Interactive Brokers Group Inc Stock Price, News & Analysis

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.

Interactive Brokers has appointed Jill Bright as an independent director, effective immediately. With over 30 years of experience, Bright has held significant roles at Sotheby’s, LionTree LLC, and Condé Nast. She is recognized for her expertise in human capital management and organizational effectiveness. This appointment aims to enhance the board's diversity and strengthen the company's governance. Founder and Chairman Thomas Peterffy expressed confidence in Bright's contributions, emphasizing the strategic importance of her background in HR.

Interactive Brokers Group reported GAAP diluted EPS of $0.74 for Q1 2022, down from $1.16 a year ago. Adjusted EPS was $0.82 versus $0.98 in the prior year. Net revenues fell by 28% to $645 million compared to $893 million in Q1 2021. Commission revenue decreased 15% to $349 million, while net interest income declined 8% to $282 million. Customer accounts surged 36% to 1.81 million, and customer equity rose 8% to $355.9 billion. The company declared a quarterly dividend of $0.10 per share.

Interactive Brokers Group, Inc. (IBKR) will release its first quarter financial results on April 19, 2022, at 4:00 pm ET. The announcement will be available on their website. A conference call will follow at 4:30 pm ET for discussion regarding the results. Interested parties can join the call by dialing 877-324-1965 (U.S.) or 631-291-4512 (international) approximately ten minutes prior. Additionally, the call will be accessible as an audio webcast through the Investor Relations section of the Interactive Brokers website.