CME gains after higher Q3 profit

CME

Wed 16:15

** Shares of derivatives exchange CME Group CME.O rose 0.8% to $297.71
** CME posts Q3 net income of $1.04 billion, or $2.89 per share, compared with $908 million, or $2.49 per share, a year earlier 
** "As uncertainty intensified in Q3, clients turned to CME Group in record numbers to manage risk and capitalize on opportunities," said CME CEO Terry Duffy
** Reports a record Q3 average daily volume (ADV) of 29.4 million contracts, with all-time high ADVs for July and September
** Q3 revenue was up 13% to $1.73 billion
** Nine of 18 analysts rate stock "strong buy" or "buy", six "hold" and three "sell"; their median PT is $295.31 - data compiled by LSEG
** Including session's move, CME up 9% YTD

(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com;))