Financial Performance - For the current quarter, net revenues were $1,365 million, an increase from $1,145 million in the prior-year quarter, representing a 19% growth [233]. - Diluted earnings per share rose to $1.67, compared to $1.56 in the prior-year quarter, marking a 7% increase [232]. - Total net revenues for Q3 2024 increased by $220 million, or 19%, to $1,365 million compared to Q3 2023 [255]. - Net income for Q3 2024 was $834 million, compared to $772 million in Q3 2023 [254]. - Earnings per share for Q3 2024 were $1.68, up from $1.57 in Q3 2023 [254]. - Adjusted net revenues for the current nine-month period increased by $597 million, or 19%, to $3,798 million [290]. - Adjusted net revenues for the current quarter were $1,327 million, compared to $1,139 million in the prior-year quarter, marking a 17% increase [233]. Revenue Sources - Commission revenue increased by 31% to $435 million, driven by higher customer trading volumes in options, stocks, and futures, which rose by 35%, 22%, and 13%, respectively [234]. - Total non-interest income for 2024 was $563 million, up from $412 million in 2023 [254]. - Commissions for Q3 2024 were $435 million, compared to $333 million in Q3 2023, reflecting a significant increase [254]. - Other fees and services increased by $20 million, or 38%, to $72 million, primarily due to a $13 million increase in risk exposure fees [259]. - Commissions increased by $208 million, or 21%, to $1,220 million, driven by higher customer volume in options, futures, and stocks [291]. - Other fees and services increased by $57 million, or 40%, to $199 million, primarily due to increased risk exposure fees and higher trading volumes [292]. Customer Metrics - Customer equity reached $541.5 billion in Q3 2024, up 46% from $369.8 billion in Q3 2023 [251]. - Total customer DARTs (Daily Average Revenue Trades) increased by 42% year-over-year to 2,703 thousand in Q3 2024 [251]. - Executed order volumes for Q3 2024 were 171,620 thousand, representing a 44% increase in principal orders compared to Q3 2023 [247]. - Total accounts increased to 3,120 thousand in Q3 2024, a 28% increase from 2,431 thousand in Q3 2023 [251]. Expenses and Profitability - General and administrative expenses increased by $108 million to $153 million, primarily due to legal and regulatory matters [236]. - Non-interest expenses increased by $151 million, or 50%, to $456 million, with general and administrative expenses rising by $108 million [273]. - The pretax profit margin for the current quarter was 67%, down from 73% in the prior-year quarter [236]. - Income before income taxes increased by $69 million, or 8%, to $909 million, with a pretax profit margin of 67% [288]. - Income tax expense rose by $7 million, or 10%, to $75 million, driven by higher income before taxes and increased tax rates in Europe [286]. Assets and Equity - Total equity as of September 30, 2024, was $16.0 billion, with approximately 25% denominated in currencies other than the U.S. dollar [237]. - Consolidated equity increased by 21% to $16.0 billion as of September 30, 2024, from $13.3 billion a year earlier [337]. - As of September 30, 2024, total assets were $148.5 billion, with approximately $147.1 billion, or 99.0%, considered liquid [332]. - Cash, cash equivalents, and restricted cash increased by $6,218 million to $38.8 billion for the nine months ended September 30, 2024 [340]. Risk Management - The company employs a covariant VaR methodology to measure market risk, excluding fixed income products, which are assessed using stress tests [366]. - The proprietary pricing model continuously evaluates risks in the portfolio and rebalances positions throughout the trading day, aiming to mitigate trading losses [367]. - The risk management policies are developed by a Steering Committee chaired by the CEO, ensuring real-time monitoring of trading activities and risk parameters [365]. - The company has a comprehensive policy to assess investor suitability for trading activities, continuously monitoring accounts for excessive risk [382]. Market Conditions - U.S. market volatility, as measured by the VIX, increased by 13% from the prior-year quarter, indicating a rise in trading activity [222]. - The company faces uncertainties including fluctuating retail participation in equity markets and potential regulatory changes impacting financial services [239]. Strategic Initiatives - The company plans to continue making acquisitions on an opportunistic basis to enhance execution alternatives for customers [351]. - The company holds strategic investments in electronic trading exchanges and businesses, including beneficial ownership interests of 6.2% in BOX Options Exchange and 31.6% in Zero Hash Holdings Ltd. [350].

Performance Metrics - Total client DARTs in October 2024 were 2,823,000, a 46% increase from October 2023 and a 7.2% increase from September 2024 [2] - Annualized cleared Average DARTs per customer account was 200 in October 2024, up 13.6% year-over-year and 5.3% from September 2024 [2] - Total customer accounts reached 3.19 million, a 28.6% increase year-over-year and a 2.2% increase from the previous month [3] - Net new accounts were 65,000, up 34.9% year-over-year and 11.7% sequentially [3] Trading Activity - Total options contracts in October 2024 were 122.1 million, a 31.6% increase year-over-year and a 22.1% increase from September 2024 [3] - Future contracts declined 10.8% year-over-year to 18.3 million but increased 7.1% from September 2024 [3] Client Equity and Balances - Client equity at the end of October 2024 was $540 billion, a 47.1% increase year-over-year but a marginal decline from September 2024 [4] - Client credit balances were $117.6 billion, up 21.6% year-over-year and nearly 1% from September 2024 [4] - Customer margin loan balance was $58.9 billion, a 39.9% increase year-over-year and a 5.6% increase from the previous month [4] Stock Performance - Shares of Interactive Brokers gained 26.2% in the past six months, outperforming the industry's 12.3% growth [5] Industry Comparison - The Charles Schwab Corporation (SCHW) and LPL Financial Holdings Inc (LPLA) are expected to release their monthly performances soon [6] - The Zacks Consensus Estimate for SCHW's 2024 earnings per share remained unchanged over the past seven days, while LPLA's estimate increased by 1.3% [6]

Core Viewpoint - Homerun Resources Inc. has signed a marketing services agreement with Interactive Offers to enhance public awareness of the company and its offerings [1][3]. Group 1: Agreement Details - The service agreement with Interactive Offers is effective from November 1, 2024, and will remain in effect for an indefinite term based on budget expenditures [3]. - The company has allocated a budget of USD$150,000 for the marketing and awareness campaign, with Interactive Offers retaining any excess funds as compensation for its services [3]. Group 2: About Interactive Offers - Interactive Offers is a comprehensive financial advertising platform that utilizes first-party data and proprietary technology to present client content to investors [2]. - The platform maintains strong partnerships with numerous leading financial publishers and media sources to enhance the reach of its advertising solutions [2]. Group 3: Company Overview - Homerun Resources is focused on developing industrial materials and technologies aimed at supporting global clean energy and climate objectives [4].

Interactive Brokers Group, Inc. (IBKR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, IBKR crossed above the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term ...

CHICAGO, Oct. 28, 2024 /PRNewswire/ -- ForecastEx, LLC ("ForecastEx"), the first and only CFTC Designated Contract Market and Derivative Clearing Organization offering event contracts to Futures Commission Merchants (FCMs) and their customers, is pleased to announce the approval of a new Clearing Member, Robinhood Derivatives, LLC. ForecastEx offers FCMs and their customers the ability to hedge against or express conviction on the outcome of key political, economic and climate events using Forecast Contract ...

Group 1 - Zacks Premium offers various tools for investors, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to enhance investment confidence [1] - The Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, providing ratings from A to F, where A indicates a higher chance of outperforming the market [2][3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E, PEG, and Price/Sales to highlight attractive investment opportunities [2] - The Growth Score emphasizes a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow for sustainable growth [3] - The Momentum Score helps investors capitalize on price trends by assessing recent price changes and earnings estimate revisions [3] - The VGM Score combines the three Style Scores to identify stocks with the best value, growth potential, and momentum, serving as a strong indicator alongside the Zacks Rank [4] Group 2 - The Zacks Rank is a proprietary stock-rating model that utilizes earnings estimate revisions to facilitate portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal return potential, while also considering earnings estimate revisions as a key factor in stock selection [6] - Interactive Brokers Group, Inc. (IBKR) is highlighted as a stock to watch, holding a Zacks Rank of 2 (Buy) and a VGM Score of B, with a Momentum Style Score of A and a 9.2% increase in shares over the past four weeks [7] - IBKR's earnings estimate for fiscal 2024 has been revised upwards by four analysts, with the Zacks Consensus Estimate increasing by $0.08 to $6.89 per share, and the company has an average earnings surprise of 0.4% [7]

Shares of Interactive Brokers Group (IBKR) have soared 80.5% this year. This impressive rise has significantly outpaced the 28.1% rally of the industry it belongs to and the 22.9% growth of the Zacks S&P 500 composite.Compared with its peers in the brokerage space, IBKR’s performance is notably stronger. Charles Schwab (SCHW) has gained just 3%, while Tradeweb Markets Inc. (TW) stock is up 47.9% in the same timeframe.Year-to-Date Price Performance Image Source: Zacks Investment ResearchOn Oct. 15, IBKR anno ...

Market Performance and Client Growth - The bull market has significantly benefited Interactive Brokers, with its stock up 80% in 2024, outperforming the S&P 500's 23% return [1] - The company serves a record 3 1 million client accounts as of Q3 2024, a 31% increase year-over-year, marking the strongest quarter since the meme stock frenzy in Q1 2021 [2] - Client equity reached $541 billion in Q3 2024, up 46% year-over-year, driven by both market appreciation and new deposits [2] Trading Activity and Revenue Growth - Trading activity surged in Q3 2024, with options, stock, and futures volumes growing 35%, 22%, and 13% year-over-year, respectively [4] - Total revenue for Q3 2024 was $1 36 billion, a 19% increase year-over-year, with commission revenue up 31% to $435 million due to strong trading volumes [5] - Net interest revenue grew 9% to $802 million in Q3 2024, but future growth may be hindered by Federal Reserve rate cuts [6] Financial Position and Valuation - Interactive Brokers had $55 8 billion in outstanding margin loans in Q3 2024, up 28% year-over-year, reflecting bullish investor sentiment [3] - The company's segregated cash (client money) on its balance sheet increased to $35 2 billion in Q3 2024, up from $26 3 billion in the year-ago quarter [6] - Despite a 73% stock price gain in 2024, the company trades at a P/E ratio of 22 3, a 10% discount to the S&P 500's P/E of 24 7 [7] Future Outlook - Falling interest rates may pressure Interactive Brokers' interest revenue, but higher client equity and trading volumes could offset this decline [6][8] - Analysts expect no growth in earnings per share for 2025, but record commission revenue could support further stock price gains [7][8]

My articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fundamentals of businesses and buy their shares at attractive prices. From May 2022 to May 2023, I worked as an investment advisory representative at Fidelity Investments. I am now self-employed through other ventures.Part of my technique is to write an articl ...

Interactive Brokers Group’s (IBKR) third-quarter 2024 adjusted earnings per share of $1.75 reflects a rise of 12.9% from the prior-year quarter’s actual.  The Zacks Consensus Estimate for the metric was $1.78.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results were primarily aided by an increase in revenues. The company recorded growth in customer accounts in the quarter, which, along with a rise in daily average revenue trades (DARTs), was another tailwind. However, higher expe ...