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IBKR — Interactive Brokers News Story

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Interactive Brokers Q3 profit beats expectations

Overview

Interactive Brokers Q3 revenue grows, beating analyst expectations

Adjusted EPS for Q3 beats consensus

Company declares quarterly cash dividend of $0.08 per share

Outlook

Interactive Brokers did not provide specific future guidance

Result Drivers

TRADING VOLUMES - Increased customer trading volumes in stocks and options boosted commission revenue by 23%

SECURITIES LENDING - Stronger securities lending activity and higher average customer margin loans increased net interest income by 21%

EXPENSE REDUCTION - General and administrative expenses fell 59% due to non-recurrence of legal and regulatory costs

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$1.65 bln$1.51 bln (6 Analysts)
Q3 Adjusted EPSBeat$0.57$0.54 (8 Analysts)
Q3 EPS$0.59
Q3 Net Income$1.18 bln
Q3 Net Interest Income$967 mln
Q3 Dividend$0.08
Q3 Pretax Profit$1.31 bln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $77.50, about 10% above its October 15 closing price of $69.77 The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 29 three months ago Press Release: ID:nBw7fZX69a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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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