Interactive Brokers Group Reports Brokerage Metrics And Other Financial Information For September 2023, Includes Reg.-NMS Execution Statistics; 1.798M Daily Average Revenue Trades, 8% Lower Than Prior Year And 7% Lower Than Prior Month
Portfolio Pulse from Benzinga Newsdesk
Interactive Brokers Group, Inc. (NASDAQ:IBKR) reported its Electronic Brokerage monthly performance metrics for September 2023. The company reported 1.798 million Daily Average Revenue Trades (DARTs), 8% lower than the prior year and 7% lower than the prior month. Client equity ended at $369.8 billion, 29% higher than the prior year but 2% lower than the prior month. Client margin loan balances ended at $43.6 billion, 8% higher than the prior year and 4% higher than the prior month. The company also reported 2.43 million client accounts, 21% higher than the prior year and 3% higher than the prior month.
October 02, 2023 | 4:21 pm
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Interactive Brokers Group reported lower Daily Average Revenue Trades (DARTs) and client equity for September 2023 compared to the prior month, but higher client equity and client accounts compared to the prior year.
The reported metrics show a mixed picture for Interactive Brokers. While DARTs and client equity have decreased compared to the prior month, they have increased compared to the prior year. This suggests that while there may be short-term fluctuations, the overall trend for the company is positive. However, the decrease in DARTs could potentially impact the company's revenue, which may have a neutral impact on the stock price in the short term.
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