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Interactive Brokers (IBKR) Records Decline in February DARTs
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Interactive Brokers Group, Inc. (IBKR - Free Report) released its Electronic Brokerage segment’s performance metrics for February. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a year-over-year decrease in Daily Average Revenue Trades (DARTs).
Total client DARTs were 824,000, down 19% from February 2018 and 3% from January 2019. Total customer accounts grew 21% from the prior-year month and 1% sequentially to 614,200.
Net new accounts were 7,400, plunging 33% year over year and 14% from the previous month. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 301,000. This reflects declines of 37% year over year and 6% from January 2019.
Interactive Brokers’ total options contracts were 22.9 million, down 32% from February 2018 and 16% from the last month. Similarly, futures contracts declined 43% from the prior-year month and 23% from the last month to 8.6 million.
At the end of February, client equity was $143.7 billion, up 10% year over year and 3% from January 2019. Further, Interactive Brokers recorded client credit balance of $52.3 billion, up 8% from the prior-year month and 3% sequentially. However, the company’s customer margin loan balance of $25.7 billion declined 8% from February 2018 but increased 8% from the prior month.
Shares of Interactive Brokers have declined more than 19% over the past year. The stock currently carries a Zacks Rank #4 (Sell).
Among other investment brokers, LPL Financial Holdings Inc. (LPLA - Free Report) , The Charles Schwab Corp. (SCHW - Free Report) and E*TRADE Financial Corp. are likely to report their monthly metrics information in the coming days.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
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Interactive Brokers (IBKR) Records Decline in February DARTs
Interactive Brokers Group, Inc. (IBKR - Free Report) released its Electronic Brokerage segment’s performance metrics for February. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a year-over-year decrease in Daily Average Revenue Trades (DARTs).
Total client DARTs were 824,000, down 19% from February 2018 and 3% from January 2019. Total customer accounts grew 21% from the prior-year month and 1% sequentially to 614,200.
Net new accounts were 7,400, plunging 33% year over year and 14% from the previous month. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 301,000. This reflects declines of 37% year over year and 6% from January 2019.
Interactive Brokers’ total options contracts were 22.9 million, down 32% from February 2018 and 16% from the last month. Similarly, futures contracts declined 43% from the prior-year month and 23% from the last month to 8.6 million.
At the end of February, client equity was $143.7 billion, up 10% year over year and 3% from January 2019. Further, Interactive Brokers recorded client credit balance of $52.3 billion, up 8% from the prior-year month and 3% sequentially. However, the company’s customer margin loan balance of $25.7 billion declined 8% from February 2018 but increased 8% from the prior month.
Shares of Interactive Brokers have declined more than 19% over the past year.
The stock currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among other investment brokers, LPL Financial Holdings Inc. (LPLA - Free Report) , The Charles Schwab Corp. (SCHW - Free Report) and E*TRADE Financial Corp. are likely to report their monthly metrics information in the coming days.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
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