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IBKR — Interactive Brokers News Story

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PREVIEW: Interactive Brokers stock rises ahead of earnings

** Interactive Brokers Group IBKR.O shares climbing 0.5% and trading near record highs on Thurs ahead of qtrly results after the bell

** Stock on Wed hit an intraday record high of $60.38. Last at $59.66 on Thurs

** Analysts expect a 5% increase in rev to $1.36 bln, per LSEG data. Adjusted EPS seen at $0.46 vs $0.44 yr-ago

** IBKR stock recently at 30 times expected earnings, per LSEG, suggesting it might be overvalued compared to its avg forward PE of 20 over past five years

** Stock has rallied about 35% YTD, outperforming Nasdaq .IXIC's 8% rise

** IBKR Chairman Thomas Peterffy on June 5 called 24-hour trading a genie that is hard to put back in the bottle, saying he expects it to account for up to 30% of IBKR's volume in next 20 yrs

 (Reporting by Noel Randewich)

 ((noel.randewich@thomsonreuters.com))

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