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IBKR — Interactive Brokers News Story

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Interactive Brokers Q2 revenue rises 20%, beats estimates on higher trading volumes

Overview

Interactive Brokers Q2 revenue rises 20% yr/yr, beating analysts' expectations

Adjusted EPS beats consensus, driven by higher trading volumes

Company announces quarterly cash dividend of $0.08 per share

Outlook

Company highlights increase in customer accounts and equity for future growth

Company sees continued benefit from higher trading volumes

Result Drivers

TRADING VOLUMES - Commission revenue up 27% due to higher trading volumes in stocks, options, and futures

INTEREST INCOME - Net interest income increased 9% from higher customer credit balances and securities lending

CURRENCY STRATEGY - Currency diversification strategy boosted comprehensive earnings by $301 mln

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$1.48 bln$1.36 bln (5 Analysts)
Q2 Adjusted EPSBeat$0.51$0.46 (7 Analysts)
Q2 EPS$0.51
Q2 Net Income$1.01 bln
Q2 Net Interest Income$860 mln
Q2 Dividend$0.08
Q2 Pretax Profit$1.10 bln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the investment banking & brokerage services peer group is "buy" Wall Street's median 12-month price target for Interactive Brokers Group Inc is $65.00, about 8.5% above its July 16 closing price of $59.45 The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 5 three months ago Press Release: ID:nBwbytyWya (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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