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 ...

Interactive Brokers (NASDAQ: IBKR ) has been growing their introducing broker business, attracting more brokers to its platform. Interactive Brokers is able to provide competitive pricing to their customers thanks to their business automation. I am initiating with a ‘Buy’ ratingMore than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche marke ...

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Q3 2024 Results Conference Call October 15, 2024 4:30 PM ET Company Participants Nancy Stuebe - Director of Investor Relations Thomas Peterffy - Founder and Chairman Milan Galik - President and Chief Executive Officer Paul Brody - Chief Financial Officer Conference Call Participants Patrick Moley - Piper Sandler James Yaro - Goldman Sachs Dan Fannon - Jefferies LLC Chris Allen - Citi Brennan Hawken - UBS Benjamin Budish - Barclays Macrae Sykes - GAMCO Operator G ...

For the quarter ended September 2024, Interactive Brokers Group, Inc. (IBKR) reported revenue of $1.37 billion, up 19.2% over the same period last year. EPS came in at $1.75, compared to $1.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.32 billion, representing a surprise of +3.30%. The company delivered an EPS surprise of -1.69%, with the consensus EPS estimate being $1.78.While investors scrutinize revenue and earnings changes year-over-year and how they com ...

Interactive Brokers Group, Inc. (IBKR) came out with quarterly earnings of $1.75 per share, missing the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.69%. A quarter ago, it was expected that this company would post earnings of $1.69 per share when it actually produced earnings of $1.76, delivering a surprise of 4.14%.Over the last four quarter ...

INTERACTIVE BROKERS GROUP ANNOUNCES 3Q2024 RESULTS — — — GAAP DILUTED EPS OF $1.81, ADJUSTED1 EPS OF $1.75 GAAP NET REVENUES OF $1,365 MILLION, ADJUSTED NET REVENUES OF $1,327 MILLION GREENWICH, CT, October 15, 2024 — Interactive Brokers Group, Inc. (Nasdaq: IBKR), an automated global electronic broker, announced results for the quarter ended September 30, 2024. Reported diluted earnings per share were $1.81 for the current quarter and $1.75 as adjusted. For the year-ago quarter, reported diluted earnings p ...

Core Points - A federal appeals court is fast-tracking the Commodity Futures Trading Commission's (CFTC) case against Kalshi regarding the legality of offering U.S. political election contracts [1][2] - Kalshi and Interactive Brokers are currently offering various political contracts, including bets on the U.S. presidential election and congressional races [1] - The CFTC has expressed concerns that election contracts could be manipulated and may undermine public trust in election integrity [2][3] Legal Proceedings - The CFTC has a tight schedule for legal briefs, with the CFTC required to file by Wednesday and Kalshi to respond by November 15 [1][2] - Oral arguments are expected to be scheduled shortly after the briefs are filed, which is unusual for federal appeals [2] - The CFTC previously lost a lawsuit attempting to block Kalshi from offering congressional control contracts but quickly appealed the ruling [3] Market Activity - Kalshi has resumed offering contracts related to congressional control and the presidential election, with over $7 million booked in contracts for the presidential election outcome as of Monday [4]