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Interactive Brokers Group Announces 3Q2024 Results
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Interactive Brokers is an online brokerage that generates trading commissions (around 31% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and exchange-traded funds. Interactive Brokers also generates net interest income (about 64% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about 5% of net revenue). The firm derives about 70% of its net revenue from the US and 30% from international markets.
Interactive Brokers Group - Class A trades on the NASDAQ stock market under the symbol IBKR.
As of November 14, 2024, IBKR stock price declined to $178.17 with 219,927 million shares trading.
IBKR has a beta of 0.64, meaning it tends to be less sensitive to market movements. IBKR has a correlation of 0.10 to the broad based SPY ETF.
IBKR has a market cap of $19.39 billion. This is considered a Large Cap stock.
Last quarter Interactive Brokers Group - Class A reported $1 billion in Revenue and $1.75 earnings per share. This beat revenue expectation by $35 million and missed earnings estimates by -$.07.
In the last 3 years, IBKR traded as high as $181.21 and as low as $52.18.
The top ETF exchange traded funds that IBKR belongs to (by Net Assets): IJH, VTI, VO, VXF, MDY.
IBKR has outperformed the market in the last year with a price return of +119.2% while the SPY ETF gained +36.9%. IBKR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +51.7% and +15.5%, respectively, while the SPY returned +10.2% and +2.7%, respectively.
IBKR support price is $175.70 and resistance is $181.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IBKR shares will trade within this expected range on the day.