Two Financial Stocks Are Just So Hot Right Now: Berkshire Hathaway Inc. (BRK-B), Intercontinental Exchange, Inc. (ICE)

Berkshire Hathaway Inc. (BRK-B) ended last trading session with a change of 0.23 percent. It trades at an average volume of 3.5M shares versus 3.3M shares recorded at the end of last trading session. The share price of $175.39 is at a distance of 28.35 percent from its 52-week low and down -1.39 percent versus its peak. The company has a market cap of $432.68B and currently has 2.47B shares outstanding. The share price is currently 2.38 percent versus its SMA20, 5.59 percent versus its SMA50, and 14.76 percent versus its SMA200. The stock has a weekly performance of -0.01 percent and is 7.61 percent year-to-date as of the recent close.

Dec. 28, 2016 — Berkshire Hathaway Inc. (BRK-B) Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Snappy Co. (Snappy), a portfolio company of Blue Wolf Capital Partners, to M&M Manufacturing, a subsidiary of MiTek Industries, which is owned by Berkshire Hathaway (BRK-A). BGL’s Industrials and Building Products team served as the exclusive financial advisor to Snappy in the transaction.

Intercontinental Exchange, Inc. (ICE) recently recorded 0.23 percent change and currently at $60.4 is 32.87 percent away from its 52-week low and down -0.76 percent versus its peak. It has a past 5-day performance of 2.34 percent and trades at an average volume of 2.76M shares. The stock has a 1-month performance of 4.9 percent and is 7.05 percent year-to-date as of the recent close. There were about 593.37M shares outstanding which made its market cap $35.84B. The share price is currently 3.08 percent versus its SMA20, 4.34 percent versus its SMA50, and 9.63 percent versus its SMA200.

March 6, 2017 — Intercontinental Exchange, Inc. (ICE) notes today’s ruling by the Competition Appeal Tribunal (CAT) with respect to ICE’s appeal against the Competition and Market Authority (CMA) prohibition decision in connection with the acquisition of Trayport.

We are gratified by today’s ruling by the CAT reversing the CMA’s decision that the agreement between ICE and Trayport should be terminated, and remitting this issue to the CMA for further consideration. We are hopeful that the CMA will recognize the merits of customers gaining access to additional Trayport connectivity and greater access to relevant markets through the agreement.

We are disappointed by the CAT’s ruling on the other aspects of our appeal, having presented a compelling challenge to the CMA’s decision ordering ICE to divest Trayport. We will review the CAT’s judgment and consider our options, including the possibility of a further appeal to the Court of Appeal.