Interactive Brokers Group Reports Brokerage Metrics And Other Financial Information For June 2023; Reported 1.960M Daily Average Revenue Trades
Portfolio Pulse from Benzinga Newsdesk
Interactive Brokers Group, Inc. (NASDAQ:IBKR) reported its Electronic Brokerage monthly performance metrics for June 2023. The company reported 1.960 million Daily Average Revenue Trades (DARTs), 3% lower than the prior year but 5% higher than the prior month. Client equity ended at $365.0 billion, 24% higher than the prior year and 6% higher than the prior month. Client margin loan balances ended at $41.9 billion, 2% lower than the prior year but 5% higher than the prior month. The company also reported a loss of $1.6 million for the quarter ended June 30th on its U.S. government securities portfolio.
July 03, 2023 | 4:17 pm
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Interactive Brokers Group reported its June 2023 metrics, including a decrease in DARTs and an increase in client equity and margin loan balances. The company also reported a quarterly loss on its U.S. government securities portfolio.
The reported metrics show mixed results for Interactive Brokers. While there is an increase in client equity and margin loan balances, the decrease in DARTs and the reported quarterly loss on the U.S. government securities portfolio could potentially impact the company's stock price. However, the overall impact is uncertain and could be neutral in the short term.
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