Interactive Brokers Group Inc Stock Price, News & Analysis

Interactive Brokers Group (Nasdaq: IBKR) reported strong December performance metrics. Daily Average Revenue Trades (DARTs) reached 2,301 thousand, a 198% increase year-over-year. Ending client equity climbed to $288.6 billion, marking a 66% rise. Client margin loan balances increased by 26% to $39.0 billion. Client credit balances also surged 34% to $77.7 billion. Additionally, 1,073 thousand client accounts were noted, a 56% increase year-over-year. Average commission per cleared order was $2.42. The overall trading environment remains robust with a slight loss in government securities impacting quarterly results.

Interactive Brokers Group (Nasdaq: IBKR) has received authorization from the Central Bank of Ireland for Interactive Brokers Ireland Limited, reflecting its continued expansion in Europe. The firm plans to significantly increase its staffing over the next year due to a 52% rise in client accounts. With recent offices launched in Singapore and Hungary, Interactive Brokers now operates 11 global entities, serving over one million client accounts across 220 countries. The company boasts over $8.9 billion in equity capital and is recognized for its advanced technology and low-cost brokerage services.

Interactive Brokers (Nasdaq: IBKR) has launched Interactive Brokers Central Europe Zrt. (IBCE) in Budapest, enhancing its global presence. This new office reflects the firm's commitment to expanding in Europe, where over a quarter of its accounts originate. As of November 30, client accounts increased by 52% year-over-year, primarily driven by international growth. With over $8.5 billion in equity capital and $23 billion market capital, IBKR continues to provide competitive trading and educational resources globally.

Interactive Brokers Group (Nasdaq: IBKR) announced its agreement to acquire the self-directed retail brokerage segment of Folio Investments Inc., following Goldman Sachs' acquisition of Folio Financial. The deal, set to close in January 2021, will integrate approximately 70,000 Folio customers into Interactive Brokers, boosting client accounts to 1.037 million and client equity to $268.7 billion, a 61% increase year-over-year. The acquisition is projected to add around $3 billion in client equity, enhancing services and providing access to global investment opportunities.

Interactive Brokers Group, Inc. (Nasdaq: IBKR) announces that its Chairman, Thomas Peterffy, will present at the Goldman Sachs US Financial Services Conference on December 8th at 11:20 a.m. ET. Investors can access the live webcast through the company's website, www.interactivebrokers.com/ir, with a replay available afterward.

Interactive Brokers specializes in automated trade execution and custody across over 135 markets, focusing on technology and low-cost solutions for clients including individual investors and hedge funds. In Barron’s February 2020 review, they ranked Interactive Brokers as the top online broker.

Interactive Brokers Group (Nasdaq: IBKR) reported impressive monthly performance metrics for November. Key highlights include:

• 2,290K Daily Average Revenue Trades (DARTs), up 179% year-over-year and 30% month-over-month.
• Client Equity reached $268.7 billion, reflecting a 61% increase from last year and a 16% increase from October.
• Client Margin Loan Balances totaled $33.0 billion, up 22% year-over-year.
• Client accounts grew to 1,037K, a 52% increase from last year.

Interactive Brokers Group (Nasdaq: IBKR) reported strong October 2023 performance metrics, with 1,762 thousand Daily Average Revenue Trades (DARTs), marking a 121% increase from last year, though down 10% from September. Client equity reached $232.6 billion, up 43% year-over-year. Client margin loan balances rose 25% to $31.7 billion, and credit balances were 26% higher at $71.5 billion. Additionally, client accounts increased by 50% to 1,008 thousand. The average commission per cleared order was $2.49.

Interactive Brokers Group (Nasdaq: IBKR) launched its innovative Impact Dashboard, a free tool enabling clients to align their investments with personal values. This development comes amid a surge in interest for ESG investing, with projected assets exceeding $53 trillion by 2022. The dashboard allows users to evaluate their portfolios across 13 impact values and to exclude investments from 10 controversial categories. Available on various platforms, this initiative reinforces Interactive Brokers' commitment to sustainable investing, expanding its suite of offerings in the sector.

Interactive Brokers Group reported diluted earnings per share of $0.58 for Q3 2020, up from $0.45 in Q3 2019. Net revenues reached $548 million, compared to $466 million last year. However, adjusted net revenues declined to $518 million from $525 million year-over-year. Commission revenue surged by 49% to $92 million due to increased trading volume, but net interest income fell by 33% to $192 million. The company declared a $0.10 dividend per share, payable December 14, 2020.