A report from J.P. Morgan reiterates its Overweight rating on CME Group CME.
The report states, “CME announced this evening that it has increased its existing $250mn guarantee to the SIPC trustee to $550mn in order to facilitate and accelerate the return of assets to MF Global customers. CME indicated that the guarantee will contribute to the return of $4bn of the $5.5bn of MF segregated funds. CME believes that reports of larger MF customer asset shortfalls (estimated as high as $1.2bn) are incorrect.”
CME closed yesterday at $240.57.
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