Interactive Brokers Group Inc Stock Price, News & Analysis

Interactive Brokers Group reported August metrics indicating a decline in Daily Average Revenue Trades (DARTs), with 1.968 million trades, down 9% year-over-year but up 8% from the prior month. Client equity reached $310.1 billion, a 15% decrease from the previous year. Conversely, ending client credit balances improved by 13% year-over-year to $95.9 billion. The firm also noted a 33% increase in client accounts, totaling 1.99 million. Average commissions per cleared order stood at $2.87.

Interactive Brokers Group (NASDAQ: IBKR) announces that Chairman Thomas Peterffy will present at the Barclays Global Financial Services Conference on September 12 at 9:45 a.m. ET. The presentation will be available via a live webcast on the company's website, and participants should log in 10 minutes early. A replay will also be provided. Interactive Brokers specializes in automated trade execution and custody services across 150 markets globally, serving individual investors and institutions. The firm ranked #1 in Barron’s Best Online Brokers Review, receiving 5 out of 5 stars.

Interactive Brokers has launched 24/7 crypto trading through a new web application via Paxos Trust Company, allowing clients to trade Bitcoin, Ethereum, Litecoin, and Bitcoin Cash at any time. Customers can pre-fund accounts during US banking hours and enjoy low commissions between 0.12% to 0.18%, plus a $1.75 minimum per order, with no additional custody fees. The service is available to US residents and international clients in over 100 countries, integrating crypto trading with other asset types on a unified platform.

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.