Interactive Brokers Group Reports Brokerage Metrics And Other Financial Information For December 2023, Includes Reg.-NMS Execution Statistics; 1.972M Daily Average Revenue Trades, 13% Higher YoY And 4% Higher MoM
Portfolio Pulse from Benzinga Newsdesk
Interactive Brokers Group, Inc. (IBKR) reported increased brokerage metrics for December 2023. DARTs were up 13% YoY and 4% MoM, client equity grew 39% YoY, margin loans rose 14% YoY, and client credit balances increased 10% YoY. Client accounts were up 23% YoY. The company experienced a small mark-to-market loss on U.S. government securities for the quarter but a gain for the year. The GLOBAL value also rose in December and for the year.
January 02, 2024 | 5:12 pm
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Interactive Brokers reported positive growth in key brokerage metrics for December 2023, indicating a strong performance that could positively influence investor sentiment.
The reported growth in DARTs, client equity, margin loans, and credit balances, along with an increase in client accounts, suggests a robust business performance for Interactive Brokers. This is likely to be viewed positively by investors, potentially leading to a short-term uptick in the stock price. The small mark-to-market loss on U.S. government securities is unlikely to overshadow the overall positive report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100