Shares of Interactive Brokers Group, Inc. (IBKR - Free Report) have declined 1.2% following release of its Electronic Brokerage segment’s performance metrics for October 2019. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a decrease in Daily Average Revenue Trades (DARTs).
Total client DARTs were 797,000, down 5% from September 2019 and 19% from October 2018. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 270,000. This reflects a fall of 6% sequentially and 30% year over year.
On the other hand, total customer accounts grew 1% from the prior month and 15% from the prior-year month to 673,400. Further, net new accounts were 7,200, rising 7% from September 2019 but declining 24% from October 2018.
Interactive Brokers’ total options contracts were 32.6 million, up 6% from September 2019 but down 12% year over year. Futures contracts were on par with the prior month but fell 30% from the year-ago month to 11 million.
At the end of October, client equity was $162.1 billion, up 4% sequentially and 21% year over year. Further, Interactive Brokers recorded client credit balance of $56.6 billion, up 2% on a sequential basis and 11% from October 2018. The company’s customer margin loan balance of $25.3 billion declined 1% from September 2019 and 12% from the prior-year month.
Shares of Interactive Brokers have lost 15% so far this year against 8.8% 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 monthly metrics information in the coming days.
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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.
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Shares of Interactive Brokers Group, Inc. (IBKR - Free Report) have declined 1.2% following release of its Electronic Brokerage segment’s performance metrics for October 2019. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported a decrease in Daily Average Revenue Trades (DARTs).
Total client DARTs were 797,000, down 5% from September 2019 and 19% from October 2018. On an annualized basis, the company recorded Cleared Average DARTs per customer accounts of 270,000. This reflects a fall of 6% sequentially and 30% year over year.
On the other hand, total customer accounts grew 1% from the prior month and 15% from the prior-year month to 673,400. Further, net new accounts were 7,200, rising 7% from September 2019 but declining 24% from October 2018.
Interactive Brokers’ total options contracts were 32.6 million, up 6% from September 2019 but down 12% year over year. Futures contracts were on par with the prior month but fell 30% from the year-ago month to 11 million.
At the end of October, client equity was $162.1 billion, up 4% sequentially and 21% year over year. Further, Interactive Brokers recorded client credit balance of $56.6 billion, up 2% on a sequential basis and 11% from October 2018. The company’s customer margin loan balance of $25.3 billion declined 1% from September 2019 and 12% from the prior-year month.
Shares of Interactive Brokers have lost 15% so far this year against 8.8% 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 monthly metrics information in the coming days.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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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