Interactive Brokers (IBKR) reported its electronic brokerage monthly performance metrics for April: 4.241M daily average revenue trades, 11% higher than prior year and 2% lower than prior month; Ending client equity of $870.9B, 48% higher than prior year and 10% higher than prior month; Ending client margin loan balances of $91.3B, 57% higher than prior year and 6% higher than prior month.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBKR:
- Interactive Brokers added to US Conviction List at Goldman Sachs
- Interactive Brokers Shareholders Back Board, Compensation and Incentive Plan
- Interactive Brokers: Strong Growth, Record Revenues, and Regulatory Tailwinds Support Reiterated Buy Rating
- Interactive Brokers Earnings Call Highlights Profitable Growth
- Interactive Brokers price target raised to $93 from $80 at BMO Capital