Interactive Brokers Group, Inc.’s (IBKR) clients are now allowed to trade stocks on one of the largest stock exchanges in Southeast Asia, Bursa Malaysia. The brokerage firm’s clients will be able to trade Malaysian Ringgit-denominated equities and exchange traded funds (ETFs), along with global stocks, options, futures, currencies, bonds and funds from a single unified platform.By providing access to Malaysia-denominated equity products, IBKR will be able to expand the breadth of global investment products ...

Core Viewpoint - Brokerage recommendations, particularly for Interactive Brokers Group, Inc. (IBKR), show a strong positive bias, with an average brokerage recommendation (ABR) of 1.22, indicating a consensus leaning towards "Strong Buy" [1][2] Group 1: Brokerage Recommendations - The current ABR for IBKR is 1.22, with eight out of nine brokerage recommendations classified as "Strong Buy," representing 88.9% of total recommendations [1] - Despite the strong ABR, studies indicate that brokerage recommendations often lack success in guiding investors towards stocks with the highest price increase potential due to analysts' vested interests [2][3] - Analysts employed by brokerage firms tend to be overly optimistic, leading to a higher frequency of favorable ratings compared to their research support [5] Group 2: Zacks Rank Comparison - Zacks Rank, a proprietary stock rating tool, categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) and is based on earnings estimate revisions, which are more reliable indicators of near-term stock price movements [3][4] - The Zacks Consensus Estimate for IBKR has increased by 0.7% over the past month to $6.81, reflecting growing optimism among analysts regarding the company's earnings prospects [7] - The Zacks Rank for IBKR is 1 (Strong Buy), indicating a strong alignment with the positive sentiment reflected in the ABR [7]

Company Performance - Interactive Brokers Group, Inc. (IBKR) closed at $124.12, marking a +0.62% move from the previous day, outperforming the S&P 500 which lost 0.89% [1] - Over the past month, shares of IBKR gained 4.43%, surpassing the Finance sector's gain of 1.92% and the S&P 500's gain of 2.17% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with a forecasted EPS of $1.71, reflecting a 10.32% increase from the same quarter last year [1] - Revenue is expected to be $1.25 billion, indicating a 9.13% increase compared to the same quarter of the previous year [1] Annual Forecast - For the entire year, Zacks Consensus Estimates forecast earnings of $6.81 per share and revenue of $4.98 billion, representing changes of +18.43% and +14.74% respectively compared to the previous year [2] Analyst Projections - Recent shifts in analyst projections for IBKR should be monitored, as positive estimate revisions indicate analyst optimism about the company's business and profitability [2] - Changes in estimates are directly related to upcoming stock price performance, with the Zacks Rank system designed to capitalize on this phenomenon [2] Zacks Rank and Valuation - IBKR currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate moving 0.74% higher over the past month [3] - The company is traded at a Forward P/E ratio of 18.13, which is a premium compared to the industry's average Forward P/E of 16.23 [3] - IBKR has a PEG ratio of 1.1, aligning with the Financial - Investment Bank industry's average PEG ratio of 1.1 [3] Industry Overview - The Financial - Investment Bank industry is part of the Finance sector and currently holds a Zacks Industry Rank of 140, placing it in the bottom 45% of all industries [4] - The Zacks Industry Rank measures the strength of individual industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Stock Performance - Interactive Brokers' shares returned +4.4% over the past month, outperforming the Zacks S&P 500 composite's +2.2% and the Zacks Financial - Investment Bank industry's +1.2% [1] Earnings Estimates - Current quarter earnings estimate is $1.71 per share, representing a year-over-year change of +10.3%, with a +0.9% revision over the last 30 days [3] - Current fiscal year earnings estimate is $6.81, indicating a year-over-year change of +18.4%, with a +0.7% revision over the last 30 days [3] - Next fiscal year earnings estimate is $6.94, showing a +2% change from the previous year, with a +1% revision over the past month [3] Revenue Growth - Current quarter consensus sales estimate is $1.25 billion, indicating a year-over-year change of +9.1% [5] - Current fiscal year revenue estimate is $4.98 billion, showing a +14.7% change [5] - Next fiscal year revenue estimate is $5.13 billion, indicating a +3% change [5] Recent Results - Last reported revenues were $1.23 billion, representing a year-over-year change of +23% [6] - Last reported EPS was $1.76, compared to $1.32 a year ago [6] - Reported revenues were -2.7% below the Zacks Consensus Estimate of $1.26 billion, while EPS surprise was +4.14% [7] - The company surpassed consensus EPS estimates three times and revenue estimates three times over the last four quarters [7] Valuation - Interactive Brokers is graded D on the Zacks Value Style Score, indicating it is trading at a premium to its peers [9] Analyst Rating - Interactive Brokers is rated Zacks Rank 2 (Buy), suggesting potential outperformance in the near term [4][10]

Core Viewpoint - Interactive Brokers Group (IBKR) has shown exceptional performance in 2024, with shares rising 41.8%, significantly outperforming the industry and key competitors [1][11]. Group 1: Stock Performance - IBKR's stock has surged 41.8% year-to-date, compared to an 8.8% increase in the industry and a 12.2% rise in the Zacks S&P 500 composite [1]. - In contrast, competitors like Charles Schwab (SCHW) and LPL Financial (LPLA) have seen declines of 9.2% and 12.4%, respectively [1]. - The stock is currently trading above its 200-day moving average, indicating a bullish trend and positive market sentiment [2]. Group 2: Financial Performance - The first half of 2024 saw an 18% increase in total revenues on a GAAP basis, driven by strong growth in net interest income and margin loans, which reached $55 billion [2][5]. - IBKR maintains a low compensation expense relative to net revenues at 12% in the first half of 2024, attributed to its technological advancements [5]. - The company reported a total client Daily Average Revenue Trades (DARTs) of 2,756,000 in July, marking a 38.4% increase from July 2023 [5]. Group 3: Strategic Initiatives - IBKR is expanding its global presence and product offerings, recently launching ForecastEx LLC, allowing clients to trade Forecast Contracts on economic data and climate indicators [6]. - The company aims to enhance its market share through the introduction of new products and services in the online brokerage space [6]. Group 4: Valuation and Growth Potential - IBKR's current price-to-tangible book (P/TBV) ratio stands at 0.84, significantly lower than the industry average of 4.72, indicating an attractive buying opportunity [7][9]. - The Zacks Consensus Estimate projects earnings growth of 18.4% for 2024 and 2% for 2025, with positive estimate revisions for both years [9][10]. - The company is recognized for its strong fundamentals and resilience in the electronic brokerage sector, making it a compelling investment option [11].

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Interactive Brokers Group, Inc. (IBKR) .Interactive Brokers currently has an average brokerage ...

Table of Contents 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, 2024 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. (Exa ...

Interactive Brokers Group, Inc. (IBKR) has released the Electronic Brokerage segment’s performance metrics for July 2024. 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).Total client DARTs for July were 2,756,000, which increased 38.4% from July 2023 and 11.6% from last month.On an annualized basis, the Cleared Average DARTs per customer account was 206 for July 2024. The metric ...

CHICAGO, July 31, 2024 /PRNewswire/ -- ForecastEx LLC ("ForecastEx"), a CFTC registered Designated Contract Market ("DCM") and Derivative Clearing Organization ("DCO"), is pleased to announce the launch of its event contract market effective August 1, 2024. ForecastEx will operate as a fully integrated DCM and DCO, offering Futures Commission Merchants ("FCMs") and their customers the ability to hedge against or express conviction on the outcome of key economic and climate events using Forecast Contracts. F ...

Interactive Brokers Group, Inc. (IBKR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this company have returned -6.8%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks Financial - Investment Bank industry, which Interactive Brokers falls in, has gained 1.3%. The key question now is: What could be the stock's f ...