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June 16, 2022, 5:51 a.m. EDT

European exchanges outperform market slump after JPMorgan note

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By Steve Goldstein

European stock exchanges rose on Thursday against a declining broader market /zigman2/quotes/210599654/delayed XX:SXXP +0.04% after a positive JPMorgan note on the sector. "European Exchanges have outperformed the broader financial sector which in our view is warranted given exchanges typically have lower market beta, increasing proportion of recurring revenues, possess high free cash flow conversion and can benefit from higher levels of market volatility," said the note. Euronext /zigman2/quotes/208368645/delayed FR:ENX -0.36% rose 3% on an upgrade to overweight from neutral, and shares in the London Stock Exchange /zigman2/quotes/206625606/delayed UK:LSEG -0.91% and Deutsche Boerse /zigman2/quotes/207461770/delayed XE:DB1 -0.89% also rose.

/zigman2/quotes/210599654/delayed
XX : STOXX
436.15
+0.17 +0.04%
Volume: 0.00
Aug. 10, 2022 12:20p
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/zigman2/quotes/208368645/delayed
FR : France: Euronext Paris
82.30
-0.30 -0.36%
Volume: 10,378
Aug. 10, 2022 12:18p
P/E Ratio
16.88
Dividend Yield
2.35%
Market Cap
€8.79 billion
Rev. per Employee
€721,030
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/zigman2/quotes/206625606/delayed
UK : U.K.: London
8,256.00 p
-76.00 -0.91%
Volume: 69,136
Aug. 10, 2022 11:20a
P/E Ratio
48.54
Dividend Yield
1.23%
Market Cap
£42.81 billion
Rev. per Employee
£316,495
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/zigman2/quotes/207461770/delayed
XE : Germany: Xetra
173.35
-1.55 -0.89%
Volume: 73,500
Aug. 10, 2022 12:20p
P/E Ratio
N/A
Dividend Yield
1.85%
Market Cap
€32.07 billion
Rev. per Employee
€471,922
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