Interactive Brokers Group Reports Brokerage Metrics And Other Financial Information For September 2024; 2.634M Daily Average Revenue Trades, 46% Higher Than Prior Year And 3% Lower Than Prior Month
Portfolio Pulse from Benzinga Newsdesk
Interactive Brokers Group reported strong brokerage metrics for September 2024, with significant year-over-year growth in daily average revenue trades, client equity, margin loan balances, and client accounts.
October 01, 2024 | 4:29 pm
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Interactive Brokers Group reported a 46% year-over-year increase in daily average revenue trades and a 46% increase in client equity for September 2024. Client accounts also grew by 28% year-over-year.
The significant year-over-year growth in key metrics such as DARTs, client equity, and client accounts indicates strong performance and potential positive sentiment among investors. This is likely to have a positive short-term impact on IBKR's stock price.
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IMPORTANCE 90
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