MarketAxess Holdings IncMarketAxess surges 39.09% after beating estimates and agreeing to be acquired by ICE.
Financial stocks declined this week as the bond market sell-off intensified, with the 30-year Treasury yield climbing to its highest recorded level in nearly two decades after the Federal Reserve held rates steady. The State Street Financial Select Sector SPDR ETF dropped 1.12% to $56.94, while Goldman Sachs fell 4.04% to $1,018.38 and Robinhood Markets slid 8.80% to $86.56 despite strong quarterly results. Among gainers, Mastercard advanced 6.20% to $573.10 on better-than-expected earnings, and European banks extended their rally following strong reports from Deutsche Bank and UBS. MarketAxess Holdings surged 39.09% to $162.30 after beating estimates and agreeing to be acquired by Intercontinental Exchange in a deal valuing its equity at approximately $6.0 billion.
MarketAxess Holdings IncMarketAxess surges 39.09% after beating estimates and agreeing to be acquired by ICE.
Deutsche Bank AktiengesellschaftStrong quarterly report from Deutsche Bank cited as driving European banks' rally.
Goldman Sachs Group IncBond sell-off and Fed holding rates steady pressure financial stocks, Goldman falls 4.04%.
UBS Group AGStrong quarterly report from UBS cited as driving European banks' rally.
Accelerant Holdings
Coastal Financial Corp
Hippo Holdings Inc
Lemonade Inc
Willis Towers Watson PLC
Robinhood Markets IncBond sell-off and Fed holding rates steady pressure financial stocks, Robinhood slides 8.80% despite strong results.
Mastercard IncMastercard advances 6.20% on better-than-expected earnings.
Banco Santander S.A.
Coinbase Global Inc
CoinShares PLC Ordinary Shares
Intercontinental Exchange IncIntercontinental Exchange agrees to acquire MarketAxess, a positive M&A deal for ICE.