Euronext NV
ENX: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|xp | LOCK|GHJ& | LOCK|>#NR@%#& |
Euronext Earnings: Derivatives Migration on Track
Euronext posted good second-quarter results, with revenue increasing 12%, outpacing underlying operating expenses, which grew 3%. Trading revenue was strong across the board (up 21%), with fixed-income trading, currency trading, and power trading standing out positively. However, clearing also had a good quarter (up 33% on a like-for-like basis).
