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Interactive Brokers Stock Falls 3.6% as March DARTs Decline
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Shares of Interactive Brokers Group, Inc.’s (IBKR - Free Report) have declined 3.6% following the release of its Electronic Brokerage segment’s performance metrics for March 2018. The segment, which deals with clearance and settlement of trades for individual and institutional clients globally, reported a fall in Daily Average Revenue Trades (DARTs) for the reported month.
Total client DARTs came in at 903,000, decreasing 11% from February 2018 but increasing 39% from March 2017. Total customer accounts grew 2% from the prior month and 28% year over year to 517,400 in the reported month.
Net new accounts totaled 9,600, declining 14% from the last month but rising 22% from the prior-year month. On an annualized basis, the company recorded Cleared Average DARTs per customer account of 411,000. This reflects a decrease of 14% from the previous month but grew 10% year over year.
Interactive Brokers’ total option contracts came in at 33.7 million, down 1% from February 2018 but surging 35% from March 2017. Future contracts declined 4% from the last month but jumped 33% from the prior-year month to 14.5 million.
At the end of March 2018, client equity was $129.2 billion, dipping 1% from the previous month but increasing 33% year over year. Also, Interactive Brokers recorded client credit balance of $46.9 billion, down 1% from the prior month but rising 7% year over year. The company’s customer margin loan balance of $29.3 billion grew 5% from the preceding month and 40% from the prior-year period.
Interactive Brokers’ shares have surged 37% over the past six months, significantly outperforming the industry’s rally of 12.2%.
Among other investment brokers, TD Ameritrade Holding Corporation (AMTD - Free Report) , The Charles Schwab Corp. (SCHW - Free Report) and E*TRADE Financial Corp. are likely to come up with their respective monthly metrics information along with first-quarter 2018 earnings releases.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
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Interactive Brokers Stock Falls 3.6% as March DARTs Decline
Shares of Interactive Brokers Group, Inc.’s (IBKR - Free Report) have declined 3.6% following the release of its Electronic Brokerage segment’s performance metrics for March 2018. The segment, which deals with clearance and settlement of trades for individual and institutional clients globally, reported a fall in Daily Average Revenue Trades (DARTs) for the reported month.
Total client DARTs came in at 903,000, decreasing 11% from February 2018 but increasing 39% from March 2017. Total customer accounts grew 2% from the prior month and 28% year over year to 517,400 in the reported month.
Net new accounts totaled 9,600, declining 14% from the last month but rising 22% from the prior-year month. On an annualized basis, the company recorded Cleared Average DARTs per customer account of 411,000. This reflects a decrease of 14% from the previous month but grew 10% year over year.
Interactive Brokers’ total option contracts came in at 33.7 million, down 1% from February 2018 but surging 35% from March 2017. Future contracts declined 4% from the last month but jumped 33% from the prior-year month to 14.5 million.
At the end of March 2018, client equity was $129.2 billion, dipping 1% from the previous month but increasing 33% year over year. Also, Interactive Brokers recorded client credit balance of $46.9 billion, down 1% from the prior month but rising 7% year over year. The company’s customer margin loan balance of $29.3 billion grew 5% from the preceding month and 40% from the prior-year period.
Interactive Brokers’ shares have surged 37% over the past six months, significantly outperforming the industry’s rally of 12.2%.
The company carries a Zacks Rank #2 (Buy). 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 Corp. (SCHW - Free Report) and E*TRADE Financial Corp. are likely to come up with their respective monthly metrics information along with first-quarter 2018 earnings releases.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>