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CME Group grows earnings in Q2 on higher average daily volume

CME GroupInc. reported second-quarter net income of $415.8 million, or $1.22per common share, up from $320.1 million, or 95 cents per common share, in theyear-ago period.

Adjusted net income came in at $418.9 million, or $1.23 percommon share, versus $387.3 million, or $1.14 per common share, in the 2016second quarter.

The S&P Capital IQ consensus normalized EPS estimate forthe quarter was $1.21.

Total revenues for the quarter climbed to $924.6 millionfrom $906.4 million in the year-ago quarter. Clearing and transaction fees roseto $792.0 million from $767.6 million. Market data and information servicesrevenues were $96.1 million, compared to $102.9 million.

Average daily volume in the quarter was 16.5 millioncontracts, up 9% from 15.1 million contracts in the second quarter of 2016. Thecompany saw double-digit increases in its interest rate and energy productlines, and high volumes in metals, Chairman and CEO Terry Duffy said in astatement.