NASDAQ Reports Huge Jump in Earnings Per Share Based on Market Volatility
While the COVID-19 pandemic has been rough for financial stocks in general, a few financials have managed to do well during the madness. Crises generally mean market volatility, which drives trading volumes. The exchange stocks are a good sector to focus on during crises since they have limited credit risk, at least compared to real estate investment trusts (REITs) and banks. Nasdaq (NASDAQ: NDAQ) recently reported strong second-quarter numbers, which were driven by the volatility in the market.
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Nasdaq is a global technology company that operates the Nasdaq exchanges, the Swedish OMX stock exchange, and several others. Nasdaq exchanges trade stocks, options, exchange-traded funds, and longer-term equity linked derivatives. The company has four main lines of business -- market services, corporate services, information services, and market technology. Market services involves the exchanges and trading/clearing revenue. Corporate services provides outsourced investor relations services and corporate governance services. Information services provides market data to consumers, professional investors, and the media. Finally, the market technology segment provides infrastructure services to clearing firms, exchanges, regulators, banks, and brokers.
Source Fool.com
