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Interactive Brokers Stock Gains 2.1% as June DARTs Increase
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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 Jun 2017. The segment deals in clearance and settlement of trades for individual and institutional clients globally.
Total client DARTs were 683,000, up 6% from Jun 2016 and 1% from May 2017. Also, total customer accounts increased 20% year over year and 2% from the prior month to 427,900.
Further, net new accounts totaled 9,800 for the reported month, surging 133% from the prior-year month and 34% from the last month. However, on an annualized basis, the company recorded Cleared Average DARTs per customer account of 374,000 in June. This reflects a decrease of 11% year over year and 1% from the prior month.
Interactive Brokers’ total option contracts were 26.4 million, increasing 16% from Jun 2016 and 4% from May 2017. Future contracts declined 8% from Jun 2016 but increased 8% from May 2017 to 10.8 million.
At the end of Jun 2017, client equity was $104.8 billion, up 42% year over year and 2% from the previous month. Also, Interactive Brokers recorded client credit balance of $45.6 billion for the reported month, up 18% year over year and 3% from the prior month. Further, the company’s customer margin loan balance of $22.7 billion jumped 51% from the prior-year period and 1% from the preceding month.
Following the announcement, shares of the company increased 2.1%. Also, so far this year, Interactive Brokers’ shares have gained 4.7% compared with the Zacks categorized Investment Brokers industry’s rally of 0.3%.
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 information along with second-quarter 2017 earnings releases.
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Interactive Brokers Stock Gains 2.1% as June DARTs Increase
Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment reported a year-over-year increase in Daily Average Revenue Trades (DARTs) for Jun 2017. The segment deals in clearance and settlement of trades for individual and institutional clients globally.
Total client DARTs were 683,000, up 6% from Jun 2016 and 1% from May 2017. Also, total customer accounts increased 20% year over year and 2% from the prior month to 427,900.
Further, net new accounts totaled 9,800 for the reported month, surging 133% from the prior-year month and 34% from the last month. However, on an annualized basis, the company recorded Cleared Average DARTs per customer account of 374,000 in June. This reflects a decrease of 11% year over year and 1% from the prior month.
Interactive Brokers’ total option contracts were 26.4 million, increasing 16% from Jun 2016 and 4% from May 2017. Future contracts declined 8% from Jun 2016 but increased 8% from May 2017 to 10.8 million.
At the end of Jun 2017, client equity was $104.8 billion, up 42% year over year and 2% from the previous month. Also, Interactive Brokers recorded client credit balance of $45.6 billion for the reported month, up 18% year over year and 3% from the prior month. Further, the company’s customer margin loan balance of $22.7 billion jumped 51% from the prior-year period and 1% from the preceding month.
Following the announcement, shares of the company increased 2.1%. Also, so far this year, Interactive Brokers’ shares have gained 4.7% compared with the Zacks categorized Investment Brokers industry’s rally of 0.3%.
Currently, Interactive Brokers carries a Zacks Rank #2 (Buy). 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 information along with second-quarter 2017 earnings releases.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>