IBKR Stock Recent News

Interactive Brokers Group has shown strong growth in 2024, with significant improvements in revenue, earnings, and customer accounts this week's market dip. The main challenge is the anticipated decline in net interest income due to expected rate cuts, which could reduce annual NII over $1 billion. Concurrently, IBKR's organic growth and robust balance sheet make it a solid company.

IBKR's third-quarter 2024 results improve year over year on the back of higher revenues and a rise in customer accounts. However, an increase in expenses is woe.

Interactive Brokers is growing its introducing broker business, partnering with large firms like HSBC, and offering automated trade execution and custody services. The company's automation technology lowers operating costs, enabling competitive pricing and improving operating margins, with employee expenses reduced to 12% of total revenue in FY23. Strong customer account and equity balance growth, driven by a bull market, supports a projected 20% revenue growth for the full year.

Interactive Brokers Group, Inc. (NASDAQ:IBKR ) Q3 2024 Results Conference Call October 15, 2024 4:30 PM ET Company Participants Nancy Stuebe - Director of Investor Relations Thomas Peterffy - Founder and Chairman Milan Galik - President and Chief Executive Officer Paul Brody - Chief Financial Officer Conference Call Participants Patrick Moley - Piper Sandler James Yaro - Goldman Sachs Dan Fannon - Jefferies LLC Chris Allen - Citi Brennan Hawken - UBS Benjamin Budish - Barclays Macrae Sykes - GAMCO Operator Good day, and thank you for standing by, and welcome to Interactive Brokers Group 3Q '24 Earnings call. At this time, all participants are in a listen-only mode.

While the top- and bottom-line numbers for Interactive Brokers (IBKR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

While the Dow and S&P 500 rolled back closing highs, United (UAL) and J.B. Hunt (JBHT) are up on strong Q3 figures.

Interactive Brokers Group, Inc. (IBKR) came out with quarterly earnings of $1.75 per share, missing the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.55 per share a year ago.

A federal appeals court fast-tracked the Commodity Future Trading Commission's case challenging the right of the Kalshi exchange to offer contracts that pay off as bets on U.S. political elections. Kalshi and Interactive Brokers are offering election contracts that include bets on the outcomes of the presidential election, U.S. Senate races and Democratic or Republican control of chambers of Congress.

Interactive Brokers' revenue likely doubled. Charles Schwab earnings are still ailing.

Relatively high interest rates and solid equity market performance are expected to have supported IBKR's Q3 earnings.