BMO Capital raised the firm’s price target on Interactive Brokers (IBKR) to $82 from $80 and keeps an Outperform rating on the shares after its Q4 earnings beat. Taxes were a 5c tailwind, but pretax earnings beat consensus by 12c/share, so the results are seen as “solid”, the analyst tells investors in a research note. Net interest income also benefited from the lag from lower rates to asset yields, the firm added.
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