IBKR Stock Recent News

Interactive Brokers (IBKR) allows retail clients to trade cryptocurrencies in Hong Kong, offering investors in the region a cost-effective way to allocate their portfolios to digital assets.

Thomas Peterffy, Interactive Brokers founder & chairman, joins 'Closing Bell Overtime' to talk recent market action, the latest round of earnings, the bond market and more.

The benchmark S&P 500 stock market index is down 7.6% since the beginning of August. Rising interest rates weigh on the market as investors see more attractive risk-free investment alternatives.

Interactive Brokers dominates the electronic trading and brokerage services market with close to 2.1 million customer accounts and $120.6 billion in assets. The company's margin financing business is set to capture significant profits from lending, with a projected net interest income run-rate of $3-4 billion in 2024. Using a residual earnings model, the estimated fair implied share price for Interactive Brokers is $98.08, suggesting approximately 20% upside for the stock.

Interactive Brokers Group, Inc. (IBKR) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Robust revenue growth supports Interactive Brokers' (IBKR) Q3 earnings.

Interactive Brokers Group, Inc. (NASDAQ:IBKR ) Q3 2023 Earnings Call Transcript October 17, 2023 4:30 PM ET Company Participants Nancy Stuebe - Director, IR Paul Brody - CFO Thomas Peterffy - Chairman Milan Galik - CEO Conference Call Participants Craig Siegenthaler - Bank of America Benjamin Budish - Barclays Patrick Moley - Piper Sandler Brennan Hawken - UBS Daniel Fannon - Jefferies Chris Allen - Citi James Yaro - Goldman Sachs Kyle Voigt - KBW Operator Good day, and thank you for standing by. Welcome to the Interactive Brokers Group Third Quarter 2023 Earnings Conference Call.

While the top- and bottom-line numbers for Interactive Brokers Group, Inc. (IBKR) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Interactive Brokers Group, Inc. (IBKR) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.08 per share a year ago.

Interactive Brokers Group after Tuesday's close reported third-quarter adjusted earnings per share (EPS) of $1.55, up from $1.08 a year earlier and better than the $1.51 analyst consensus forecast.  The company, which through its affiliates provides automated trade execution and custody of securities, commodities and foreign exchange on over 150 markets, generated revenue for the period of $1.14 billion, an improvement from $847 million a year ago while also edging past expectations of $1.11 billion.