Interactive Brokers Group, Inc. (IBKR - Free Report) has released its Electronic Brokerage segment’s performance metrics for July 2019. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a sequential decline in Daily Average Revenue Trades (DARTs).
Total client DARTs were 800,000, down 1% from June 2019 but up 7% from July 2018. Total customer accounts grew 1% from the prior month and 17% from the prior-year month to 652,100.
Net new accounts were 7,300, growing 18% sequentially but down 45% year over year. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 276,000. This reflects a fall of 1% from June 2019 and 12% from July 2018.
Interactive Brokers’ total options contracts were 28.6 million, up 10% from June 2019 and 13% from July 2018. Also, futures contracts decreased 4% from the prior month but was up 5% from the year-ago month to 10.2 million.
At the end of July, client equity was $155.6 billion, up 2% sequentially and 13% year over year. Further, Interactive Brokers recorded client credit balance of $55.8 billion, up 2% sequentially and 16% from July 2018. The company’s customer margin loan balance of $26.5 billion increased 3% from the previous month but declined 6% from the prior-year month.
Shares of Interactive Brokers have lost 8.3% so far this year against 7.2% rise of the industry it belongs to.
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) , Charles Schwab (SCHW - Free Report) and E*TRADE Financial are likely to report their monthly metrics information soon.
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Interactive Brokers Group, Inc. (IBKR - Free Report) has released its Electronic Brokerage segment’s performance metrics for July 2019. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a sequential decline in Daily Average Revenue Trades (DARTs).
Total client DARTs were 800,000, down 1% from June 2019 but up 7% from July 2018. Total customer accounts grew 1% from the prior month and 17% from the prior-year month to 652,100.
Net new accounts were 7,300, growing 18% sequentially but down 45% year over year. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 276,000. This reflects a fall of 1% from June 2019 and 12% from July 2018.
Interactive Brokers’ total options contracts were 28.6 million, up 10% from June 2019 and 13% from July 2018. Also, futures contracts decreased 4% from the prior month but was up 5% from the year-ago month to 10.2 million.
At the end of July, client equity was $155.6 billion, up 2% sequentially and 13% year over year. Further, Interactive Brokers recorded client credit balance of $55.8 billion, up 2% sequentially and 16% from July 2018. The company’s customer margin loan balance of $26.5 billion increased 3% from the previous month but declined 6% from the prior-year month.
Shares of Interactive Brokers have lost 8.3% so far this year against 7.2% rise of the industry it belongs to.
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) , Charles Schwab (SCHW - Free Report) and E*TRADE Financial are likely to report their monthly metrics information soon.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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