Interactive Brokers Group Reports Brokerage Metrics And Other Financial Information For February 2024; 2.443M Daily Average Revenue Trades, 15% Higher YoY And 11% Higher MoM
Portfolio Pulse from Benzinga Newsdesk
Interactive Brokers Group, Inc. (NASDAQ:IBKR) reported its February 2024 brokerage metrics, showing significant growth across various indicators. Daily Average Revenue Trades (DARTs) increased by 15% YoY and 11% MoM to 2.443 million. Client equity rose by 35% YoY to $448.2 billion, while margin loan balances grew by 21% YoY to $47.4 billion. Client credit balances reached $102.9 billion, a 5% increase YoY. The number of client accounts grew by 24% YoY to 2.69 million, with an average of 206 annualized cleared DARTs per account. The average commission per cleared Commissionable Order was $2.85.
March 01, 2024 | 5:50 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Interactive Brokers Group, Inc. (IBKR) showcased significant growth in February 2024, with increases in DARTs, client equity, margin loan balances, and client accounts.
The reported growth in DARTs, client equity, and margin loan balances indicates a strong performance and increased trading activity, which is likely to positively impact investor sentiment and IBKR's stock price in the short term. The increase in client accounts suggests expanding market share and potential for further revenue growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100