Anand Chokkavelu, CFA has no position in any of the stocks mentioned. Dan Caplinger has no position in any of the stocks mentioned. Toby Bordelon has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Interactive Brokers Group. The Motley Fool has a disclosure policy. ...

周末闲聊，想哪到哪啊。 昨天有不少读者看中了文末提到的4%活期利率，但这个不是墙内人民币的理财产品，是离岸美元的理财产品，我在文章里提到的老虎证券、富途证券、 盈透证券，包括之前的利弗莫尔都是境外券商。 你如果有外汇美元的话，4%收益没什么稀罕的，10年期美国国债收益率最新是4.3%，这些券商只是把国债收益给产品化，集成到了活期理财里。 然后就是有读者提出肉身去香港开离岸银行户，开离岸证券户。我可以确认开离岸银行户是肯定没问题的，至于离岸证券户几个中资券商不行，他们会拒 绝大陆过来的kyc，但我听说有好几个外资券商可以，至于是哪几个我唔知啊，你们开银行户的时候顺便问工作人员咯，这种上下游关联业务的多半有推 荐。 还有读者说让我多讲讲香港见闻，觉得蛮有趣的，其实我也只是匆匆的游客，没有深度体验香港本地生活。因为曾经上百年被英国统辖，那里确实和国内 城市很不一样。 普通人去那里感受最显著的差异就是消费贵，我之前提出过一个4倍理论，就是大部分香港物价除以4，就约等于国内。比如香港打工人月薪大都在20000- 30000区间，除以4就是国内的5000-7500，其它衣食住行等消费也差不多是这个比例。 比如我朋友他家每 ...

Interactive Brokers (NASDAQ: IBKR ) is a leading brokerage company known for its presence in over 200 countries. This global presence allows them to tap into various markets for their growth. The company is also adding clients at aA passionate college student looking to build a career in the field of finance. Currently studying for CFA level 1 examination and pursuing BBA at nalsar university Hyderabad. Looking to contribute to investors by making stock research easy.Analyst’s Disclosure: I/we have no stock ...

Core Insights - Interactive Brokers (NASDAQ: IBKR) has experienced a strong stock performance and impressive customer growth, yet analysts are hesitant to raise their price targets, indicating a disconnect in market sentiment [1]. Company Analysis - The stock of Interactive Brokers has been on a steady climb, reflecting positive market trends and customer acquisition [1]. - Despite the positive performance, analysts are not rushing to adjust their price targets, suggesting a cautious outlook among market experts [1]. Analyst Background - Motti Sapir, an economist and financial analyst with over 15 years of experience, focuses on market trends and data analysis, aiming to simplify complex financial concepts for investors [1]. - His writing emphasizes actionable insights and clear presentation of financial data, which can help investors make informed decisions [1].

Interactive Brokers Group, Inc. (IBKR) has released the Electronic Brokerage segment’s performance metrics for February 2025. The segment deals with the clearance and settlement of trades for individual and institutional clients globally. It reported a rise in client Daily Average Revenue Trades (DARTs) from a year ago.IBKR’s February Performance BreakdownTotal client DARTs in February were 3,267,000, which increased 48.1% from February 2024 and 4.1% from January 2025. On an annualized basis, the cleared av ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Interactive Brokers Group, Inc. (IBKR), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][4]. Group 1: Brokerage Recommendations - Interactive Brokers has an average brokerage recommendation (ABR) of 1.22, indicating a consensus between Strong Buy and Buy, with 88.9% of the nine recommendations being Strong Buy [2][12]. - Brokerage analysts tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" recommendation, which may mislead investors [5][9]. Group 2: Zacks Rank Comparison - The Zacks Rank categorizes stocks into five groups based on earnings estimate revisions, with IBKR currently holding a Zacks Rank 1 (Strong Buy) due to a 1% increase in the earnings consensus estimate to $7.46 [10][12][13]. - The Zacks Rank is considered a more reliable indicator of stock price performance compared to the ABR, as it is driven by timely earnings estimate revisions and maintains a balance among its ranks [10][11]. Group 3: Investment Implications - The growing optimism among analysts regarding IBKR's earnings prospects, reflected in the upward revisions of EPS estimates, suggests potential for stock price appreciation in the near term [12][13]. - While the ABR indicates a Buy-equivalent recommendation, it is advised to use it alongside the Zacks Rank for a more comprehensive investment strategy [4][13].

Customer Base and Services - As of December 31, 2024, the company had approximately 3.3 million institutional and individual brokerage customers[20] - The company services approximately 3.34 million cleared customer accounts across over 200 countries and territories[59] - The company offers a range of trading platforms, including IBKR Desktop, TWS, IBKR Mobile, and IBKR GlobalTrader, catering to various trading styles and expertise levels[23] - IBKR Pro offers the lowest cost access to a wide range of financial products with no added spreads, ticket charges, or account minimums[25] - IBKR Lite provides unlimited commission-free trades on U.S. exchange-listed stocks and ETFs, catering to investors seeking a simple trading experience[25] - The Mutual Fund Marketplace offers access to over 43,000 mutual funds worldwide, including more than 18,000 no-transaction-fee funds[25] - Fractional Trading enables customers to buy and sell eligible stocks or ETFs with as little as $1.00, promoting accessibility to investing[27] - The Securities Lending Dashboard helps customers assess short-selling activity for specific securities, enhancing trading decisions[29] - The PortfolioAnalyst tool allows customers to consolidate and analyze their portfolios, offering advanced reporting and risk metrics[29] - The IMPACT App helps customers align their investment portfolios with personal values by selecting from thirteen impact goals[32] - The AI-powered Commentary Generator assists financial advisors in creating customer-specific performance reports and summarizing market news[34] Technology and Trading Infrastructure - The company specializes in routing orders and executing trades in multiple asset classes, including stocks, options, futures, forex, bonds, mutual funds, ETFs, and cryptocurrencies[20] - The company has a focus on developing proprietary technology to automate broker-dealer functions, enhancing liquidity and transparency in capital markets[12] - The proprietary technology infrastructure enables the company to provide among the lowest execution costs in the industry, with trades executed in real-time across more than 160 electronic exchanges in 36 countries[38] - The IB SmartRouting system continuously searches for the best price and can dynamically re-route orders to achieve optimal execution, enhancing customer trading efficiency[48] - The company has developed an integrated trading and risk management system that operates across all product classes, ensuring fault tolerance and quick corrective actions during trading venue malfunctions[42] - The company has automated systems for compliance, enhancing efficiency in areas such as trade reporting and anti-money laundering surveillance[86] Financial Performance and Capital Management - The company has issued 40,444,445 shares of common stock with a fair value of $2.0 billion from 2011 through 2024 in exchange for membership interests in IBG LLC[19] - As of December 31, 2024, the aggregate excess regulatory capital for all operating subsidiaries was $12.4 billion[80] - The net capital for IB LLC was $9.45 billion, with a requirement of $1.268 billion, resulting in an excess of $8.182 billion[83] - The company plans to increase its quarterly cash dividend from $0.10 per share to $0.25 per share starting in Q2 2024[131] - The company has declared and paid a quarterly cash dividend of $0.10 per share from Q2 2011 through Q1 2024[131] Competition and Market Environment - The company has experienced increased competition and downward pressures on electronic brokerage commissions in the industry[9] - The market for electronic brokerage services is highly competitive, with a focus on transaction execution quality and technological innovation as differentiators[71] - The company faces intense competition in its direct market access brokerage business, which is rapidly evolving[132] Risk Management and Compliance - The risk management policies are implemented in real-time, continuously credit checking customer positions to prevent excessive losses[51] - The company maintains a robust system for supervisory review of financial reporting and compliance with the Dodd-Frank Reform Act[93] - The company is subject to extensive regulatory scrutiny, which could adversely affect its operations and profitability due to potential penalties and compliance costs[157] - The company has implemented daily customer reserve computations to enhance the protection of customer assets[85] - All operating subsidiaries were in compliance with their respective regulatory capital requirements as of December 31, 2024[83] Employee and Corporate Responsibility - The company employs approximately 2,998 employees worldwide as of December 31, 2024[10] - The company has over 1,000 on-demand and live courses available in its IBKR Training Portal for employee development[65] - The company has strengthened its management training curriculum to address core leadership competencies and cultural focus[66] - The company donated to the Food Bank of Lower Fairfield County and supported various community causes through its corporate giving program[64] Tax and Regulatory Considerations - The increase in tax basis attributable to the company's interest in IBG LLC is $2.1 billion, with potential future increases estimated at up to $31.2 billion[115][116] - The company is required to pay 85% of tax savings realized from the increase in tax basis to Holdings as additional consideration for the IBG LLC interests acquired[114] - The potential tax basis increase is contingent on future purchases of IBG LLC interests being made in fully taxable transactions[115][116] - The company relies on IBG LLC for cash distributions to cover tax liabilities and operational expenses[112] - The company may incur additional tax liabilities due to complex tax laws and potential changes in regulations, which could adversely impact its financial results[163] Operational Risks - The company faces substantial risks related to market fluctuations, operational challenges, and potential litigation[97][102] - The company is exposed to risks associated with international operations, including political and economic instability[137] - The company may incur material trading losses from its market-making activities, which could adversely affect its financial condition[146] - The company is subject to counterparty risk, which can have an adverse effect on its business if defaults occur[138] - The company's market making activities are heavily reliant on the accuracy of its proprietary pricing model, which may lead to unexpected trading losses if flaws occur[149] - Valuation of financial instruments can result in large and anomalous swings in position values and earnings, particularly on the last business day of each calendar quarter[150] - The company faces risks from trading with parties that may have different information, potentially leading to unfavorable positions[151] Cybersecurity and Data Privacy - Cybersecurity incidents pose a risk to the company's operations, potentially leading to reputational and financial damages[173] - The company does not have fully redundant systems, which increases the risk of operational disruptions and could materially affect its financial condition[170] - The company is subject to stringent data privacy rules, including the Gramm-Leach-Bliley Act and GDPR, which could expose it to financial loss and litigation risks[176] - Any failure to comply with privacy policies or data security laws could result in significant fines and reputational harm, adversely affecting financial condition and operations[179] - The company continues to monitor regulations related to data privacy to assess their impact on business operations[177] Cryptocurrency Risks - The company relies on third-party Cryptocurrency Service Providers (CSPs) for cryptocurrency trading and custody services, which could impact customer confidence if disrupted[182] - A data breach at CSPs may lead to irreversible losses for customers, affecting the company's business[183] - The company does not maintain access to customers' cryptocurrency assets, which could result in losses due to CSP failures[185] - Changes in cryptocurrency regulations may negatively impact the company's ability to facilitate customer transactions in the future[190] - The company faces risks from system failures and cybersecurity threats that could disrupt customer access to services[189] - The evolving nature of data privacy laws may require the company to incur additional costs to comply with new regulations[178] - The company is not liable for losses arising from CSP insolvency or hacking, provided it exercises reasonable care in selecting CSPs[187]

Core Viewpoint - Interactive Brokers Group, Inc. has shown strong performance in its recent earnings report, with significant year-over-year growth in earnings and revenues, indicating a positive trend in the company's financial health and market position [2][4][5]. Financial Performance - The fourth-quarter 2024 adjusted earnings per share were $2.03, exceeding the Zacks Consensus Estimate of $1.86, marking a 33.6% increase from the prior-year quarter [2]. - For the full year 2024, adjusted earnings per share reached $7.03, surpassing the Zacks Consensus Estimate of $6.99, and reflecting a 22.3% increase from 2023 [4]. - Total GAAP net revenues for Q4 2024 were $1.39 billion, up 21.8% year over year, while adjusted net revenues were $1.42 billion, a 23.9% increase [5]. Customer Growth and Activity - Customer accounts grew by 30.2% year over year, reaching 3,337,000, and total customer DARTs increased by 61.2% to 3.12 million [7]. Expense Management - Total non-interest expenses rose by 7.4% year over year to $347 million, driven by execution, clearing, and distribution fees, as well as employee compensation and benefits [6]. Capital Position - As of December 31, 2024, cash and cash equivalents totaled $68.1 billion, slightly up from $68 billion a year earlier [8]. - Total assets increased to $150.5 billion from $128.4 billion year over year, with total equity rising to $16.6 billion from $14.1 billion [9]. Market Outlook - Estimates for Interactive Brokers have trended upward, with a consensus estimate shift of 7.55% in the past month, indicating positive market sentiment [10]. - The company holds a Zacks Rank 1 (Strong Buy), suggesting expectations for above-average returns in the coming months [12]. Industry Context - Interactive Brokers operates within the Zacks Financial - Investment Bank industry, where competitors like JPMorgan Chase & Co. have also shown positive performance, gaining 6.2% over the past month [13].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Group 1: Company Overview - Interactive Brokers Group, Inc. (IBKR) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [3] Group 2: Performance Metrics - IBKR shares have increased by 6.3% over the past week, significantly outperforming the Zacks Financial - Investment Bank industry, which rose by 0.46% [5] - Over the last quarter, IBKR shares have risen by 22.54%, and they have surged by 127.81% in the past year, while the S&P 500 has only moved 1.43% and 21.95%, respectively [6] Group 3: Trading Volume - The average 20-day trading volume for IBKR is 1,925,303 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 4: Earnings Outlook - In the past two months, four earnings estimates for IBKR have been revised upwards, increasing the consensus estimate from $7.05 to $7.45 [9] - For the next fiscal year, three estimates have also moved higher, with no downward revisions during the same period [9] Group 5: Conclusion - Given the strong performance metrics and positive earnings outlook, IBKR is positioned as a promising investment opportunity with a Momentum Score of A [11]

Core Viewpoint - Analyst recommendations play a significant role in influencing stock prices, but their reliability is questionable due to potential biases from brokerage firms [1][5][9]. Group 1: Analyst Recommendations - Interactive Brokers Group, Inc. (IBKR) has an average brokerage recommendation (ABR) of 1.22, indicating a consensus between Strong Buy and Buy, with 88.9% of recommendations being Strong Buy from nine brokerage firms [2][12]. - Despite the positive ABR, relying solely on this information for investment decisions may not be prudent, as studies show limited success in brokerage recommendations guiding investors effectively [4][9]. Group 2: Vested Interests and Bias - Brokerage firms often exhibit a strong positive bias in their analysts' ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [5][9]. - This misalignment of interests can mislead investors, making it essential to validate brokerage recommendations with independent research [6][9]. Group 3: Zacks Rank as an Alternative - Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, which are strongly correlated with near-term stock price movements [7][10]. - The Zacks Rank is timely and reflects current business trends, unlike the ABR, which may not be up-to-date [11]. Group 4: Earnings Estimates for IBKR - The Zacks Consensus Estimate for Interactive Brokers has increased by 3.3% over the past month to $7.39, indicating growing optimism among analysts regarding the company's earnings prospects [12]. - The recent change in consensus estimates, along with other factors, has resulted in a Zacks Rank 1 (Strong Buy) for Interactive Brokers, suggesting a potential for stock price appreciation [13].