Interactive Brokers Misses Q1 Earnings: Analyst Flags Weaker Securities Lending Revenue

Keefe, Bruyette & Woods analyst Kyle Voigt reiterated the Market Perform rating on Interactive Brokers Group, Inc. IBKR, with a price forecast of $181.On Tuesday, Interactive Brokers released its first-quarter results. It reported quarterly earnings of$1.88 per share, which missed the analyst consensus estimate of $1.92. The analyst noted that the earnings miss was mainly due to a decline in net interest income, largely caused by weaker securities lending revenue.In the first quarter, Interactive Brokers’  ...