Interactive Brokers Stock-Q4 Earnings Beat Expectations

Interactive Brokers Stock

Interactive Brokers Group (IBKR:NSD) has announced strong results for Q4 2022, with the results beating analysts’ estimates. Interactive Brokers stock increased by 2.5% following the announcement and has gained 40% in the last six months.

The company provides online trading services for a variety of markets, including stocks, options, futures, currencies, crypto, gold, and more.

The adjusted earnings per share (EPS) was $1.30, compared to the consensus estimate of $1.17, and the adjusted net revenue increased from $683 million to $958 million YoY.

The highlight of the results was the net interest income which increased by 92% to $565 million, due to improved benchmark rates. The company also announced a quarterly dividend of $0.10 per share.

Wall Street analysts have a strong buy consensus on Interactive Brokers stock, with a target price of $92, which is 16% higher than the current price level.

 

Company Profile:

Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide.

The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

In addition, it offers custody, prime brokerage, securities, and margin lending services. The company serves institutional and individual customers through approximately 150 electronic exchanges and market centers.

Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.

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