Interactive Brokers rises after Q4 profit beats expectations

Interactive Brokers

22/01/2025 12:06

** Shares of trading platform Interactive Brokers  IBKR.O 
rise 4.7% to $201.97 premarket
    ** IBKR late on Tuesday posted Q4 adjusted profit of
$2.03/shr, beating Wall Street expectations of $1.86/shr,
according to estimates compiled by LSEG
    ** Q4 commission revenue jumped 37% to $477 mln, driven by
stronger trading volumes in options and stocks      
    ** Meanwhile, Q4 net interest income rose 11% to $807 mln,
thanks to higher customer margin loans and credit balances
    ** Jefferies says strong momentum across IBKR's business
continues, led by elevated account growth and overall levels of
customer engagement remaining healthy    
    ** Brokerage says IBKR is perhaps the best-positioned firm
in the industry to capture international demand to trade U.S.
stocks
    ** IBKR stock more than doubled in 2024


 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))