MarketAxess: August Volume Report Shows Strong YOY Growth, But Market Share Continues To Decline [Seeking Alpha]
MarketAxess Holdings, Inc. (MKTX)
Last marketaxess holdings, inc. earnings: 4/29 06:30 am
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investor.marketaxess.com
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Source: Seeking Alpha
Follow Summary Reiterating HOLD rating on MKTX due to recent market share decline in U.S. High Grade and High Yield credit, despite strong ADNV growth. August 2024 metrics show significant Y/Y growth in ADNV across all credit and rates categories, but market share continues to decline albeit at a slower pace. Forecasting 3Q24 commissions revenue up 12% Y/Y and EPS of $1.68 (+15% Y/Y), driven by higher Fee Per Million in credit. sommart/iStock via Getty Images Reiterating Hold Rating Given Continuation of Market Share Trends As outlined in my initiation post on MarketAxess Holdings Inc. ( NASDAQ: MKTX ), 'MarketAxess: Electronic Credit Platform With Industry Tailwinds, Valuation Seems Fair', MarketAxess is a dominant player in the global electronic credit trading space. The company has benefitted and should continue to benefit, from the structural shift in global credit markets from primarily a dealer to client market operated via telephone to an electronically traded ma
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MKTX
News
- How To Prepare Your Dividend Portfolio For A Recession [Forbes]Forbes
- MarketAxess Expands Partnership With BlackRock, Enhances Offerings [Yahoo! Finance]Yahoo! Finance
- MarketAxess Announces Expanded Partnership with BlackRock to Deliver Enhanced Connectivity and Efficiency to Global Credit MarketsBusiness Wire
- MarketAxess (MKTX) Surges 6.7%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- MarketAxess (MKTX) Up 5.5% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
MKTX
Earnings
- 8/6/24 - Beat
MKTX
Sec Filings
- 9/9/24 - Form 4
- 8/16/24 - Form 4
- 8/14/24 - Form 144
- MKTX's page on the SEC website