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Interactive Brokers Stock Up 2.2% as January DARTs Improve
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Shares of Interactive Brokers Group, Inc.’s (IBKR - Free Report) have rallied 2.2% since its Electronic Brokerage segment reported a year-over-year increase in Daily Average Revenue Trades (DARTs) for January 2018, last week. The segment deals in clearance and settlement of trades for individual and institutional clients globally.
Total client DARTs came in at 903,000, surging 40% from January 2017 and 29% from December 2017. Total customer accounts jumped 27% year over year and 3% from the prior month to 496,700 in the reported month.
Further, net new accounts totaled 13,800, surging a whopping 126% from the prior-year period and 55% from the last month. Also, on an annualized basis, the company recorded Cleared Average DARTs per customer account of 430,000 in January. This reflects an increase of 12% year over year and 26% from the previous month.
Interactive Brokers’ total option contracts came in at 34.6 million, increasing 58% from January 2017 and 44% from December 2017. Future contracts grew 49% from the last-year month and 33% from last month to 13 million.
At the end of January 2018, client equity was $133.9 billion, surging 50% year over year and 7% from the previous month. Also, Interactive Brokers recorded client credit balance of $48.1 billion in the reported month, up 13% year over year and 1% from the prior month. The company’s customer margin loan balance of $30.1 billion soared 61% from the prior-year period and 2% from the preceding month.
Interactive Brokers’ shares have gained 62% over the past six months, significantly outperforming the industry’s rally of 18.8%.
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 in the coming days.
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.
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Interactive Brokers Stock Up 2.2% as January DARTs Improve
Shares of Interactive Brokers Group, Inc.’s (IBKR - Free Report) have rallied 2.2% since its Electronic Brokerage segment reported a year-over-year increase in Daily Average Revenue Trades (DARTs) for January 2018, last week. The segment deals in clearance and settlement of trades for individual and institutional clients globally.
Total client DARTs came in at 903,000, surging 40% from January 2017 and 29% from December 2017. Total customer accounts jumped 27% year over year and 3% from the prior month to 496,700 in the reported month.
Further, net new accounts totaled 13,800, surging a whopping 126% from the prior-year period and 55% from the last month. Also, on an annualized basis, the company recorded Cleared Average DARTs per customer account of 430,000 in January. This reflects an increase of 12% year over year and 26% from the previous month.
Interactive Brokers’ total option contracts came in at 34.6 million, increasing 58% from January 2017 and 44% from December 2017. Future contracts grew 49% from the last-year month and 33% from last month to 13 million.
At the end of January 2018, client equity was $133.9 billion, surging 50% year over year and 7% from the previous month. Also, Interactive Brokers recorded client credit balance of $48.1 billion in the reported month, up 13% year over year and 1% from the prior month. The company’s customer margin loan balance of $30.1 billion soared 61% from the prior-year period and 2% from the preceding month.
Interactive Brokers’ shares have gained 62% over the past six months, significantly outperforming the industry’s rally of 18.8%.
The company 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 in the coming days.
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>>