Interactive Brokers Group Inc Stock Price, News & Analysis

Interactive Brokers Group (Nasdaq: IBKR) reported its July performance metrics, revealing a decline in Daily Average Revenue Trades (DARTs) to 1.823 million, down 23% year-over-year and 10% month-over-month. Client equity stood at $314.4 billion, 10% lower than the prior year but up 7% from the previous month. Margin loan balances decreased by 12% year-over-year to $42.2 billion. In contrast, client credit balances rose 15% year-over-year to $94.3 billion. The firm also reported 1.95 million client accounts, a 34% increase from last year.

Interactive Brokers Group, Inc. (Nasdaq: IBKR) reported a GAAP diluted EPS of $0.72 and adjusted EPS of $0.84 for Q2 2022, down from $1.00 and $0.82, respectively, year-over-year. Net revenues were $656 million, a decrease from $754 million in the previous year. Notably, commission revenue rose 5% to $322 million, while net interest income surged 27% to $348 million. However, a significant loss in other income totaling $57 million impacted overall earnings. Total equity stands at $10.6 billion, with a declared quarterly dividend of $0.10 per share. Customer accounts increased by 36% to 1.92 million.

Interactive Brokers Group (NASDAQ: IBKR) will announce its Q2 financial results on July 19, 2022, at approximately 4:00 PM ET. A conference call to discuss the results will follow at 4:30 PM ET. Interested parties can register for the conference call here. This will be accessible via audio webcast on the Interactive Brokers website at www.interactivebrokers.com/ir.

Interactive Brokers Group (Nasdaq: IBKR) reported June's performance metrics with significant declines in key trading metrics. Daily Average Revenue Trades (DARTs) fell by 18% year-over-year to 2.019 million, while ending client equity of $294.8 billion decreased 19% from the previous year. Client margin loan balances also dropped by 13%. Conversely, client credit balances increased by 13% to $92.5 billion. The company marked a loss of $6.9 million on U.S. government securities in the quarter. Client accounts rose by 36% to 1.92 million, indicating growth in user base.

Interactive Brokers Group (Nasdaq: IBKR) reported its May performance metrics, highlighting a 2% year-over-year increase in Daily Average Revenue Trades (DARTs) at 2.297 million. However, ending client equity was 10% lower year-over-year at $314.6 billion, mainly due to an omnibus broker switching to a trust company for custody. Client margin loan balances fell 3% to $44.2 billion, while credit balances rose 14% to $91.8 billion, indicating robust client activity. Additionally, client accounts surged 36% year-over-year to 1.89 million.

Interactive Brokers Group (NASDAQ: IBKR) has announced that Chairman Thomas Peterffy will deliver a keynote address at the Piper Sandler Global Exchange & FinTech Conference on June 8 at 8:00 a.m. ET. Investors and interested parties can access the live webcast on the company's website, interactivebrokers.com/ir. A replay will also be available after the event. Interactive Brokers provides advanced automated trading services worldwide, earning a 5-star ranking for the fifth consecutive year in Barron's Best Online Brokers Review.

Interactive Brokers has launched fractional shares trading for European stocks and ETFs, expanding its successful U.S. offering. Clients can now buy and sell fractional shares with no minimum for European stocks and can invest in U.S. shares for as little as USD 1.00. This feature allows investors to utilize small cash balances effectively, fostering diversified portfolios. Fractional shares will be available on all trading platforms, targeting stocks with specific trading volumes and market caps. This move enhances affordability and accessibility for international investors.

Interactive Brokers has introduced a new Carbon Offsets tool for clients in Western Europe, Hong Kong, and Singapore. This feature, available through the IMPACT mobile app, allows investors to offset their carbon emissions by selecting from various activities or entering specific amounts. The tool is designed to promote sustainability and environmental awareness among investors. Interactive Brokers collaborated with Sustain.Life for emissions data, enabling users to manage their carbon footprint effectively.

Interactive Brokers Group (Nasdaq: IBKR) reported April's performance metrics, showing 2.204 million Daily Average Revenue Trades (DARTs), a 1% increase year-over-year but a 10% decrease month-over-month. Client equity stood at $324.5 billion, down 6% from last year and 9% from March. However, client margin loan balances rose to $46.8 billion, a 4% annual increase, with credit balances at $91.2 billion, an 11% increase year-over-year. The company now has 1.85 million client accounts, reflecting a 36% annual growth.