Interactive Brokers
has released its brokerage monthly performance metrics for November,
highlighting a significant rise in clients’ accounts. This metric increased by
22% year-over-year (YoY) to 2.52 million, representing an uptick of 2% from
the preceding month.
The global electronic broker disclosed 1.898 million daily average revenue trades (DARTs) during this period. Despite experiencing a dip of 3% in DARTs compared to the previous year, the firm reported a positive uptick in various
key areas. Notably, client equity stood at $404.3 billion, showcasing a
remarkable upsurge of 27% from last year and a notable rise of 10% from
the preceding month.
Client margin loan balances jumped 8% compared to the previous
year, maintaining a steady trend in line with the figures for the previous
month. Additionally, ending client credit balances, including insured bank deposit sweeps, gained 6% and 5% compared to the prior year and month, respectively.
Interactive Brokers‘ average commission per cleared commissionable order, encompassing exchange, clearing, and regulatory fees, stood at $3.21. On average, the total cost of trade execution
regarding US Reg-NMS stock trades for IBKR PRO clients was $24,591.30 in
November.
Interactive Brokers delivered an exceptional performance in the third quarter of 2023, highlighting a substantial surge in
net revenue, which soared to $1.145 billion. This represented an upturn of 45%
YoY and a growth of 14.5% quarter-over-quarter. The adjusted figures closely
mirrored this impressive growth, standing at $1.139 billion.
Rising Earnings and
Investor Incentives
The company experienced a significant rise in diluted
earnings per share, reported at $1.56 and adjusted to $1.55. This displayed a
substantial improvement from the prior year’s $0.97 and $1.08, respectively.
The broker’s reported pre-tax income stood at a staggering $840 million, with
the adjusted figure at $834 million. This marked a substantial growth from the
preceding year’s $523 million and $580 million.
Meanwhile, Interactive Brokers recently offered an opportunity to investors in the UK for a promotion for stocks and shares in
investment savings accounts (ISAs). This offer grants eligible residents the
chance to receive a commission credit of £55, subject to specific terms and
conditions.
This promotion is a gateway for investors to
access a range of global securities while benefiting from the tax benefits
provided by ISAs, Interactive Brokers mentioned. These accounts facilitate access to various investment
products, encompassing stocks, bonds, and exchange-traded funds, both within
the UK and internationally.
Interactive Brokers
has released its brokerage monthly performance metrics for November,
highlighting a significant rise in clients’ accounts. This metric increased by
22% year-over-year (YoY) to 2.52 million, representing an uptick of 2% from
the preceding month.
The global electronic broker disclosed 1.898 million daily average revenue trades (DARTs) during this period. Despite experiencing a dip of 3% in DARTs compared to the previous year, the firm reported a positive uptick in various
key areas. Notably, client equity stood at $404.3 billion, showcasing a
remarkable upsurge of 27% from last year and a notable rise of 10% from
the preceding month.
Client margin loan balances jumped 8% compared to the previous
year, maintaining a steady trend in line with the figures for the previous
month. Additionally, ending client credit balances, including insured bank deposit sweeps, gained 6% and 5% compared to the prior year and month, respectively.
Interactive Brokers‘ average commission per cleared commissionable order, encompassing exchange, clearing, and regulatory fees, stood at $3.21. On average, the total cost of trade execution
regarding US Reg-NMS stock trades for IBKR PRO clients was $24,591.30 in
November.
Interactive Brokers delivered an exceptional performance in the third quarter of 2023, highlighting a substantial surge in
net revenue, which soared to $1.145 billion. This represented an upturn of 45%
YoY and a growth of 14.5% quarter-over-quarter. The adjusted figures closely
mirrored this impressive growth, standing at $1.139 billion.
Rising Earnings and
Investor Incentives
The company experienced a significant rise in diluted
earnings per share, reported at $1.56 and adjusted to $1.55. This displayed a
substantial improvement from the prior year’s $0.97 and $1.08, respectively.
The broker’s reported pre-tax income stood at a staggering $840 million, with
the adjusted figure at $834 million. This marked a substantial growth from the
preceding year’s $523 million and $580 million.
Meanwhile, Interactive Brokers recently offered an opportunity to investors in the UK for a promotion for stocks and shares in
investment savings accounts (ISAs). This offer grants eligible residents the
chance to receive a commission credit of £55, subject to specific terms and
conditions.
This promotion is a gateway for investors to
access a range of global securities while benefiting from the tax benefits
provided by ISAs, Interactive Brokers mentioned. These accounts facilitate access to various investment
products, encompassing stocks, bonds, and exchange-traded funds, both within
the UK and internationally.
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- Source: https://www.financemagnates.com//forex/interactive-brokers-reports-22-surge-in-client-accounts-for-november/
