Virtu:
Q1: Adjusted net trading income $340mil
Q4: Adjusted net trading income $292mil (mid point) --> 14% lager
Flow traders:
Q1: Adjusted net trading income €213mil, EPS €2,36
Q2: NTI: €54mil ; EPS: €0,37
Q3: NTI: €42mil ; EPS: €0,18
Q4: Expected: NTI: €213mil *0,86= €183mil ; EPS €2,03
Expected total EPS: €4,94
Expected dividend: 0,7*4,94= €3,46 (slotdividend €2,11)
Expected P/E: 6,07
Expected div rendement: 11,5%
Ziet er mooi uit!