Interactive Brokers Group Inc Stock Price, News & Analysis

Interactive Brokers Group (Nasdaq: IBKR) announces that Chairman Thomas Peterffy will present at the Piper Sandler Global Exchange & FinTech Conference on June 9 at 8:00 a.m. ET. The presentation will be available via live webcast on the company's website, and a replay will follow. Interactive Brokers provides automated trade execution and custody of diverse financial instruments across over 135 markets globally. The firm emphasizes technology and automation to deliver superior execution prices and investment tools, having received a top ranking from Barron’s as the best online broker.

Interactive Brokers Group (Nasdaq: IBKR) reported robust performance metrics for May. The company achieved 2.250 million Daily Average Revenue Trades (DARTs), up 37% year-over-year. Ending client equity rose to $348.3 billion, an 83% increase from last year. Additionally, client margin loan balances surged to $45.8 billion, up 97% year-over-year. The number of client accounts reached 1.39 million, marking a 65% increase compared to last year.

Interactive Brokers Group (Nasdaq: IBKR) has launched US GOLD, allowing U.S. clients to trade spot gold starting from one ounce alongside other asset classes. This addition aims to provide clients with direct access to gold amidst inflation concerns. Transactions feature low commissions ranging from 0.7 bps to 1.5 bps, starting at $2.00. Additionally, clients can request physical delivery of gold and silver futures from May 17. The firm emphasizes its low-cost services, advanced technology, and a diverse product offering for both individual and institutional investors.

Interactive Brokers Group reported its April performance metrics, highlighting a 27% year-over-year increase in Daily Average Revenue Trades (DARTs) to 2.181 million. Client equity reached $344.4 billion, up 92% from last year, and margin loan balances surged 118% to $45.0 billion. Client accounts grew by 69% to 1.36 million. However, DARTs fell 27% from the previous month. The average commission per cleared order was $2.39, showing the company's operational cost efficiency.

Interactive Brokers Group (Nasdaq: IBKR) announces the appointment of Michael McClain as Director of Client Operations, North America. He will report to CEO Milan Galik and focus on enhancing client services amid the company’s rapid growth. McClain succeeds retiring Andy Naughton, who contributed significantly to the firm’s expansion over 15 years. With a strong background in finance, including roles at DTCC and OCC, McClain aims to elevate the client experience for both professional and casual investors.

Interactive Brokers Group reported a strong financial performance for Q1 2021, with diluted earnings per share of $1.16, up from $0.60 in Q1 2020. Net revenues reached $893 million, a significant increase from $532 million the previous year. Commission revenue grew 53% to $413 million, driven by higher trading volumes, while net interest income rose 19% to $49 million. The company declared a quarterly dividend of $0.10 per share, payable on June 14, 2021. Customer accounts increased 74% to 1.33 million, and customer equity grew 106% to $330.6 billion, reflecting strong growth in the trading environment.

Interactive Brokers Group, Inc. (Nasdaq: IBKR) will release its first quarter financial results on April 20, 2021, at approximately 4:00 pm (ET). Following the release, a conference call is scheduled for 4:30 pm (ET) to discuss the results. Interested participants can join by dialing 877-324-1965 for U.S. callers or 631-291-4512 for international callers. The call will also be available via audio webcast on the company's Investor Relations website, www.interactivebrokers.com/ir.

Interactive Brokers Group (Nasdaq: IBKR) reported robust electronic brokerage performance for March, showcasing a 53% year-over-year increase in Daily Average Revenue Trades (DARTs) to 2,998 thousand, despite a 19% month-to-month decline. The client equity rose to $330.6 billion, up 106% year-over-year. Client margin loan balances reached $42.2 billion, up 113% year-over-year. The average commission per cleared order was $2.22. However, a slight loss of $0.1 million was noted in their U.S. government securities portfolio for the quarter ended March 31, 2023.

Interactive Brokers Group (Nasdaq: IBKR) reported significant growth in its February metrics. Daily Average Revenue Trades (DARTs) reached 3,695K, up 175% year-over-year and 12% month-over-month. Ending client equity soared to $329.9 billion, reflecting a 94% increase from the prior year. Client margin loan balances grew to $42.1 billion, a 46% rise year-over-year. Additionally, client accounts increased to 1,265K, a 76% year-over-year rise. The average commission per cleared order was $2.30, and trade execution costs for IBKR PRO clients were about 4.6 basis points of trade money.