Nasdaq Reports Strong Earnings From Heavy Trading Volumes. Is This Sustainable?
While the past year has been tough on the financial sector, not all financials have suffered. While banks and real estate investment trusts (REITs) were dealt a tough hand, the exchanges -- particularly Nasdaq (NASDAQ: NDAQ) -- benefited from the increased volatility.
But if high volatility helps when the market is anxious and trading activity is high, low volatility can hurt when things settle down. So Nasdaq has been taking steps to reduce its exposure to volatility by building ancillary businesses, and it made a splashy acquisition at the end of 2020 by acquiring Verafin, a company that detects financial fraud. Does that make it a buy today? Let's dig into its latest earnings and see.
Source Fool.com
