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Interactive Brokers' (IBKR) May DARTs Increase, Stock Up
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Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment reported a year-over-year increase in Daily Average Revenue Trades (DARTs) for May 2017. The segment deals in clearance and settlement of trades for individual and institutional clients globally.
Total client DARTs were 675,000, up 5% from May 2016. Similarly, DARTs were up 5% from the prior month. Also, total customer accounts increased 19% year over year and 2% from the prior month to 418,000.
On an annualized basis, the company recorded Cleared Average DARTs per customer account of 378,000 in May. This reflects a decrease of 11% year over year. However, the figure is up 3% from the prior month.
Interactive Brokers’ total option contracts were 25.4 million, increasing 24% from May 2016 and 25% from Apr 2017. Future contracts declined 2% from May 2016 but increased 12% from Apr 2017 to nearly 10 million.
For the period ended May 2017, client equity was $103 billion, up 42% year over year and 4% from the previous month.
Additionally, Interactive Brokers recorded client credit balance of $44.3 billion for the reported month, up 14% year over year. However, the figure remained stable from the prior month. Further, the company’s customer margin loan balance of $22.4 billion increased 48% from the prior-year period and 3% from the preceding month.
Following the announcement, shares of the company increased 1%. However, in the last one year, Interactive Brokers’ shares have lost around 10.1% compared with the Zacks categorized Investment Brokers industry’s growth of 31.8%.
Currently, Interactive Brokers carries a Zacks Rank #5 (Strong Sell).
Among other investment brokers, TD Ameritrade Holding Corporation (AMTD - Free Report) , The Charles Schwab Corp. (SCHW - Free Report) and E*TRADE Financial Corp. are likely to come up with their respective monthly metrics data in the coming weeks.
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Interactive Brokers' (IBKR) May DARTs Increase, Stock Up
Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment reported a year-over-year increase in Daily Average Revenue Trades (DARTs) for May 2017. The segment deals in clearance and settlement of trades for individual and institutional clients globally.
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Total client DARTs were 675,000, up 5% from May 2016. Similarly, DARTs were up 5% from the prior month. Also, total customer accounts increased 19% year over year and 2% from the prior month to 418,000.
On an annualized basis, the company recorded Cleared Average DARTs per customer account of 378,000 in May. This reflects a decrease of 11% year over year. However, the figure is up 3% from the prior month.
Interactive Brokers’ total option contracts were 25.4 million, increasing 24% from May 2016 and 25% from Apr 2017. Future contracts declined 2% from May 2016 but increased 12% from Apr 2017 to nearly 10 million.
For the period ended May 2017, client equity was $103 billion, up 42% year over year and 4% from the previous month.
Additionally, Interactive Brokers recorded client credit balance of $44.3 billion for the reported month, up 14% year over year. However, the figure remained stable from the prior month. Further, the company’s customer margin loan balance of $22.4 billion increased 48% from the prior-year period and 3% from the preceding month.
Following the announcement, shares of the company increased 1%. However, in the last one year, Interactive Brokers’ shares have lost around 10.1% compared with the Zacks categorized Investment Brokers industry’s growth of 31.8%.
Currently, Interactive Brokers carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among other investment brokers, TD Ameritrade Holding Corporation (AMTD - Free Report) , The Charles Schwab Corp. (SCHW - Free Report) and E*TRADE Financial Corp. are likely to come up with their respective monthly metrics data in the coming weeks.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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