Report
Michael Wong
EUR 101.80 For Business Accounts Only

Nasdaq Is Investing in Areas With More Opportunity Than Its Competitive Traditional Businesses

Nasdaq’s growth strategy is almost entirely focused on its technology and data businesses, while hopefully solidifying its listings and trading businesses. On an adjusted basis, that primarily excludes acquisition-related costs, impairments, and the effect of tax legislation changes, net income increased 11% to $688 million, or $4.06 per share, in 2017. The company finished realizing much of its expense synergies from prior acquisitions this year, which helped earnings. We don’t anticipate makin...
Underlying
Nasdaq Inc.

Nasdaq is a holding company. Nasdaq is a holding company. Through its subsidiaries, the company manages, operates and provides its products and services in business segments: Market Services, which includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing and trade management services businesses; Corporate Services, which includes listing services and corporate solutions businesses; Information Services, which includes market data, index, and investment data and analytics; and Market Technology, which provides and delivers solutions across the trade lifecycle via the Nasdaq Financial Framework.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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