NAQ.F - Nasdaq, Inc.

Frankfurt - Frankfurt Delayed price. Currency in EUR
89.07
+4.43 (+5.23%)
At close: 3:42PM CEST
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Previous close84.64
Open85.02
Bid86.68 x 10700
Ask88.00 x 10500
Day's range85.02 - 89.07
52-week range69.15 - 108.98
Volume12
Avg. volume65
Market cap14.837B
Beta (5Y monthly)0.69
PE ratio (TTM)19.24
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield1.70 (2.01%)
Ex-dividend date12 Mar 2020
1y target estN/A
  • Buy Nasdaq (NDAQ) Stock for Safety Amid Coronavirus Market Volatility?
    Zacks

    Buy Nasdaq (NDAQ) Stock for Safety Amid Coronavirus Market Volatility?

    Nasdaq (NDAQ) shares have surged roughly 30% in the last two weeks and its earnings revisions have climbed amid the broader coronavirus economic downturn...

  • Bloomberg

    JPMorgan Among Banks Delaying Internships or Moving Them Online

    (Bloomberg) -- Firms including JPMorgan Chase & Co., HSBC Holdings Plc and Nasdaq Inc. are making changes to their summer internship programs, including delaying their start, making them shorter or moving them online, as the coronavirus pandemic shifts work arrangements across the finance industry.JPMorgan pushed back the start date of its internship program to July 6, and is exploring a virtual format if necessary for safety reasons. The incoming class of more than 3,000 interns globally will still be paid for full nine-to-10-week internships despite the program being shorter than planned, a company representative said.Finance internships typically last nine to 12 weeks and include orientations, guest-speaker events and group projects -- collaboration limited by stay-at-home orders in cities around the world aimed at combating the virus’s spread. Companies are grappling with how to handle interns and post-graduate recruits who are generally given summer offers months in advance.Nasdaq said Friday that its summer program would be fully virtual, following Capital One Financial Corp., which was the first major U.S. bank to move its program online. Capital One said earlier this week that it will still pay its 1,000 interns the full amount outlined in their offer letters, including housing stipends.HSBC pushed the start date of its internship and post-graduate programs, which were set to begin in June and July, respectively, to later in the year. The London-based bank offers internships and graduate programs in locations including Singapore, China, the Middle East, the U.S. and the U.K., according to its website.“We understand that prospective candidates may be disappointed,” the company said in an emailed statement. “However, we’ve made this decision to safeguard our current and future workforce.”Bank of America Corp. said this week that its 2,000 summer interns and 1,000 campus recruits will start as scheduled in June and July, respectively. The lender didn’t specify whether the new hires would work remotely, saying it would finalize plans for bringing them on board later.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • ETFs to Ride High on Tesla's Robust Q1 Delivery Numbers
    Zacks

    ETFs to Ride High on Tesla's Robust Q1 Delivery Numbers

    The solid deliveries data has put the spotlight on ETFs having substantial allocation to the luxury carmaker.

  • Can Nasdaq (NDAQ) Keep the Earnings Surprise Streak Alive?
    Zacks

    Can Nasdaq (NDAQ) Keep the Earnings Surprise Streak Alive?

    Nasdaq (NDAQ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Nasdaq (NDAQ) is a Top Dividend Stock Right Now: Should You Buy?
    Zacks

    Nasdaq (NDAQ) is a Top Dividend Stock Right Now: Should You Buy?

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Nasdaq (NDAQ) have what it takes? Let's find out.

  • Fed Hears Pleas to Ease Rules on Banks in Options Markets
    Bloomberg

    Fed Hears Pleas to Ease Rules on Banks in Options Markets

    (Bloomberg) -- Amid the coronavirus outbreak, the options market has been a crucial tool for investors seeking to protect themselves from the wild swings of stock prices. Now, just as trading is surging, exchanges are warning that regulations could sideline banks that keep the market functioning.At issue are capital rules that determine how much risk Wall Street banks, which clear options trades, can take on behalf of their clients. Top officials at Cboe Global Markets Inc., Nasdaq Inc. and the New York Stock Exchange told the Federal Reserve last week that a jump in buying and selling was putting market makers perilously close to hitting their bank-imposed limits. The exchanges urged the Fed to give banks more leeway to handle the increased demand, according to a copy of a letter reviewed by Bloomberg.Investors rely on options to hedge against declines in equity prices and to bet on broad market moves, such as a surge or plunge for the S&P 500. The products have been embraced at a time when coronavirus is triggering significant angst about the state of the global economy, and as a result, roller-coaster trading days.“They become the go-to-instrument when markets become volatile and investors and market participants seek to manage their risk exposure,” said Andy Nybo, a managing director at Burton-Taylor International Consulting, which provides analysis to financial firms.There has been a surge of options trading this year, and at the current pace March would have the highest monthly volume in U.S. exchange-traded options in at least five years, according to Nybo’s estimates.Banks VitalBanks play a pivotal role in the options market because they settle transactions for market makers -- the professional traders who sit on the other side of wagers made by fund managers and mom-and-pop investors. But banks may resist clearing trades if it means having to set aside more capital. Should they pull back, it would effectively put a cap on market makers’ portfolios. Cboe, Nasdaq and the NYSE say that is at risk of happening just as volatility is hitting records and investors are desperate to trade options.“It is critical to extend immediate relief,” the exchanges said in the March 18 letter to Fed Vice Chairman for Supervision Randal Quarles and other officials. “We implore the Board to exercise its considerable authority to grant relief to expand clearing capacity during a time of extraordinary market stress.”In a statement, NYSE said the exchanges’ want the Fed to take action before the end of the month so that market participants can benefit from increased liquidity and price discovery. Cboe and Nasdaq declined to comment on the request to the Fed.A Fed spokesman said Quarles received the letter, but the agency had no further comment.Rule ShortcomingsU.S. regulators have acknowledged that the way they require banks to calculate risk from derivatives clients has shortcomings. The process is known as the current exposure methodology, or CEM. In November, U.S. officials announced they were shifting to a different measure known as the standardized approach for counter-party credit risk, or SA-CCR.That revision should lead to reduced capital requirements for banks’ derivatives contracts. Supporters say it also will improve market liquidity.But SA-CCR isn’t supposed to start going live until April, and it will probably take much longer before Wall Street applies it to options clearing. That’s because banks are required to use the new methodology across their firms, meaning it will likely take time to hit each individual business line.Cboe, Nasdaq and NYSE want the Fed to speed things up by letting banks start using SA-CCR this month on options contracts or by applying a different fix that enables lenders to overhaul their risk calculations.Risk DeadlinesThe timing is important because March 31 marks the end of both the month and the first quarter. Banks will likely make decisions before the month closes about how much clearing they’re willing to do in April. And the conclusion of a quarter is typically when banks assess whether to expand or contract certain business lines.Another issue is that just a few firms handle much of the clearing for exchange-traded equity options, according to two people familiar with the matter. Goldman Sachs Group Inc., Bank of America Corp. and ABN AMRO Bank NV are dominant, said the people who asked not to be named in discussing data that isn’t public.Goldman Sachs, Bank of America and ABN declined to comment.Regulatory ‘Disincentives’The exchanges also sent a copy of their letter to Fed Chairman Jerome Powell, FDIC Chairman Jelena McWilliams, Comptroller of the Currency Joseph Otting, Securities and Exchange Commission Chairman Jay Clayton and Commodity Futures Trading Commission Chairman Heath Tarbert.During a March 24 public call with an industry advisory panel, Tarbert said the CFTC wanted to ensure bank capital rules don’t create “disincentives” for firms to provide liquidity to the options market. However, he said bank regulators would ultimately be the ones who would have to make any changes.“It’s very much an ongoing dialog,” Tarbert said.(Updates with options trading surge in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Nasdaq Warns of Market Manipulation Amid Coronavirus Outbreak
    Zacks

    Nasdaq Warns of Market Manipulation Amid Coronavirus Outbreak

    Nasdaq (NDAQ) warns of potential market manipulation driven by coronavirus concerns.

  • Nasdaq warns of market manipulation during coronavirus volatility
    Reuters

    Nasdaq warns of market manipulation during coronavirus volatility

    Financial firms should be on the lookout for potential market manipulation as the spike in volatility and volumes driven by coronavirus concerns could embolden traders with bad intentions looking to "hide amongst the noise," Nasdaq Inc said on Friday. The U.S. stock market is on course for its worst month in three decades as fears of the severity of the pandemic have led to a massive sell-off, with the S&P 500 losing nearly 30%, or more than $8 trillion, in value since hitting a record closing high on Feb. 19. As volumes spike, so do the number of trading surveillance alerts at financial firms, but surveillance analysts need to be vigilant and not assume that the rise is just a normal response to the increased market activity, two Nasdaq executives said in a post on the exchange operator's website.

  • U.S. Plans to Keep Markets Open, Considering Shorter Hours
    Bloomberg

    U.S. Plans to Keep Markets Open, Considering Shorter Hours

    (Bloomberg) -- The Trump administration plans to keep U.S. stock markets open despite volatility, though trading hours may be shortened, Treasury Secretary Steven Mnuchin said.“We absolutely believe in keeping the markets open,” Mnuchin said at a Tuesday news conference at the White House. “Americans need to know they have access to their money.”Mnuchin said he has spoken to banks and the New York Stock Exchange, and they agree on the need to keep markets operating. The possibility of shorter hours caught some executives by surprise.“Shorter hours make no sense,” Terry Duffy, the CEO of CME Group Inc., the world’s largest futures exchange, said Tuesday in a statement. “We were quite surprised to hear Secretary Mnuchin say he is coordinating with the New York Stock Exchange on possible shortened trading hours, even though he has not reached out to all cash equity and futures markets including CME Group and Nasdaq.”The New York Stock Exchange said in an emailed statement Tuesday that it’s in constant dialogue with the U.S. government and regulators, and has “no current plans to shorten the trading day.” NYSE’s parent company, Intercontinental Exchange Inc., said in a separate statement that all of its platforms were operating normally.Wild swings in equity markets and thousands in the financial industry working from home have led to questions about whether stock exchanges should remain open. But top regulators and executives of exchange firms have come out in favor of keeping markets open.“We certainly would not be in favor of closing the market, we certainly wouldn’t be in favor of shortening the trading day,” Tal Cohen, Nasdaq Inc.’s head of North American market services, said in an interview Tuesday on Bloomberg Television. “That might just increase the intensity.”U.S. indexes climbed on Tuesday, a day after declines triggered circuit breakers that halted trading before the major indexes plunged to their biggest drop since 1987.Jim Toes, chief executive officer of the Security Traders Association, an industry group, said on Tuesday that markets need to remain open to “deal with the economy.”“They can’t close the markets,” Toes said. “They’re functioning, they’re working. Unless something breaks, why?”Spokespeople for the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Financial Industry Regulatory Authority -- the main U.S. market regulators -- didn’t immediately respond to e-mailed requests for comment on Mnuchin’s remarks.SEC Chairman Jay Clayton said Monday that stock markets should continue to operate. Clayton said the current environment differs from previous market shocks, such as the 2008 credit crisis or the terrorist attacks of September 11, 2001, partly because of steps that have been taken to bolster the financial industry since then.“I think our banks are in a much stronger position today than they were then,” Clayton said on CNBC. “This is a demand and supply shock,” he said, adding that he’s concerned businesses might not have access to all the credit they need.Exchanges have largely held up amid surges in volume. That has helped most exchange operators’ stocks outperform the broader market amid the declines.In a Bloomberg Television interview Monday, Nasdaq CEO Adena Friedman said trading should continue for the sake of investors and to allow companies to raise needed capital. Closing markets would create more market anxiety, NYSE President Stacey Cunningham said in a tweet on Monday.(Updates with CME and NYSE comments starting in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • They Manage $310 Billion, and They Want New Carbon Pricing Rules
    Bloomberg

    They Manage $310 Billion, and They Want New Carbon Pricing Rules

    (Bloomberg) -- Three of the biggest asset managers in Sweden have started a campaign to force listed companies to back up their carbon-emissions claims with a lot more data.Alecta, Folksam and Robur Asset Management, which together oversee about $310 billion, want Nasdaq OMX Nordic to set new rules for the companies that trade on the exchange. Firms should be forced to show how they calculate the future cost of carbon emissions, they argue, pointing to significant inconsistencies in current methods that make it virtually impossible for investors to know what they’re buying.“We think we have come far enough that Nasdaq OMX should consider making this a part of the listing requirements,” Alecta’s chief executive officer Magnus Billing said in an interview.Nasdaq says it already “encourages” the companies that trade on its Nordic exchange to provide transparent reporting, for which it offers training.“Our experience is, however, that true development on sustainability is driven by demand, rather than regulatory intervention,” Lauri Rosendahl, the president of Nasdaq Stockholm and head of European equities and post trade, said by email.Nordic companies do more than their peers elsewhere, “both in quantity and in quality,” when it comes to transparency around ethical conduct, Rosendahl said. “At this point, we do not see reason to create additional layers of regulation,” he added.Institutional investors in the Nordic region are desperate for assets that live up to environmental, social and governance standards as they try to use their clout to bring about ethical change. But they face a landscape riddled with reporting gaps.In Norway, the $1.1 trillion sovereign wealth fund recently revealed it’s stepping up pressure on the firms it holds and forcing them to explain their ESG credentials. It has held meetings with some of the biggest companies in the world to underline its point, including Microsoft Inc., Volkswagen AG and Toyota Motor Corp.Alecta and Folksam are both members of the Net-Zero Asset Owner Alliance, which represents nearly $4 trillion of assets under management. The funds behind the alliance have pledged to transform their portfolios to net-zero green-house gas emissions by 2050.Billing at Alecta says it’s currently not at all clear how carbon emissions are priced, with assumptions per ton of emissions varying by hundreds of dollars, depending on who does the calculation.Alecta acknowledges it won’t be easy for companies to publish figures on an area characterized by such uncertainty, especially given the potential legal ramifications of guiding imprecisely. Companies may also want to treat their calculations as business secrets.But, according to Billing, “That is why the market place has an important function, as it can help set out the framework and handle legal aspects regarding forward looking statements.”To contact the reporter on this story: Love Liman in Stockholm at jliman1@bloomberg.netTo contact the editors responsible for this story: Tasneem Hanfi Brögger at tbrogger@bloomberg.net;Charles Daly at cdaly22@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Nasdaq (NDAQ) Acquires Solovis to Boost Investor Analytics
    Zacks

    Nasdaq (NDAQ) Acquires Solovis to Boost Investor Analytics

    Nasdaq (NDAQ) acquires Solovis to expand its capital market analytics offerings.

  • Nasdaq (NDAQ) Reports Y/Y Increase in Volume for February
    Zacks

    Nasdaq (NDAQ) Reports Y/Y Increase in Volume for February

    Nasdaq's (NDAQ) February U.S. equity options volume increases 52.9% and European options and futures volume rises 35.8% year over year.

  • Why Is Nasdaq (NDAQ) Down 7.3% Since Last Earnings Report?
    Zacks

    Why Is Nasdaq (NDAQ) Down 7.3% Since Last Earnings Report?

    Nasdaq (NDAQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • U.S. stock exchanges say prepared for coronavirus
    Reuters

    U.S. stock exchanges say prepared for coronavirus

    U.S. stock exchanges said on Wednesday they were watching coronavirus-related developments closely and had contingency plans in place to continue running if any of their operations were affected. "The NYSE is carefully monitoring the spread of COVID-19 and has robust contingency plans, tested regularly, to enable continuous operation of the NYSE exchanges should any facilities be impacted," a spokesman for the NYSE, which is owned by Intercontinental Exchange Inc , said in a statement. NYSE runs five U.S. stock exchanges, while Cboe Global Markets runs four, and Nasdaq Inc runs three.

  • Coronavirus update: Business impact widens as China fights to get infections under control
    Yahoo Finance

    Coronavirus update: Business impact widens as China fights to get infections under control

    China’s deadly coronavirus outbreak continues to threaten multi-national companies, as a range of businesses from leisure to retail suffer from the outbreak’s after-effects.

  • Nasdaq proposes exclusive exchange trading for illiquid stocks
    Reuters

    Nasdaq proposes exclusive exchange trading for illiquid stocks

    Nasdaq Inc asked regulators on Wednesday to allow issuers of thinly-traded stocks listed on its exchange to trade almost exclusively on Nasdaq, as part of a broader plan to boost trading in small- and mid-sized companies. There are 13 U.S. stock exchanges, with at least two more preparing to launch, and a company's shares can be traded on any of them, regardless of whether they are listed on the Intercontinental Exchange Inc's New York Stock Exchange, or Nasdaq. The U.S. Securities and Exchange Commission asked the exchanges in October to bring it proposals aimed at making thinly-traded securities, which Nasdaq defined as trading less than 100,000 shares a day, on average, for six consecutive months, easier to trade.

  • Nasdaq profit tops views as non-trading units take flight
    Reuters

    Nasdaq profit tops views as non-trading units take flight

    Chief Executive Officer Adena Friedman has expanded Nasdaq's focus beyond traditional exchange functions to higher-growth opportunities in technology and analytics, since taking the helm of the company in 2017, while selling off less-profitable units. "We are now in our third year since the announcement of our new vision for Nasdaq," Friedman said on a call with analysts.

  • Verizon exec gives glimpse of future of Yahoo, 5G, and streaming deals
    Yahoo Finance UK

    Verizon exec gives glimpse of future of Yahoo, 5G, and streaming deals

    Ronan Dunne talks to Yahoo Finance UK about how the company is planning to gain more customers and its further integration with Verizon Media.

  • This $20 billion Chinese tech giant empowers female leaders
    Yahoo Finance

    This $20 billion Chinese tech giant empowers female leaders

    Ctrip CEO Jane Sun shares how she has helped to empower female leaders at her company.

  • Nasdaq eyes upside from free e-trades as profit tops expectations
    Reuters

    Nasdaq eyes upside from free e-trades as profit tops expectations

    In recent weeks, online brokers, including Charles Schwab Corp , TD Ameritrade Holding Corp and Interactive Brokers Group Inc , have slashed trading commissions to zero for stocks and exchange traded funds. "We actually see some opportunity that could come on the back of that," Nasdaq Chief Executive Officer Adena Friedman said on a call with analysts following the company's third-quarter earnings announcement.

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