While the ongoing pandemic and energy price disruption have affected most companies, Intercontinental Exchange (ICE), by contrast, has greatly benefited from this environment, as evidenced by its Q1 2020 financial report. As ICE should continue to thrive during this scenario, the company also relies on key initiatives to boost future growth. Given its privileged business outlook, I regard ICE as a core holding in the financial sector looking to outperform the broader market in any time frame going forward.
Q1 2020 Earnings Highlights And Outlook
Net revenue came in at $1.56 billion in