Interactive Brokers Group, Inc. (IBKR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. S ...

In the latest trading session, Interactive Brokers Group, Inc. (IBKR) closed at $128.59, marking a +0.41% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.13% for the day. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.52%.Heading into today, shares of the company had gained 5.97% over the past month, outpacing the Finance sector's gain of 4.44% and the S&P 500's gain of 3.67% in that time.The upcoming earnings release of Interactive Brokers G ...

The Federal Reserve is set to start cutting interest rates next week for the first time since March 2020. Historically, the S&P 500 Index has posted positive returns 86% of the time in the 12 months following the first rate cut of the cycle. Hence, the global electronic broker – Interactive Brokers (IBKR) – is solidly placed to perform well financially.In first-half 2024, IBKR garnered record commission fees as the equity markets scaled new highs on the back of clarity on several macroeconomic factors, driv ...

Alistair BergIntroduction Interactive Brokers (NASDAQ:IBKR) is a leading automated and electronic brokerage company that offers services globally. As a global player in financial markets, the company now has an established reputation for being a best-in-class broker and has situated itself as the premier low-cost alternative to competitor products. In the company's latest quarter, this competitive advantage was on display through growth in new accounts as well as an increase in client equity. While ther ...

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The latest trading session saw Interactive Brokers Group, Inc. (IBKR) ending at $124.22, denoting a +1.37% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 1.16%. On the other hand, the Dow registered a gain of 1.2%, and the technology-centric Nasdaq increased by 1.16%.Shares of the company witnessed a gain of 5.14% over the previous month, trailing the performance of the Finance sector with its gain of 5.48% and outperforming the S&P 500's gain of 3.48% ...

September is renowned for its seasonal weakness, while stocks are traditionally slated to fall in the two months leading up to election day. The U.S. economy is also not out of the woods and may lead to a broader sell-off in the equity market.Stocks were already subjected to volatility in the first three trading sessions of September. But should you sell? Ignore the choppy stock market! Buy stocks that are less volatile than the broader market. These stocks also have a solid upside potential. Some of the pr ...

Interactive Brokers Group, Inc. (IBKR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned +9.2%, compared to the Zacks S&P 500 composite's +6.2% change. During this period, the Zacks Financial - Investment Bank industry, which Interactive Brokers falls in, has gained 8%. The key question now is: What could be the stock's future dir ...

Core Insights - Interactive Brokers Group, Inc. (IBKR) reported strong performance metrics for its Electronic Brokerage segment in August 2024, highlighting a significant increase in client Daily Average Revenue Trades (DARTs) [1] Performance Metrics - Total client DARTs for August reached 2,712,000, marking a 40.4% increase from August 2023 but a 1.6% decrease from July 2024 [2] - Cleared Average DARTs per customer account was 198 for August 2024, up 7.6% year-over-year but down 3.9% from July 2024 [2] - Total customer accounts grew by 29.3% year-over-year and 2.2% month-over-month to 3.1 million, with net new accounts increasing by 58.4% from August 2023 but declining 6.6% sequentially [2] Options and Futures Contracts - Total options contracts traded in August 2024 were 111.7 million, up 22.6% year-over-year but down 5.8% from the previous month [2] - Futures contracts increased by 8.4% year-over-year and 5.4% month-over-month to 20.1 million [2] Client Equity and Balances - Client equity at the end of August 2024 was $515.3 billion, reflecting a 36.5% year-over-year growth and a 1.1% increase from July 2024 [3] - Client credit balances stood at $112.1 billion, up 13.2% from August 2023 and 2.7% from July 2024 [3] - Customer margin loan balance was $54.9 billion, increasing 30.4% year-over-year but decreasing 2.1% from the last month [3] Stock Performance - Year-to-date, IBKR shares have surged 53.7%, significantly outperforming the industry growth of 16.7% [4] - IBKR currently holds a Zacks Rank 1 (Strong Buy), indicating strong market performance [4] - Comparatively, The Charles Schwab Corporation (SCHW) and LPL Financial Holdings Inc. (LPLA) are expected to release their monthly performance metrics soon, with SCHW holding a Zacks Rank 4 (Sell) and LPLA a Zacks Rank 3 (Hold) [4]

Company Performance - Interactive Brokers Group, Inc. (IBKR) closed at $126.32, reflecting a -0.63% change compared to the previous day, underperforming the S&P 500's 0.6% loss [1] - The stock has increased by 6.86% over the past month, outperforming the Finance sector's gain of 2.41% and the S&P 500's gain of 3.15% [1] - Analysts expect IBKR to report earnings of $1.71 per share, indicating a year-over-year growth of 10.32%, with projected revenue of $1.25 billion, a 9.13% increase from the same quarter last year [1] Full Year Estimates - For the full year, earnings are projected at $6.81 per share and revenue at $4.98 billion, representing changes of +18.43% and +14.74% respectively from the previous year [2] - Recent changes in analyst estimates for IBKR are seen as indicators of the company's business outlook, with positive revisions suggesting optimism [2] Zacks Rank and Valuation - IBKR currently holds a Zacks Rank of 1 (Strong Buy), with an average annual return of +25% for 1 stocks since 1988 [3] - The Forward P/E ratio for IBKR is 18.68, which is a premium compared to the industry average of 16.6 [3] - The PEG ratio for IBKR stands at 1.13, aligning with the Financial - Investment Bank industry's average PEG ratio of 1.13 [3] Industry Overview - The Financial - Investment Bank industry is part of the Finance sector and has a Zacks Industry Rank of 103, placing it in the top 41% of over 250 industries [4] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]