Interactive Brokers (NASDAQ: IBKR ) stock is up 126% since I have argued that the world's leading e-broker is a "strong buy, as margin lending boosts earnings". Despite this breathtaking rally, I am still not ready to call an end to the bullExperience as an investment analyst for a major BB-Bank, as well as private equity consultant for MBB. Currently working towards the CFA charter, having completed I&II. Passion for risk-assets (Growth, Contrarian, Emerging Market) ex-colleague and close friend of Investo ...

Core Insights - Interactive Brokers Group, Inc. (IBKR) reported strong performance metrics for its Electronic Brokerage segment in November 2024, highlighting significant growth in client Daily Average Revenue Trades (DARTs) [1] Performance Metrics - Total client DARTs in November reached 3,306,000, marking a 74.2% increase year-over-year and a 17.1% increase month-over-month [2] - Cleared average DARTs per customer account were 227, reflecting a 33.5% year-over-year increase and a 13.5% increase from October 2024 [2] Customer Accounts and Trading Activity - Total customer accounts rose to 3.23 million, up 28.9% year-over-year and 2% month-over-month, with net new accounts increasing by 72,800, a 73.3% year-over-year rise and a 12% sequential increase [3] - Total options contracts traded were 117.3 million, up 34.2% year-over-year but down 3.9% sequentially; futures contracts saw a slight year-over-year increase to 17 million but declined 6.7% from October 2024 [3] Client Equity and Balances - Client equity at the end of November was $575.9 billion, a 42.4% increase year-over-year and a 6.6% increase month-over-month [4] - Client credit balances stood at $118.8 billion, up 17.3% from November 2023 and 1% from October 2024; customer margin loan balance was $60.2 billion, increasing 42.7% year-over-year and 2.2% month-over-month [4] Stock Performance - Over the past six months, IBKR shares have gained 48.9%, outperforming the industry growth of 26.6% [5]

The latest trading session saw Interactive Brokers Group, Inc. (IBKR) ending at $191.31, denoting a -0.85% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.38%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.59%.The the stock of company has risen by 26.24% in the past month, leading the Finance sector's gain of 6.66% and the S&P 500's gain of 3.76%.Market participants will be closely following the financial results of Interactive Broke ...

Interactive Brokers Group, Inc. (IBKR) has rolled out Plan d’Epargne en Actions (PEA Classique) accounts to boost the company’s offerings for its French clients. This move aligns with the company’s efforts to enhance IBKR’s global presence by catering to the needs of its clients.Benefits Offered by IBKR’s PEA Classique AccountsPEA Classique accounts offer favorable tax exemptions, which makes it an attractive savings vehicle for eligible French clients. These accounts, through IBKR, enable French tax-reside ...

Core Viewpoint - Interactive Brokers Group (IBKR) has experienced significant stock performance, reaching an all-time high of $179.68, driven by market volatility from the U.S. presidential elections and Federal Reserve interest rate cuts [1][3]. Performance Summary - IBKR's stock has surged 116.5% year-to-date, outperforming its industry, which has rallied 39%. In comparison, peers like Charles Schwab (SCHW) and Tradeweb Markets Inc. (TW) have gained 13.1% and 45.5%, respectively [2]. - The S&P 500 Index and Dow have also seen substantial gains, closing above 6,000 and 44,000 for the first time [4]. Market Drivers - The Federal Reserve's recent interest rate cuts, including a 50 basis point reduction in September and a subsequent 25 basis point cut, have contributed to a bullish equity market environment [3]. - The heightened market volatility and trading activity are expected to continue as investors assess the impact of incoming President Donald Trump's policies [5]. Financial Performance - For the nine months ending September 30, 2024, IBKR reported a 21% year-over-year increase in commission fees to $1.22 billion and a 13% growth in net interest income to $2.34 billion [6]. - New account openings increased by 12% month-over-month in October, totaling 65,000, while Daily Average Revenue Trades (DARTs) grew 7% to 2,823,000 [7]. Strategic Initiatives - IBKR has focused on enhancing its global presence and product offerings, including the launch of the ForecastEx platform, which has attracted new clients [9]. - The company has maintained a low compensation expense relative to net revenues, at 11.5% for the first nine months of 2024, due to its technological advancements [7]. Future Outlook - Sales estimates for IBKR indicate a projected revenue of $5.11 billion for the current year (2024), with a year-over-year growth of 17.68% [10]. - Earnings estimates suggest an EPS of 6.81 for the current year, reflecting an 18.43% year-over-year growth [11]. Valuation Considerations - IBKR's forward 12-month price/earnings (P/E) ratio stands at 25.53, significantly higher than the industry average of 14.12, indicating a premium valuation [12]. - Compared to peers, IBKR's P/E ratio is above that of SCHW (20.85) but below TW (39.65) [12].

Financial Performance - For the current quarter, net revenues were $1,365 million, an increase from $1,145 million in the prior-year quarter, representing a 19% growth [233]. - Diluted earnings per share rose to $1.67, compared to $1.56 in the prior-year quarter, marking a 7% increase [232]. - Total net revenues for Q3 2024 increased by $220 million, or 19%, to $1,365 million compared to Q3 2023 [255]. - Net income for Q3 2024 was $834 million, compared to $772 million in Q3 2023 [254]. - Earnings per share for Q3 2024 were $1.68, up from $1.57 in Q3 2023 [254]. - Adjusted net revenues for the current nine-month period increased by $597 million, or 19%, to $3,798 million [290]. - Adjusted net revenues for the current quarter were $1,327 million, compared to $1,139 million in the prior-year quarter, marking a 17% increase [233]. Revenue Sources - Commission revenue increased by 31% to $435 million, driven by higher customer trading volumes in options, stocks, and futures, which rose by 35%, 22%, and 13%, respectively [234]. - Total non-interest income for 2024 was $563 million, up from $412 million in 2023 [254]. - Commissions for Q3 2024 were $435 million, compared to $333 million in Q3 2023, reflecting a significant increase [254]. - Other fees and services increased by $20 million, or 38%, to $72 million, primarily due to a $13 million increase in risk exposure fees [259]. - Commissions increased by $208 million, or 21%, to $1,220 million, driven by higher customer volume in options, futures, and stocks [291]. - Other fees and services increased by $57 million, or 40%, to $199 million, primarily due to increased risk exposure fees and higher trading volumes [292]. Customer Metrics - Customer equity reached $541.5 billion in Q3 2024, up 46% from $369.8 billion in Q3 2023 [251]. - Total customer DARTs (Daily Average Revenue Trades) increased by 42% year-over-year to 2,703 thousand in Q3 2024 [251]. - Executed order volumes for Q3 2024 were 171,620 thousand, representing a 44% increase in principal orders compared to Q3 2023 [247]. - Total accounts increased to 3,120 thousand in Q3 2024, a 28% increase from 2,431 thousand in Q3 2023 [251]. Expenses and Profitability - General and administrative expenses increased by $108 million to $153 million, primarily due to legal and regulatory matters [236]. - Non-interest expenses increased by $151 million, or 50%, to $456 million, with general and administrative expenses rising by $108 million [273]. - The pretax profit margin for the current quarter was 67%, down from 73% in the prior-year quarter [236]. - Income before income taxes increased by $69 million, or 8%, to $909 million, with a pretax profit margin of 67% [288]. - Income tax expense rose by $7 million, or 10%, to $75 million, driven by higher income before taxes and increased tax rates in Europe [286]. Assets and Equity - Total equity as of September 30, 2024, was $16.0 billion, with approximately 25% denominated in currencies other than the U.S. dollar [237]. - Consolidated equity increased by 21% to $16.0 billion as of September 30, 2024, from $13.3 billion a year earlier [337]. - As of September 30, 2024, total assets were $148.5 billion, with approximately $147.1 billion, or 99.0%, considered liquid [332]. - Cash, cash equivalents, and restricted cash increased by $6,218 million to $38.8 billion for the nine months ended September 30, 2024 [340]. Risk Management - The company employs a covariant VaR methodology to measure market risk, excluding fixed income products, which are assessed using stress tests [366]. - The proprietary pricing model continuously evaluates risks in the portfolio and rebalances positions throughout the trading day, aiming to mitigate trading losses [367]. - The risk management policies are developed by a Steering Committee chaired by the CEO, ensuring real-time monitoring of trading activities and risk parameters [365]. - The company has a comprehensive policy to assess investor suitability for trading activities, continuously monitoring accounts for excessive risk [382]. Market Conditions - U.S. market volatility, as measured by the VIX, increased by 13% from the prior-year quarter, indicating a rise in trading activity [222]. - The company faces uncertainties including fluctuating retail participation in equity markets and potential regulatory changes impacting financial services [239]. Strategic Initiatives - The company plans to continue making acquisitions on an opportunistic basis to enhance execution alternatives for customers [351]. - The company holds strategic investments in electronic trading exchanges and businesses, including beneficial ownership interests of 6.2% in BOX Options Exchange and 31.6% in Zero Hash Holdings Ltd. [350].

Performance Metrics - Total client DARTs in October 2024 were 2,823,000, a 46% increase from October 2023 and a 7.2% increase from September 2024 [2] - Annualized cleared Average DARTs per customer account was 200 in October 2024, up 13.6% year-over-year and 5.3% from September 2024 [2] - Total customer accounts reached 3.19 million, a 28.6% increase year-over-year and a 2.2% increase from the previous month [3] - Net new accounts were 65,000, up 34.9% year-over-year and 11.7% sequentially [3] Trading Activity - Total options contracts in October 2024 were 122.1 million, a 31.6% increase year-over-year and a 22.1% increase from September 2024 [3] - Future contracts declined 10.8% year-over-year to 18.3 million but increased 7.1% from September 2024 [3] Client Equity and Balances - Client equity at the end of October 2024 was $540 billion, a 47.1% increase year-over-year but a marginal decline from September 2024 [4] - Client credit balances were $117.6 billion, up 21.6% year-over-year and nearly 1% from September 2024 [4] - Customer margin loan balance was $58.9 billion, a 39.9% increase year-over-year and a 5.6% increase from the previous month [4] Stock Performance - Shares of Interactive Brokers gained 26.2% in the past six months, outperforming the industry's 12.3% growth [5] Industry Comparison - The Charles Schwab Corporation (SCHW) and LPL Financial Holdings Inc (LPLA) are expected to release their monthly performances soon [6] - The Zacks Consensus Estimate for SCHW's 2024 earnings per share remained unchanged over the past seven days, while LPLA's estimate increased by 1.3% [6]

Vancouver, British Columbia--(Newsfile Corp. - November 1, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has signed an agreement with Interactive Offers ("Interactive Offers") to provide marketing services to increase public awareness of the Company.Interactive Offers is a full-service financial advertising platform, offering a complete suite of advertising solutions in one place. Interactive Offers uses first-party data and p ...

Interactive Brokers Group, Inc. (IBKR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, IBKR crossed above the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term ...

CHICAGO, Oct. 28, 2024 /PRNewswire/ -- ForecastEx, LLC ("ForecastEx"), the first and only CFTC Designated Contract Market and Derivative Clearing Organization offering event contracts to Futures Commission Merchants (FCMs) and their customers, is pleased to announce the approval of a new Clearing Member, Robinhood Derivatives, LLC. ForecastEx offers FCMs and their customers the ability to hedge against or express conviction on the outcome of key political, economic and climate events using Forecast Contract ...