Financial Biz Recap: CME Group’s Special Dividend, Blackstone and MasterCard Earnings
CME Group Inc. (NASDAQ:CME) announced it will implement a special yearly dividend. The special dividend will be paid with it quarterly dividend which the group raised.
Investing Insights: Deutsche Bank Profits Drop 76% in 4Q.
Blackstone (NYSE:BX) met estimates for net income at 40 cents, but fees and income decreased in the quarter with profits down 12 percent. Stephen A. Schwarzman, chief executive officer for Blackstone noted despite market and economic conditions, the company had a strong 2011. The company used $16 billion from their own funds and according to Schwarzman, believes they, will yield attractive results for our investors as well as provide capital that is critical to spurring economic growth, supporting job creation and restoring confidence in our nation’s future…”
MasterCard (NYSE:MA) traded up as the company beat fourth quarter earnings per share estimates even though it missed revenue. Mastercard took a one-time charge for a pending legal situation, but earnings gave the report had a positive outlook.
Separately, Federal Reserve Chairman Ben Bernanke put qualifications on the U.S economy stating, “Risks remain that developments in Europe or elsewhere may unfold unfavorably and could worsen economic prospects here at home.”
Don’t Miss: Bernanke Defends Fed Actions From GOP Attacks.
To contact the reporter on this story: at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org