Core Viewpoint - Interactive Brokers Group reported strong Q2 earnings, surpassing analyst expectations, which led to a significant increase in stock price by 7.65% [1][3]. Financial Performance - The company earned $0.51 per share on a GAAP basis, exceeding the forecast of $0.45 per share, with sales reaching just under $1.5 billion compared to the expected $1.4 billion [1][3]. - Earnings grew by 24% year-over-year, while revenue increased by 20%, indicating improved profit margins [3]. Customer Growth and Trading Activity - New customer accounts grew by 32% during the quarter, suggesting that revenue growth was primarily driven by existing customers [4]. - Daily average revenue trades (DARTs) increased by 49%, indicating that long-term customers were trading more frequently [4]. Future Outlook - Analysts forecast Q3 earnings to be around $0.46 per share, with modest revenue growth of only 3% year-over-year [5]. - Long-term earnings growth is projected at 12.5% annually over the next five years, but this growth rate may not justify the stock's high valuation of nearly 33 times trailing earnings [6].