CME Group Stock Trading Lower on Q3 Earnings Drop

Dave Kovaleski, The Motley Fool
·2 min read
CME Group Stock Trading Lower on Q3 Earnings Drop
CME Group Stock Trading Lower on Q3 Earnings Drop

It has been a rough quarter for financial stocks as another, CME Group (NASDAQ: CME), reported a drop in earnings in the third quarter today. CME Group, which owns various derivatives exchanges, saw earnings drop 34% year over year to $411.7 million, or $1.15 per share. The company, which makes most of its money on clearing and transaction fees, reported a big drop in that category as fees declined 19.7% to $835 million, versus the third quarter of 2019.