Interactive Brokers Stock Hits All-Time High on Trading Volume Jump
Key Takeaways
Shares of Interactive Brokers Group (
IBKR
) traded at an all-time high Wednesday, a day after the electronic brokerage firm reported better-than-expected results as strong market gains led to higher consumer trading volume.
The firm posted fourth-quarter
earnings per share (EPS)
of $1.99, with revenue jumping 22% year-over-year to $1.39 billion. Both exceeded analysts’ estimates compiled by Visible Alpha.
Commissions revenue rose 37% to $477 million, with trading volume in stocks soaring 65% and options up 32%. Other fees and services revenue added 47% to $81 million.
Customer accounts increased 30% to 3.34 million, and customer equity grew 33% to $568.2 billion.
Interactive Brokers Group shares surged nearly 7% Wednesday morning to $205.83 after earlier touching a record $209.40. They have more than doubled in the past year.
CORRECTION—This story has been updated to fix the company name
.
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