|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's range||101.25 - 104.81|
|52-week range||71.66 - 120.23|
|Beta (5Y monthly)||0.68|
|PE ratio (TTM)||22.49|
|Earnings date||21 Apr 2020|
|Forward dividend & yield||1.88 (1.86%)|
|Ex-dividend date||11 Mar 2020|
|1y target est||111.66|
Nasdaq had a strong pipeline of companies wanting to go public this year, but most IPO activity dried up after the first six weeks as markets were up-ended by the coronavirus crisis, Nasdaq Chief Executive Officer Adena Friedman told the Economic Club of Washington, DC. "Most companies are either just waiting for a better moment, when investors are more ready to put some risk capital to work, or they are being disrupted in their business models and they're going to have to be able to demonstrate how they can bounce back or how resilient they are through that before investors are going to take that risk with them," she said.
The sharp rise in trading volumes during closing auctions at global stock markets requires more innovation by brokers to capture value for buy-side investors, one of the world's largest asset managers said on Tuesday. Gradually introduced by major stock markets since the late 1990s, auctions held in the final minutes of trade were initially seen as an efficient, hard-to-manipulate way to establish end-of-day prices. The percentage of daily trade taking place in those final minutes roughly doubled between 2014 and 2019 in both Europe and the United States however, NBIM's calculations show, turning them into major trading opportunities with ample liquidity.
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) -- 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.
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.
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.
(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.
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.
Keeping markets open in the United States during the coronavirus epidemic is critical for maintaining investor confidence, exchanges and market industry bodies said in a joint statement on Friday. "Keeping all U.S. financial markets open is essential to the well-being of the general economy and vital to maintaining and bolstering investor confidence, particularly once the economy recovers from the effects of this pandemic," the statement said. Signatories to the statement included the American Bankers Association, CBOE, Nasdaq, CME, the Institute of International Finance and the International Swaps and Derivatives Association.
(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.
(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 email@example.comTo contact the editors responsible for this story: Tasneem Hanfi Brögger at firstname.lastname@example.org;Charles Daly at email@example.comFor 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, Inc. (NASDAQ:NDAQ) stock is about to trade ex-dividend in 4 days time. You will need to purchase shares before...
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.
Today we'll take a closer look at Nasdaq, Inc. (NASDAQ:NDAQ) from a dividend investor's perspective. Owning a strong...
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 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.