CME Group's quarterly profit rises as high volatility spurred risk hedging

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 26 (Reuters) - CME Group Inc on Wednesday reported higher first-quarter profits, as traders turned to the exchange operator's products to hedge against market volatility amid a banking crisis and worries over slowing macroeconomic growth.


On an adjusted basis, net income for the quarter was $882 million, or $2.42 per share, compared with $766 million, or $2.11 per share a year earlier.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Krishna Chandra Eluri)

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