MarketAxess beats profit expectations as market volatility drives record trading (Reuters) -Bond trading platform MarketAxess beat Wall Street estimates for second-quarter profit on Wednesday, as heightened market volatility sparked record trading results. WHY IT’S IMPORTANT Shifts in U.S. trade policy under President Donald Trump and changing expectations for Federal Reserve rate cuts have roiled bond markets, spurring investors to reposition portfolios amid rising recession fears. MarketAxess’ results offer an insight into the bond market, widely viewed as a more reliable indicator of recession than the stock market. CONTEXTMounting recession fears have sparked greater bond trading volumes as investors aggressively rejig their portfolios to hedge risks. The New York-based firm expects continued market volatility and bets on its recent product enhancements like new portfolio and block trading capabilities to strengthen its share of the U.S. credit market in coming quarters. KEY QUOTE "Our new initiatives, along with a supportive market environment, contribute to record revenue and ADV (average daily volume) across most products and regions during the quarter," said MarketAxess CEO Chris Concannon. BY THE NUMBERS On an adjusted basis, MarketAxess earned $2 per share in the three months ended June 30, beating Wall Street expectations of $1.96, according to data compiled by LSEG data. Credit products, which generate about 90% of MarketAxess’ revenue, posted a 22% rise in ADV to a record $16.80 billion, driven by strong trading activity across U.S. credit, emerging markets, and eurobonds. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if MKTX is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

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Marston’s on track to meet profit expectations, capex to hit £60 million Investing.com -- Marston’s PLC (LON:MARS) said on Tuesday it remains on track to meet full-year market expectations. The company’s management expressed confidence in delivering full-year profit before tax in line with market expectations. Marston’s also indicated that its capital expenditure is expected to total £60 million for the full year. The trading update covered the company’s performance over the 41-week period ending July 12, 2025. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Elon Musk Says This Ahead Of Tesla Earnings, Even As Profit Expectations Keep Falling - Investor's Business Daily Elon Musk Says This Ahead Of Tesla Earnings, Even As Profit Expectations Keep Falling  Investor's Business Daily

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American Express surpasses profit expectations on robust spending (Fixes instrument code for the S&P 500 in paragraph 8) (Reuters) -American Express exceeded estimates for second-quarter profit on Friday, fueled by resilient spending by its affluent cardholders. The beat underscores how the credit card giant’s focus on wealthy customers has helped insulate it from the effects of waning consumer confidence, which is more pronounced among lower-income households. While not representative of the broader economy, AmEx’s numbers offer valuable insight into evolving trends around travel and discretionary spending, especially among the most creditworthy borrowers. Big banks said earlier this week that consumers remain in good financial shape despite high borrowing costs, trade policy uncertainty and a job market where companies are increasingly cautious about hiring. Excluding one-time items, AmEx earned $4.08 per share for the three months ended June 30, compared with the $3.89 per share analysts were expecting. Total revenue rose 9% to $17.9 billion. Still, the New York-based company boosted its provisions for credit losses to $1.4 billion from $1.3 billion a year earlier. Its shares have gained 6.3% so far this year, compared with a 7% jump in the benchmark S&P 500 index. Competition in the high-end credit card space is heating up. Citigroup (NYSE:C) said on Tuesday it will launch a new premium credit card, Citi Strata Elite, later this quarter to boost its appeal among affluent customers. "We are confident in our ability to sustain our leadership in the premium space," CEO Stephen Squeri said. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios fueled by AI stock picks with a stellar performance this year... In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if C is on your watchlist, it could be very wise to know whether or not it made the ProPicks AI lists.

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