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CIBC Cuts Cboe Stake Amid Mixed Earnings Outlook

2/22/2025

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Summary

Story summary

CIBC Asset Management cut its Cboe Global Markets stake by 56.7% in Q4, now holding 15,029 shares worth $2.94 million.
Cboe's stock increased by 1.0% to $210.93, with a market capitalization of $22.08 billion.
Analysts maintain a "Hold" rating, citing mixed earnings and a projected EPS of $8.96 for 2025.
The company faces challenges from rising expenses, competition, and regulatory pressures.
Cboe, headquartered in Chicago, operates a significant financial options trading platform.

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Story summary

CIBC Asset Management cut its Cboe Global Markets stake by 56.7% in Q4, now holding 15,029 shares worth $2.94 million.
Cboe's stock increased by 1.0% to $210.93, with a market capitalization of $22.08 billion.
Analysts maintain a "Hold" rating, citing mixed earnings and a projected EPS of $8.96 for 2025.
The company faces challenges from rising expenses, competition, and regulatory pressures.
Cboe, headquartered in Chicago, operates a significant financial options trading platform.