Interactive Brokers Group Inc Stock Price, News & Analysis

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.

Interactive Brokers Group (Nasdaq: IBKR) reported significant growth in its January metrics. Daily Average Revenue Trades (DARTs) reached 3,295 thousand, a 223% increase year-over-year. Client equity totaled $313.4 billion, up 78%, with margin loans at $40.8 billion, a 49% rise. New client accounts surged to 1,189 thousand, increasing 69%. The average commission per cleared order was $2.44. The firm also reported a slight decrease of 0.12% in the value of its GLOBAL investments in January.

Interactive Brokers Group (Nasdaq: IBKR) has removed all trading restrictions on options for volatile stocks including AMC, GME, and others. This decision comes after recent market fluctuations, though the options and underlying stocks are now subject to increased margin requirements that may vary with market conditions. The firm emphasizes its continuous monitoring of these volatile markets to ensure compliance and risk management.

Interactive Brokers Group (Nasdaq: IBKR) has announced a liquidation only status for options trading on AMC, BB, EXPR, GME, and KOSS due to extreme market volatility. Additionally, a 100% margin is now required for long stock positions and 300% for short positions. This situation is expected to persist until exchanges and regulators take further action. The company emphasizes its commitment to monitoring market conditions closely and may adjust the list of impacted symbols as necessary.

Interactive Brokers Group reported diluted earnings per share of $0.81 for Q4 2020, an increase from $0.57 in Q4 2019. Net revenues rose to $599 million from $500 million year-over-year. Commission revenue soared 71% to $120 million due to heightened trading volumes. However, net interest income fell 22% to $222 million due to lower interest rates. Customer accounts expanded 56% to 1.07 million, and customer equity grew 66% to $288.6 billion. A quarterly dividend of $0.10 per share was declared, payable on March 12, 2021.