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Interactive Brokers Group, Inc. (IBKR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Zacks Investment Research· 2024-01-09 23:03
Interactive Brokers Group, Inc. (IBKR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 16, 2024, might help the stock move higher if these key nu ...
Interactive Brokers (IBKR) Reports Increase in December DARTs
Zacks Investment Research· 2024-01-03 17:47
Interactive Brokers Group, Inc. (IBKR) released the Electronic Brokerage segment’s performance metrics for December 2023. 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) on a sequential and year-over-year basis.Total client DARTs for the month were 1,972,000, which increased 4% from the November 2023 level and 13% year over year.Cleared client DARTs for the month were 1,753,000, ...
Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for December 2023, includes Reg.-NMS Execution Statistics
Businesswire· 2024-01-02 17:11
GREENWICH, Conn.--(BUSINESS WIRE)--Interactive Brokers Group, Inc. (Nasdaq: IBKR) an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for December. Brokerage highlights for the month included: 1.972 million Daily Average Revenue Trades (DARTs)1, 13% higher than prior year and 4% higher than prior month. Ending client equity of $426.0 billion, 39% higher than prior year and 5% higher than prior month. Ending client margin loan balances of $44.4 bi ...
Interactive Brokers Appoints Rich Repetto to its Board of Directors
Businesswire· 2024-01-02 15:00
GREENWICH, Conn.--(BUSINESS WIRE)--Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced the appointment of Rich Repetto as an independent director of the firm effective January 1, 2024. “We are pleased to announce the appointment of Rich to the Board of Directors following his distinguished career where he pioneered the research of electronic brokers and exchanges,” said Thomas Peterffy, Founder and Chairman of Interactive Brokers. “Mr. Repetto’s extensive knowledge ...
Interactive Brokers Group to Host Fourth Quarter Earnings Conference Call
Businesswire· 2023-12-26 14:00
GREENWICH, Conn.--(BUSINESS WIRE)--Interactive Brokers Group, Inc. (Nasdaq: IBKR) plans to announce its fourth quarter financial results on Tuesday, January 16, 2024, in a release that will be issued at approximately 4:00 pm (ET). The press release will also be available on the company's website, www.interactivebrokers.com/ir. A conference call to discuss the company's results will be held at 4:30 pm (ET) on that day, January 16. Members of the public who would like to listen to the conference call should ...
IBG, Inc.(IBKR) - 2023 Q3 - Quarterly Report
2023-11-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-Q _________________________________ (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33440 INTERACTIVE BROKERS GROUP, INC. (Exact name of re ...
IBG, Inc.(IBKR) - 2023 Q3 - Earnings Call Transcript
2023-10-17 23:50
Financial Data and Key Metrics - Net revenues reached over $1.1 billion, marking the third consecutive quarter above $1 billion [4][15] - Net interest income hit a record $733 million, driven by higher interest on margin loans and segregated cash [15][21] - Commissions were $333 million, up 4% year-over-year, despite a decline in equities trading volume [15] - Client equity grew by 29%, and account growth remained strong at 21% [4][19] - Adjusted pretax margin improved to 73%, up from 68% in the year-ago quarter [17] Business Line Performance - Options trading volumes reached a quarterly high, doubling the pace of industry growth, while stock trading volumes declined by 22% [15][19] - Futures contract volumes were slightly down, in line with industry trends [19] - The introducing broker segment saw significant onboarding progress, with over half of 52,000 accounts already migrated [9][10] - Hedge fund prime brokerage business grew, moving into the number 5 position globally [11] Market Performance - Europe experienced the fastest account growth, followed by Asia and the Americas [8] - Government and corporate bond platform activity increased significantly, reflecting investor interest in fixed income [7] - The US market saw a shift towards higher-quality stocks, with trading in lower-priced stocks declining [19] Strategic Direction and Industry Competition - The company remains focused on international market access, a strong balance sheet, and low-cost, high-interest offerings [13] - New product launches included fractional shares trading for Canadian stocks, a Securities Lending dashboard, and the next-generation IBKR Desktop platform [12] - The company aims to become the fourth-largest prime broker for hedge funds, behind Goldman Sachs, Morgan Stanley, and JP Morgan [11] Management Commentary on Operating Environment and Future Outlook - Management expects interest rates to remain elevated for an extended period, contributing to inflationary pressures [7][21] - The company anticipates continued growth in options trading, particularly outside the US, with 24-hour trading becoming more prevalent [40][49] - Long-term account growth guidance was revised from 30% to the low 20% range due to slower-than-expected onboarding of introducing broker accounts [10][38] Other Important Information - The company maintains a strong balance sheet with $121 billion in total assets, no long-term debt, and a short-duration US investment portfolio [18][22] - Advertising efforts were automated, with a focus on optimizing spending across channels, though customer cash growth was modest at 2% year-over-year [8] - The company introduced long-term investment accounts in Hungary and launched a financial literacy podcast [12] Q&A Session Summary Question: Capital Deployment and M&A Strategy - The company is exploring M&A opportunities but has not yet found suitable targets at acceptable prices [29][57] - No plans to increase dividends, as the focus is on maintaining a strong financial cushion for clients [30] Question: Expense Trends and Employee Compensation - Employee compensation and benefits expense rose 14% year-over-year, driven by headcount growth and inflation [17][32] - A change in accounting for vacation accruals will reduce quarter-to-quarter noise starting in 2024 [32] Question: Introducing Broker Segment and Account Growth - Long-term account growth guidance was revised to 20%-25% due to slower onboarding and smaller-than-expected introducing broker accounts [38][52] - The company is optimistic about onboarding smaller banks and brokerage firms globally [55] Question: Options Trading and 0DTE Activity - Options trading, particularly zero-day options (0DTE), is growing, with significant potential for expansion outside the US [40][49] - The company does not measure the exact proportion of 0DTE volume but expects overall options volume to grow by 5%-10% annually [48] Question: Hedge Fund and Financial Advisor Growth - The company is winning new hedge fund clients, primarily in the $10 million to $50 million range [64] - Financial advisors are benefiting from the Schwab-Ameritrade integration, with some clients seeking alternative platforms [62] Question: European Retail Trading Outlook - Retail trading in Europe is expected to grow, though it remains subdued compared to the US, with lower average investor funds [68] Question: Interest Rate Sensitivity and Hedging - The company estimates a $56 million annual impact on net interest income for every 25 basis point change in the Fed Funds rate [25] - Management expects rates to remain high long-term, with limited hedging against potential rate cuts [70][72] Question: Share Sale Plan and Hiring Trends - The automatic share sale plan remains paused, with sales contingent on reaching a target price [75] - Hiring for technology talent has become slightly easier, but competition for top talent remains intense [77]
IBG, Inc.(IBKR) - 2023 Q2 - Quarterly Report
2023-08-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-Q _________________________________ (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33440 INTERACTIVE BROKERS GROUP, INC. (Exact name of registr ...
IBG, Inc.(IBKR) - 2023 Q2 - Earnings Call Transcript
2023-07-18 23:04
Interactive Brokers Group, Inc. (NASDAQ:IBKR) Q2 2023 Earnings Conference Call July 18, 2023 4:30 PM ET Company Participants Nancy Stuebe - Director, IR Paul Brody - CFO Thomas Peterffy - Chairman Milan Galik - President, CEO & Director Conference Call Participants Benjamin Budish - Barclays Craig Siegenthaler - Bank of America Merrill Lynch Daniel Fannon - Jefferies Patrick Moley - Piper Sandler Chris Allen - Citi Kyle Voigt - KBW Operator Good day, and thank you for standing by. Welcome to the Interactive ...
IBG, Inc.(IBKR) - 2023 Q1 - Quarterly Report
2023-05-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-Q _________________________________ (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33440 INTERACTIVE BROKERS GROUP, INC. (Exact name of regist ...