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Investors looking for stocks in the Financial - Investment Bank sector might want to consider either Nomura Holdings (NMR - Free Report) or MarketAxess (MKTX - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Right now, Nomura Holdings is sporting a Zacks Rank of #2 (Buy), while MarketAxess has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that NMR likely has seen a stronger improvement to its earnings outlook than MKTX has recently. However, value investors will care about much more than just this.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

NMR currently has a forward P/E ratio of 12.19, while MKTX has a forward P/E of 14.31. We also note that NMR has a PEG ratio of 2.80. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MKTX currently has a PEG ratio of 3.08.

Another notable valuation metric for NMR is its P/B ratio of 1.12. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, MKTX has a P/B of 3.39.

These are just a few of the metrics contributing to NMR's Value grade of A and MKTX's Value grade of C.

NMR has seen stronger estimate revision activity and sports more attractive valuation metrics than MKTX, so it seems like value investors will conclude that NMR is the superior option right now.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MKTX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for June 2026 and second quarter 2026 ended June 30, 2026.1 Trading Records for Second Quarter 2026 Total portfolio trading ADV U.S. high-grade portfolio trading ADV U.S. high-yield portfolio trading ADV Municipal bonds portfolio trading ADV Mid-X ADV Se.

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New data solution enhances usability, transparency and decision-making amid UK and EU transparency reforms

LONDON--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX) today announced the launch of TraX® Tape, a data solution that delivers a clean, consolidated view of bond market activity, enriched with additional context and real-time insights.

Built on MarketAxess TraX data, TraX Tape aggregates data from a global network of dealers and clients and applies proprietary data cleansing processes refined over 10 years.

Share The launch comes as UK and EU transparency reforms increase the availability of bond trading data while adding complexity to how that data is reported and interpreted. TraX Tape addresses these challenges by providing a single, standardised feed that consolidates and enhances market data, enabling clients to interpret trading activity more efficiently and with greater confidence.

“Market participants have more data than ever but turning that data into actionable insight remains a challenge,” said Dean Berry, Group COO and CEO of EMEA & APAC at MarketAxess. “TraX Tape is designed to deliver a clearer and more complete view of market activity, helping clients make more informed trading decisions.”

Built on MarketAxess TraX data, TraX Tape aggregates data from a global network of dealers and clients and applies proprietary data cleansing processes refined over 10 years. The solution then enriches the regulatory transparency data with additional real-time insights and analytics, including trade direction and pricing context from MarketAxess’ AI-powered pricing engine CP+™.

Key features include:

Directional indicators on each trade, providing clearer insight into market sentiment A consolidated view of global bond trading activity through a single connection Clean, de-duplicated data to improve usability and reduce operational burden Expanded coverage and earlier visibility into trading activity Integrated analytics, including yield and spread calculations, to support trading and execution analysis “The consolidated tape will bring increased transparency and standardisation to global bond markets,” Berry added. “TraX Tape builds upon that foundation and brings clarity with contextual intelligence that can only come from seeing how bonds actually trade on one of the world’s largest electronic credit platforms. The data tells you what happened, and TraX Tape tells you what it means.”

About MarketAxess

MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income and other markets. Approximately 2,100 firms leverage MarketAxess’ patented technology to efficiently trade fixed-income securities. Our automated and algorithmic trading solutions, combined with our integrated and actionable data offerings, help our clients make faster, better-informed decisions on when and how to trade on our platform. MarketAxess’ award-winning Open Trading® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at www.marketaxess.com and on X @MarketAxess.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including statements about the outlook and prospects for MarketAxess Holdings Inc. (the “Company” or “MarketAxess”), market conditions and industry growth, as well as statements about the Company’s future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess’ current expectations. The Company’s actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: global economic, political and market factors; the level of trading volume transacted on the MarketAxess platform; the rapidly evolving nature of the electronic financial services industry; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; our ability to introduce new fee plans and our clients’ response; our ability to attract clients or adapt our technology and marketing strategy to new markets; risks related to our growing international operations; our dependence on our broker-dealer clients; the loss of any of our significant institutional investor clients; our exposure to risks resulting from non-performance by counterparties to transactions executed between our clients in which we act as an intermediary in matched principal trades; risks related to self-clearing; our dependence on third-party suppliers for key products and services; our ability to enter into strategic alliances and to acquire other businesses and successfully integrate them with our business; our dependence on our management team and our ability to attract and retain talent; risks related to sanctions levied against states or individuals that could expose us to operational or regulatory risks; the effects of climate change or other sustainability risks that could affect our operations or reputation; the effect of rapid market or technological changes on us and the users of our technology; issues related to the development and use of artificial intelligence; our ability to successfully maintain the integrity of our trading platform and our response to system failures, capacity constraints and business interruptions; the occurrence of design defects, errors, failures or delays with our platforms, products or services; our vulnerability to malicious cyber-attacks and attempted cybersecurity breaches; our actual or perceived failure to comply with privacy and data protection laws; our ability to protect our intellectual property rights or technology and defend against intellectual property infringement or other claims; our use of open-source software; limitations on our flexibility because we operate in a highly regulated industry; the increasing government regulation of us and our clients; our exposure to costs and penalties related to our extensive regulation; our risks of litigation and securities laws liability; our tax filing positions; our future capital needs and our ability to obtain capital when needed; limitations on our operating flexibility contained in our credit agreement; our exposure to financial institutions by holding cash in excess of federally insured limits; and other factors. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. More information about these and other factors affecting MarketAxess’ business and prospects is contained in MarketAxess’ periodic filings with the Securities and Exchange Commission and can be accessed at www.marketaxess.com.

More News From MarketAxess Holdings Inc.

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NEW YORK--(BUSINESS WIRE)-- #fixedincome--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and Moment, the AI platform for investment management, today announced the launch of a new interface that gives large wealth managers and registered investment advisors (RIAs) streamlined access to MarketAxess's institutional liquidity and pricing directly on the Moment platform. Moment's clients will now have access to liquidity from MarketAxes.

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the first quarter ended March 31, 2026. 1Q26 select financial and operational highlights* Record total revenues of $233.4 million increased 12%, and included an increase of approximately $3.4 million from the impact of foreign currency fluctuations. — 12% growth in total commission revenue to record $203 mil.

For the quarter ended March 2026, MarketAxess (MKTX - Free Report) reported revenue of $233.38 million, up 11.9% over the same period last year. EPS came in at $2.25, compared to $1.87 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $231.24 million, representing a surprise of +0.93%. The company delivered an EPS surprise of +4.7%, with the consensus EPS estimate being $2.15.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how MarketAxess performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Average Variable Transaction Fee Per Million - Credit: $132.00 versus $132.86 estimated by five analysts on average.Average Daily Volume - Total: $49.8 billion versus $49.37 billion estimated by five analysts on average.Average Daily Volume - Total credit trading: $18.63 billion versus the five-analyst average estimate of $18.04 billion.Average Daily Volume - Total rates trading: $31.17 billion versus $31.32 billion estimated by five analysts on average.Revenues- Information services: $14.45 million versus $13.85 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.9% change.Revenues- Post-trade services: $11.61 million compared to the $11.56 million average estimate based on five analysts. The reported number represents a change of +4.7% year over year.Revenues- Technology services: $3.86 million versus $3.57 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +19% change.Revenues- Commissions: $203.47 million compared to the $202.07 million average estimate based on five analysts. The reported number represents a change of +12.2% year over year.Revenues- Commissions- Total variable transaction fees- Other: $10.7 million versus the four-analyst average estimate of $9.42 million.Revenues- Commissions- Total variable transaction fees: $169.97 million compared to the $168.23 million average estimate based on four analysts. The reported number represents a change of +14.9% year over year.Revenues- Commissions- Total variable transaction fees- Credit: $150.35 million compared to the $149.66 million average estimate based on four analysts. The reported number represents a change of +10.7% year over year.Revenues- Commissions- Total fixed distribution fees: $33.51 million compared to the $33.41 million average estimate based on four analysts. The reported number represents a change of +0.5% year over year.View all Key Company Metrics for MarketAxess here>>>

Shares of MarketAxess have returned -15.8% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

MarketAxess NASDAQ: MKTX reported record first-quarter 2026 results, driven by higher trading activity, continued growth in international products, and expanding adoption of newer trading protocols and automation tools.

Investors interested in stocks from the Financial - Investment Bank sector have probably already heard of The Charles Schwab Corporation (SCHW - Free Report) and MarketAxess (MKTX - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Currently, The Charles Schwab Corporation has a Zacks Rank of #2 (Buy), while MarketAxess has a Zacks Rank of #3 (Hold). This means that SCHW's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, value investors will care about much more than just this.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.

SCHW currently has a forward P/E ratio of 15.06, while MKTX has a forward P/E of 17.56. We also note that SCHW has a PEG ratio of 0.64. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MKTX currently has a PEG ratio of 2.72.

Another notable valuation metric for SCHW is its P/B ratio of 3.76. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, MKTX has a P/B of 4.19.

Based on these metrics and many more, SCHW holds a Value grade of B, while MKTX has a Value grade of D.

SCHW sticks out from MKTX in both our Zacks Rank and Style Scores models, so value investors will likely feel that SCHW is the better option right now.

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that it will be participating in the following upcoming investor conferences: Chris Concannon, Chief Executive Officer, will participate in a fireside chat at the Piper Sandler Global Exchange & FinTech Conference at 11:00 a.m. ET on June 4, 2026. Chris Concannon and Ilene Fiszel Bieler, Chief Financial Officer, will particip.

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for May 2026.1 Select May 2026 Highlights* (See tables 1-1C and table 2) Trading volumes across most products, as well as U.S. high-grade estimated market share, rebounded in May from April levels. U.S. high-grade estimated market share increased approxi.

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Headquartered in New York, MarketAxess (MKTX - Free Report) is a Finance stock that has seen a price change of -33.45% so far this year. The operator of bond trading platforms is paying out a dividend of $0.78 per share at the moment, with a dividend yield of 2.59% compared to the Financial - Investment Bank industry's yield of 0.96% and the S&P 500's yield of 1.44%.

Looking at dividend growth, the company's current annualized dividend of $3.12 is up 2.6% from last year. Over the last 5 years, MarketAxess has increased its dividend 5 times on a year-over-year basis for an average annual increase of 4.44%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. MarketAxess's current payout ratio is 40%, meaning it paid out 40% of its trailing 12-month EPS as dividend.

Earnings growth looks solid for MKTX for this fiscal year. The Zacks Consensus Estimate for 2026 is $8.04 per share, representing a year-over-year earnings growth rate of 8.80%.

From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.

Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, MKTX is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).

MarketAxess Holdings Inc. (MKTX) Presents at Morgan Stanley US Financials Conference 2026 Transcript