Interactive Brokers (IBKR) Up 1.8% On Higher November DARTs

Interactive Brokers Group, Inc.’s (NASDAQ:IBKR) Electronic Brokerage segment reported a year-over-year increase in Daily Average Revenue Trades (DARTs) for November 2017. The segment deals in clearance and settlement of trades for individual and institutional clients globally.

Following the announcement, shares of the company rallied 1.8%.

Total client DARTs came in at 795,000, up 9% from November 2016 and 14% from October 2017. Also, total customer accounts jumped 25% year over year and 2% from the prior month to 474,000.

Further, net new accounts totaled 9,500 for the reported month, surging a whopping 83% from the prior-year period and 20% from the last month. However, on an annualized basis, the company recorded Cleared Average DARTs per customer account of 395,000 in November. This reflects a decrease of 12% year over year but rose 12% from the previous month.

Interactive Brokers’ total option contracts came in at 27.8 million, increasing 13% from November 2016 and 5% from October 2017. Future contracts declined 12% from November 2016, however grew 12% from the October 2017 level to 10.9 million.

At the end of November 2017, client equity was $121.6 billion, surging 44% year over year and 1% from the previous month. Also, Interactive Brokers recorded client credit balance of $47.3 billion in the reported month, up 12% year over year and relatively on par with the prior month. Furthermore, the company’s customer margin loan balance of $27.1 billion soared 51% from the prior-year period and 7% from the preceding month.

So far this year, Interactive Brokers’ shares have gained 59.1% compared with the industry’s rally of 13.9%.



Currently, Interactive Brokers 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 (NASDAQ:AMTD) , The Charles Schwab Corp. (NYSE:SCHW) and E*TRADE Financial Corp. (NASDAQ:ETFC) are likely to deliver their respective monthly metrics information in the coming days.

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