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5 / 10Stock Comparison
TRST vs ICE vs FIS vs CME vs CBOE
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Data & Stock Exchanges
Information Technology Services
Financial - Data & Stock Exchanges
Financial - Data & Stock Exchanges
TRST vs ICE vs FIS vs CME vs CBOE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Banks - Regional | Financial - Data & Stock Exchanges | Information Technology Services | Financial - Data & Stock Exchanges | Financial - Data & Stock Exchanges |
| Market Cap | $858M | $88.45B | $24.47B | $104.07B | $35.47B |
| Revenue (TTM) | $278M | $12.64B | $10.89B | $6.52B | $4.71B |
| Net Income (TTM) | $61M | $3.30B | $382M | $4.24B | $1.10B |
| Gross Margin | 67.1% | 61.9% | 38.1% | 86.1% | 48.9% |
| Operating Margin | 29.2% | 38.7% | 17.5% | 64.9% | 32.1% |
| Forward P/E | 16.9x | 19.5x | 7.5x | 23.5x | 27.0x |
| Total Debt | $193M | $20.28B | $4.01B | $3.76B | $1.68B |
| Cash & Equiv. | $51M | $837M | $599M | $4.42B | $2.22B |
TRST vs ICE vs FIS vs CME vs CBOE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| TrustCo Bank Corp NY (TRST) | 100 | 153.7 | +53.7% |
| Intercontinental Ex… (ICE) | 100 | 160.6 | +60.6% |
| Fidelity National I… (FIS) | 100 | 34.0 | -66.0% |
| CME Group Inc. (CME) | 100 | 157.1 | +57.1% |
| Cboe Global Markets… (CBOE) | 100 | 318.1 | +218.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TRST vs ICE vs FIS vs CME vs CBOE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TRST ranks third and is worth considering specifically for bank quality.
- NIM 2.6% vs CBOE's 0.5%
- +60.3% vs FIS's -35.3%
ICE is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 14 yrs, beta 0.33, yield 1.2%
- Lower volatility, beta 0.33, Low D/E 69.9%, current ratio 1.02x
- Beta 0.33, yield 1.2%, current ratio 1.02x
- Beta 0.33 vs FIS's 0.76
FIS is the clearest fit if your priority is valuation efficiency.
- PEG 0.31 vs TRST's 4.66
- Lower P/E (7.5x vs 27.0x), PEG 0.31 vs 1.38
CME has the current edge in this matchup, primarily because of its strength in quality and dividends.
- 62.0% margin vs FIS's 3.5%
- 3.8% yield, 6-year raise streak, vs ICE's 1.2%
CBOE is the #2 pick in this set and the best alternative if growth exposure and long-term compounding is your priority.
- Rev growth 15.1%, EPS growth 44.5%
- 463.6% 10Y total return vs CME's 284.9%
- 15.1% NII/revenue growth vs FIS's 5.4%
- 12.2% ROA vs TRST's 1.0%, ROIC 17.9% vs 7.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 15.1% NII/revenue growth vs FIS's 5.4% | |
| Value | Lower P/E (7.5x vs 27.0x), PEG 0.31 vs 1.38 | |
| Quality / Margins | 62.0% margin vs FIS's 3.5% | |
| Stability / Safety | Beta 0.33 vs FIS's 0.76 | |
| Dividends | 3.8% yield, 6-year raise streak, vs ICE's 1.2% | |
| Momentum (1Y) | +60.3% vs FIS's -35.3% | |
| Efficiency (ROA) | 12.2% ROA vs TRST's 1.0%, ROIC 17.9% vs 7.2% |
TRST vs ICE vs FIS vs CME vs CBOE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TRST vs ICE vs FIS vs CME vs CBOE — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
CBOE leads in 2 of 6 categories
CME leads 1 • FIS leads 1 • TRST leads 0 • ICE leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
CME leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
ICE is the larger business by revenue, generating $12.6B annually — 45.4x TRST's $278M. CME is the more profitable business, keeping 62.0% of every revenue dollar as net income compared to FIS's 3.5%.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $278M | $12.6B | $10.9B | $6.5B | $4.7B |
| EBITDAEarnings before interest/tax | $90M | $6.5B | $3.8B | $4.7B | $1.6B |
| Net IncomeAfter-tax profit | $61M | $3.3B | $382M | $4.2B | $1.1B |
| Free Cash FlowCash after capex | $46M | $4.3B | $2.8B | $4.4B | $1.2B |
| Gross MarginGross profit ÷ Revenue | +67.1% | +61.9% | +38.1% | +86.1% | +48.9% |
| Operating MarginEBIT ÷ Revenue | +29.2% | +38.7% | +17.5% | +64.9% | +32.1% |
| Net MarginNet income ÷ Revenue | +22.0% | +26.1% | +3.5% | +62.0% | +23.3% |
| FCF MarginFCF ÷ Revenue | +16.4% | +33.9% | +26.1% | +64.3% | +24.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | +8.2% | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +44.1% | +23.1% | +92.3% | +21.4% | +59.7% |
Valuation Metrics
FIS leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 14.9x trailing earnings, TRST trades at a 76% valuation discount to FIS's 63.0x P/E. Adjusting for growth (PEG ratio), CBOE offers better value at 1.66x vs TRST's 4.11x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $858M | $88.4B | $24.5B | $104.1B | $35.5B |
| Enterprise ValueMkt cap + debt − cash | $1000M | $107.9B | $27.9B | $103.4B | $34.9B |
| Trailing P/EPrice ÷ TTM EPS | 14.90x | 27.06x | 63.00x | 25.70x | 32.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.87x | 19.48x | 7.54x | 23.49x | 27.00x |
| PEG RatioP/E ÷ EPS growth rate | 4.11x | 3.05x | 2.58x | 1.87x | 1.66x |
| EV / EBITDAEnterprise value multiple | 11.14x | 16.71x | 7.66x | 22.96x | 21.35x |
| Price / SalesMarket cap ÷ Revenue | 3.08x | 7.00x | 2.29x | 15.96x | 7.52x |
| Price / BookPrice ÷ Book value/share | 1.29x | 3.08x | 1.76x | 3.60x | 6.93x |
| Price / FCFMarket cap ÷ FCF | 18.75x | 20.62x | 9.97x | 24.82x | 30.76x |
Profitability & Efficiency
CBOE leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
CBOE delivers a 23.0% return on equity — every $100 of shareholder capital generates $23 in annual profit, vs $3 for FIS. CME carries lower financial leverage with a 0.13x debt-to-equity ratio, signaling a more conservative balance sheet compared to ICE's 0.70x. On the Piotroski fundamental quality scale (0–9), ICE scores 9/9 vs CME's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +8.9% | +11.6% | +2.7% | +15.3% | +23.0% |
| ROA (TTM)Return on assets | +1.0% | +2.3% | +1.1% | +2.2% | +12.2% |
| ROICReturn on invested capital | +7.2% | +7.5% | +6.0% | +10.2% | +17.9% |
| ROCEReturn on capital employed | +2.8% | +9.5% | +6.6% | +3.6% | +22.7% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 9 | 6 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.28x | 0.70x | 0.29x | 0.13x | 0.33x |
| Net DebtTotal debt minus cash | $142M | $19.4B | $3.4B | -$666M | -$532M |
| Cash & Equiv.Liquid assets | $51M | $837M | $599M | $4.4B | $2.2B |
| Total DebtShort + long-term debt | $193M | $20.3B | $4.0B | $3.8B | $1.7B |
| Interest CoverageEBIT ÷ Interest expense | 0.90x | 6.53x | 4.64x | 41.55x | 40.58x |
Total Returns (Dividends Reinvested)
CBOE leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CBOE five years ago would be worth $32,366 today (with dividends reinvested), compared to $3,685 for FIS. Over the past 12 months, TRST leads with a +60.3% total return vs FIS's -35.3%. The 3-year compound annual growth rate (CAGR) favors CBOE at 36.4% vs FIS's -2.2% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +18.2% | -2.1% | -27.3% | +9.1% | +36.8% |
| 1-Year ReturnPast 12 months | +60.3% | -10.4% | -35.3% | +4.6% | +45.8% |
| 3-Year ReturnCumulative with dividends | +88.2% | +50.8% | -6.6% | +71.4% | +153.6% |
| 5-Year ReturnCumulative with dividends | +46.5% | +43.4% | -63.2% | +64.5% | +223.7% |
| 10-Year ReturnCumulative with dividends | +97.2% | +225.3% | -13.2% | +284.9% | +463.6% |
| CAGR (3Y)Annualised 3-year return | +23.5% | +14.7% | -2.2% | +19.7% | +36.4% |
Risk & Volatility
Evenly matched — TRST and CME each lead in 1 of 2 comparable metrics.
Risk & Volatility
CME is the less volatile stock with a -0.30 beta — it tends to amplify market swings less than FIS's 0.76 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TRST currently trades 98.6% from its 52-week high vs FIS's 57.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.75x | 0.33x | 0.76x | -0.30x | -0.27x |
| 52-Week HighHighest price in past year | $49.11 | $189.35 | $82.74 | $329.16 | $346.48 |
| 52-Week LowLowest price in past year | $30.17 | $143.17 | $43.30 | $257.17 | $212.75 |
| % of 52W HighCurrent price vs 52-week peak | +98.6% | +82.5% | +57.1% | +87.1% | +97.7% |
| RSI (14)Momentum oscillator 0–100 | 64.5 | 38.8 | 43.3 | 44.1 | 75.2 |
| Avg Volume (50D)Average daily shares traded | 112K | 3.0M | 5.5M | 2.2M | 878K |
Analyst Outlook
Evenly matched — ICE and CME each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: TRST as "Hold", ICE as "Buy", FIS as "Buy", CME as "Hold", CBOE as "Hold". Consensus price targets imply 42.6% upside for FIS (target: $67) vs -12.6% for CBOE (target: $296). For income investors, CME offers the higher dividend yield at 3.81% vs CBOE's 0.80%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Hold | Hold |
| Price TargetConsensus 12-month target | — | $195.71 | $67.38 | $320.25 | $296.00 |
| # AnalystsCovering analysts | 3 | 36 | 37 | 35 | 31 |
| Dividend YieldAnnual dividend ÷ price | +3.1% | +1.2% | +3.5% | +3.8% | +0.8% |
| Dividend StreakConsecutive years of raises | 8 | 14 | 1 | 6 | 10 |
| Dividend / ShareAnnual DPS | $1.51 | $1.93 | $1.63 | $10.92 | $2.71 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.4% | +1.6% | 0.0% | +0.3% | +0.3% |
CBOE leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). CME leads in 1 (Income & Cash Flow). 2 tied.
TRST vs ICE vs FIS vs CME vs CBOE: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is TRST or ICE or FIS or CME or CBOE a better buy right now?
For growth investors, Cboe Global Markets, Inc.
(CBOE) is the stronger pick with 15. 1% revenue growth year-over-year, versus 5. 4% for Fidelity National Information Services, Inc. (FIS). TrustCo Bank Corp NY (TRST) offers the better valuation at 14. 9x trailing P/E (16. 9x forward), making it the more compelling value choice. Analysts rate Intercontinental Exchange, Inc. (ICE) a "Buy" — based on 36 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TRST or ICE or FIS or CME or CBOE?
On trailing P/E, TrustCo Bank Corp NY (TRST) is the cheapest at 14.
9x versus Fidelity National Information Services, Inc. at 63. 0x. On forward P/E, Fidelity National Information Services, Inc. is actually cheaper at 7. 5x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Fidelity National Information Services, Inc. wins at 0. 31x versus TrustCo Bank Corp NY's 4. 66x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — TRST or ICE or FIS or CME or CBOE?
Over the past 5 years, Cboe Global Markets, Inc.
(CBOE) delivered a total return of +223. 7%, compared to -63. 2% for Fidelity National Information Services, Inc. (FIS). Over 10 years, the gap is even starker: CBOE returned +463. 6% versus FIS's -13. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TRST or ICE or FIS or CME or CBOE?
By beta (market sensitivity over 5 years), CME Group Inc.
(CME) is the lower-risk stock at -0. 30β versus Fidelity National Information Services, Inc. 's 0. 76β — meaning FIS is approximately -349% more volatile than CME relative to the S&P 500. On balance sheet safety, CME Group Inc. (CME) carries a lower debt/equity ratio of 13% versus 70% for Intercontinental Exchange, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — TRST or ICE or FIS or CME or CBOE?
By revenue growth (latest reported year), Cboe Global Markets, Inc.
(CBOE) is pulling ahead at 15. 1% versus 5. 4% for Fidelity National Information Services, Inc. (FIS). On earnings-per-share growth, the picture is similar: Cboe Global Markets, Inc. grew EPS 44. 5% year-over-year, compared to -47. 2% for Fidelity National Information Services, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — TRST or ICE or FIS or CME or CBOE?
CME Group Inc.
(CME) is the more profitable company, earning 62. 0% net margin versus 3. 6% for Fidelity National Information Services, Inc. — meaning it keeps 62. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CME leads at 64. 9% versus 16. 5% for FIS. At the gross margin level — before operating expenses — CME leads at 86. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is TRST or ICE or FIS or CME or CBOE more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Fidelity National Information Services, Inc. (FIS) is the more undervalued stock at a PEG of 0. 31x versus TrustCo Bank Corp NY's 4. 66x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Fidelity National Information Services, Inc. (FIS) trades at 7. 5x forward P/E versus 27. 0x for Cboe Global Markets, Inc. — 19. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FIS: 42. 6% to $67. 38.
08Which pays a better dividend — TRST or ICE or FIS or CME or CBOE?
All stocks in this comparison pay dividends.
CME Group Inc. (CME) offers the highest yield at 3. 8%, versus 0. 8% for Cboe Global Markets, Inc. (CBOE).
09Is TRST or ICE or FIS or CME or CBOE better for a retirement portfolio?
For long-horizon retirement investors, Cboe Global Markets, Inc.
(CBOE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 27), 0. 8% yield, +463. 6% 10Y return). Both have compounded well over 10 years (CBOE: +463. 6%, FIS: -13. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between TRST and ICE and FIS and CME and CBOE?
These companies operate in different sectors (TRST (Financial Services) and ICE (Financial Services) and FIS (Technology) and CME (Financial Services) and CBOE (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: TRST is a small-cap deep-value stock; ICE is a mid-cap quality compounder stock; FIS is a mid-cap income-oriented stock; CME is a mid-cap income-oriented stock; CBOE is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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