191.00</td>
</tr>
<tr>
<td>Cboe Global Markets, Inc. </td>
<td>Neutral → Sell</td>
<td>$184.00</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Goldman Sachs</figcaption></figure>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42812603/uber-cfo-highlights-undervalued-stock-while-accelerating-buyback-efforts-through-15-billion-asr-deal">Uber CFO Says Stock Undervalued, Initiates $1.5 Billion Accelerated Stock Buyback</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Large Cap

Mid Cap

Upgrades

HLNE

Janus Henderson Group plc Ordinary Shares

LPLA

STEP

2025 Industry Shake-Up: Goldman Highlights KKR, Raymond James, Hamilton Lane

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) with a Market Perform and raises the price target from $217 to $220.

Keefe, Bruyette & Woods Maintains Market Perform on Cboe Global Markets, Raises Price Target to $220

Barclays analyst Benjamin Budish downgrades Cboe Global Markets (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) from Overweight to Equal-Weight and lowers the price target from $230 to $220.

Barclays Downgrades Cboe Global Markets to Equal-Weight, Lowers Price Target to $220

Press Releases

Cboe Global Markets to Close its U.S. Markets January 9 in Honor of National Day of Mourning for Former President Jimmy Carter

Cboe Global Markets Reports Trading Volume for December and Full Year 2024

Cboe Global Markets and Metaurus Advisors, LLC Collaborate on New U.S. Equity Index, First of Four in Planned Dispersion Product Suite

Cboe Unveils New Brand for Exchange Technology Platform, Marking New Chapter in Technology Innovation and Growth

Cboe Launches Index Datasets on Snowflake Marketplace, Further Expanding Access via the Cloud

Cboe Hires Meaghan Dugan as Head of U.S. Options, Marking Latest Expansion of its Global Derivatives Team

Cboe Global Markets Reports Trading Volume for January 2025

Cboe Global Markets Reports Results for Fourth Quarter 2024 and Full Year

Cboe Global Markets to Present at the BofA Securities 2025 Financial Services Conference on February 12

Dividends

Cboe Global Markets Declares First-Quarter 2025 Dividend

B of A Securities

Barclays

Keefe, Bruyette & Woods

Oppenheimer

Jefferies

Screenshot 2025-02-20 at 6.36.03 PM

Options

Trade Volatility As An Asset Class With Cboe VIX Index Products

Screenshot 2025-01-21 at 6.52.51 PM

Cboe: Life Is Better With Options, Investing Could Be Too

Screenshot 2024-12-16 at 6.50.17 PM

Interest in Index Options Continue to Grow–Find Out Why

Screenshot 2024-11-15 at 8.03.57 PM

Cboe Is Helping Lead The Retail Trading Revolution With A New Robinhood Collaboration

Interview

CEO Of Cboe Sits Down With Benzinga To Talk State Of The Markets

Screenshot 2024-11-08 at 6.43.12 PM

VIX Options Can Help You Navigate All Kinds Of Markets

Screenshot 2024-10-28 at 5.32.09 PM

Futures

Navigating Market Volatility: Cboe Launches Options On VIX Futures

Screenshot 2024-10-07 at 8.35.59 PM

Can 0DTE Options Help Level Up Your Trading Game?

Screenshot 2024-10-04 at 5.37.14 PM

How Index Options Can Help Traders Mitigate Dividend Risk

Screenshot 2024-09-19 at 5.36.36 PM

Guarding Against Uncertainty: How Cboe&#39;s Buffer Protection Indices Mitigate Investment Drawdowns

水曜日、Cboe (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) のETF上場担当副社長兼グローバルヘッドを務めるRob Marrocco氏が、ビットコイン（BTC）とイーサリアム（ETH）以外の<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38986296/will-solana-or-dogecoin-be-the-next-crypto-etf-if-the-ethereum-etf-is-approved">暗号通貨ETFが直面する課題を明らかにしました</a>。
出来事：Marrocco氏は、Solana（CRYPTO:<a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>）やRipple（CRYPTO:<a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>）などの暗号通貨に基づくETFが近い将来に実現する可能性について、懐疑的な意見を<a href="https://etfstore.com/cboes-rob-marrocco-talks-etf-share-classes-crypto-etfs-rise-of-active-more/">示しました</a>。また、これらの資産について先物市場が存在しないという理由を挙げ、それが大きな障害になっていると述べました。
彼は、スポットビットコインとイーサリアムのETFの承認が実現した背景には、先物市場の存在が大きな影響を与えているとも指摘しました。
Solana ETFについての可能性に関して、Marrocco氏は、スポットETFにつながる可能性のある手法として、まず先物に基づくSolana ETFを導入することが望ましいと提案しました。
しかし、先物ETFを導入したとしても、スポットETFの実績を積み上げるにはかなりの時間がかかるという点については、注意を促しました。
Marrocco氏は、暗号通貨に対して包括的な規制フレームワークが必要であると強調し、これを市場参加者と規制当局の両方にとってクリアな答えを提供するものだと述べました。
彼は、立法措置に関連する課題について認識している一方で、先物市場が発展するのを待つよりも、それよりも制定された法令の方がより迅速な道を提供するだろう、との見解を示しました。
多くのエディターたちがMarrocco氏の意見を裏付け、Solanaには先物市場がないことがSECによるETFの承認の障壁となっていると指摘しました。
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" class="wp-image-267246" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" width="300" height="250" /></a></figure>
業界の専門家たちは、Solana ETFの見通しについて意見が分かれており、一部はSolanaについて疑問を持っている一方、最近のイーサリアムETFの承認など、他の者はこれを可能にするものだと信じています。
米国における規制の進化するダイナミクスの中で、21世紀の金融技術（FIT21）法案の成立は重要な出来事でした。
この両党提出の法案の目的は、デジタル資産に関する明確な規制フレームワークを設定し、CFTC（商品先物取引委員会）とSECの間で責任を明確に分けることです。
最近、FIT21は下院を通過しましたが、デジタル資産に関する規制に含まれる不確実性に対応し、投資家の保護と市場の透明性を確保するために尽力しています。 この法律が成立するためには、上院での投票が必要ですが、このような立法プロセスが今後も続いていくことが重要です。
ビットコインとイーサリアム以外の暗号通貨ETFの将来には多くの課題がある一方で、FIT21などの規制の進展は、デジタル資産投資の将来の風景を形作る上で重要な役割を果たす可能性があります。
次なる展開：デジタル資産の未来と変化する規制環境に関するさらなる洞察を得るためには、11月19日にベンジンガの「デジタルアセットの未来」<a href="https://www.benzinga.com/events/digital-assets/agenda/">イベント</a> に参加してみてはいかがでしょう。

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