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Interactive Brokers' (IBKR) February DARTs Decline Y/Y
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Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment reported a year-over-year fall in Daily Average Revenue Trades (DARTs) for Feb 2017. The segment deals in clearance and settlement of trades for both individual and institutional clients globally.
Total client DARTs were 678,000, down 12% from Feb 2016. However, DARTs were up 5% from Jan 2017. Also, total customer accounts were 398,000, up 17% year over year and 2% from the prior month.
On an annualized basis, the company recorded Cleared Average DARTs per customer account of 399,000 for Feb 2017. This reflected a decrease of 24% from the prior-year month but a rise of 4% from Jan 2017.
Interactive Brokers’ total option contracts were 22.1 million, up 2% from the year-ago month and 1% from Jan 2017. However, future contracts fell 33% from Feb 2016 and 5% from Jan 2017 to 8.3 million.
Further, Interactive Brokers provides data related to period-end statistics for client equity, credit balances and margin loan balances. For the period ended Feb 2017, client equity was $92.9 billion, up 41% year over year and 4% from the previous month.
In addition, Interactive Brokers recorded client credit balance of $43.3 billion for the reported month, up 17% year over year and 2% from prior month. Further, the company’s customer margin loan balance of $19.5 billion climbed 34% from the prior-year period and 4% from the preceding month.
Notably, the Zacks Consensus Estimate for 2017 has remained unchanged at $1.48 per share, for the last 30 days. In addition, Interactive Brokers’ shares increased around 3.4% over the last one year, underperforming the 51.9% gain for the Zacks categorized Investment Brokers industry.
Among other investment brokers, TD Ameritrade Holding Corporation (AMTD - Free Report) , The Charles Schwab Corporation (SCHW - Free Report) and E*TRADE Financial Corporation are likely to come up with their respective monthly metrics data in the coming weeks.
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Interactive Brokers' (IBKR) February DARTs Decline Y/Y
Interactive Brokers Group, Inc.’s (IBKR - Free Report) Electronic Brokerage segment reported a year-over-year fall in Daily Average Revenue Trades (DARTs) for Feb 2017. The segment deals in clearance and settlement of trades for both individual and institutional clients globally.
Total client DARTs were 678,000, down 12% from Feb 2016. However, DARTs were up 5% from Jan 2017. Also, total customer accounts were 398,000, up 17% year over year and 2% from the prior month.
On an annualized basis, the company recorded Cleared Average DARTs per customer account of 399,000 for Feb 2017. This reflected a decrease of 24% from the prior-year month but a rise of 4% from Jan 2017.
Interactive Brokers’ total option contracts were 22.1 million, up 2% from the year-ago month and 1% from Jan 2017. However, future contracts fell 33% from Feb 2016 and 5% from Jan 2017 to 8.3 million.
Further, Interactive Brokers provides data related to period-end statistics for client equity, credit balances and margin loan balances. For the period ended Feb 2017, client equity was $92.9 billion, up 41% year over year and 4% from the previous month.
In addition, Interactive Brokers recorded client credit balance of $43.3 billion for the reported month, up 17% year over year and 2% from prior month. Further, the company’s customer margin loan balance of $19.5 billion climbed 34% from the prior-year period and 4% from the preceding month.
Notably, the Zacks Consensus Estimate for 2017 has remained unchanged at $1.48 per share, for the last 30 days. In addition, Interactive Brokers’ shares increased around 3.4% over the last one year, underperforming the 51.9% gain for the Zacks categorized Investment Brokers industry.
At present, Interactive Brokers carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Among other investment brokers, TD Ameritrade Holding Corporation (AMTD - Free Report) , The Charles Schwab Corporation (SCHW - Free Report) and E*TRADE Financial Corporation are likely to come up with their respective monthly metrics data in the coming weeks.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>