El interés en corto de Interactive Brokers Gr da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Interactive Brokers Gr. Los datos de interés en corto se actualizan cada dos semanas.

Interactive Brokers Gr (NASDAQ:IBKR) Bolsa, Informe de interés en corto

Interactive Brokers Gr

Interactive Brokers is an online brokerage that generates trading commissions (around 31% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and exchange-traded funds. Interactive Brokers also generates net interest income (about 64% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about 5% of net revenue). The firm derives about 70% of its net revenue from the US and 30% from international markets.

Interactive Brokers Group, Inc. - Class A Common Stock

Interactive Brokers Group Inc

WIIM

IBKR

Interactive Brokers Group shares are trading lower after the company reported worse-than-expected Q3 adjusted EPS results.

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) to report quarterly earnings at $1.58 per share on revenue of $14.41 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Morgan Stanley shares gained 0.2% to $112.49 in after-hours trading.</li>
<li>J.B. Hunt Transport Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) reported better-than-expected third-quarter financial results. The company reported quarterly earnings of $1.49 per share which beat the analyst consensus estimate of $1.47 per share. The company reported quarterly sales of $3.07 billion which beat the analyst consensus estimate of $3.02 billion. J.B. Hunt shares climbed 7.1% to $187.00 in the after-hours trading session.</li>
<li>Analysts are expecting Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) to post quarterly earnings at 77 cents per share on revenue of $25.29 billion. The company will release earnings before the markets open. Abbott shares gained 0.1% to $116.10 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) reported weaker-than-expected earnings for its third quarter on Tuesday. Interactive Brokers shares fell 4% to $146.85 in the after-hours trading session.</li>
<li>Analysts expect U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) to report quarterly earnings at 99 cents per share on revenue of $6.9 billion before the opening bell. U.S. Bancorp shares rose 0.6% to $47.29 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41342689/top-3-tech-and-telecom-stocks-that-could-lead-to-your-biggest-gains-this-quarter">Top 3 Tech And Telecom Stocks That Could Lead To Your Biggest Gains This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

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Morgan Stanley, Abbott Laboratories And 3 Stocks To Watch Heading Into Wednesday

Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) reported its third-quarter financial results after Tuesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/b41343825/interactive-brokers-group-announces-3q2024-results">details from the report.&nbsp;</a>
The Details: Interactive Brokers reported quarterly earnings of $1.75 per share, which missed the analyst consensus estimate of $1.82. Quarterly revenue of $1.33 billion met the analyst consensus estimate and is an increase over revenue of $1.15 billion from the same period last year.
<ul>
<li>Commission revenue increased 31% to $435 million on higher customer trading volumes. Customer trading volume in options, stocks and futures increased 35%, 22% and 13%, respectively.</li>
<li>Net interest income increased 9% to $802 million on higher customer margin loans and customer credit balances.</li>
<li>Other fees and services increased $20 million, or 38%, to $72 million, driven by increases of $13 million in risk exposure fees, $5 million in payments for order flow from exchange-mandated programs, and $2 million in FDIC sweep program fees.</li>
<li>Execution, clearing and distribution fees expenses increased 18% to $116 million, driven by a higher SEC fee rate and higher customer trading volumes.</li>
<li>General and administrative expenses increased $30 million, or 67%, to $75 million, driven primarily by a one-time charge of $12 million related to the consolidation of its European subsidiaries and a $9 million increase related to legal and regulatory matters.</li>
<li>Pretax profit margin for the current quarter was 72%. compared to pretax margin of 73% from the year-ago quarter.</li>
<li>Total equity of $16.1 billion.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/news/24/10/41321699/oil-prices-drop-after-netanyahu-says-israel-will-attack-military-not-oil-or-nuclear-targets-in-iran">Oil Prices Drop After Netanyahu Says Israel Will Attack Military, Not Oil Or Nuclear Targets In Iran</a>
IBKR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Interactive Brokers shares are down 3.27% after-hours at $147.98 at the time of publication Tuesday.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41321567/teslas-optimus-robots-were-remotely-assisted-by-humans-at-we-robot-event">Tesla&#8217;s Optimus Robots Were Remotely Assisted By Humans At &#8216;We, Robot&#8217; Event</a></li>
</ul>
Photo: Courtesy of Interactive Brokers Group, Inc.

After-Hours Center

Movers

Interactive Brokers Reports Mixed Q3 Results: EPS Miss, Revenue In-Line

Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) reported quarterly earnings of $1.75 per share which missed the analyst consensus estimate of $1.82 by 3.85 percent. The company reported quarterly sales of $1.33 billion which met the analyst consensus estimate. This is a 15.90 percent increase over sales of $1.15 billion the same period last year.

Earnings Misses

Interactive Brokers Gr Q3 2024 Adj EPS $1.75 Misses $1.82 Estimate, Sales $1.33B Inline

A wave of market-relevant news fueled an active trading session on Wall Street Tuesday, with large-cap indices falling due to sharp declines in tech and energy stocks, while small-caps outperformed, led by gains in regional banks.
At the forefront of the headlines is the massive plunge in ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) shares. The Dutch chipmaker&#8217;s stock nosedived over 16% after a technical error prematurely revealed its third-quarter earnings, originally scheduled for Wednesday, <a href="https://www.benzinga.com/markets/equities/24/10/41339229/asml-earnings-leak-sparks-broad-semiconductor-sell-off-sector-down-sharply-as-dutch-chipmaker-lo">on the company&#8217;s website. </a>
The report disclosed weaker-than-expected guidance for 2025, leading to the worst single-day drop in ASML stock since it went public in 2002.
ASML&#8217;s collapse sent shockwaves across the semiconductor sector, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) falling more than 4%, marking its worst performance since early September. Key semiconductor players were hit hard, with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) down 5% and Arm Holdings PLC-ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) tumbling 7%.
Another underperforming sector was energy. Oil prices plunged 5%, setting up their <a href="https://www.benzinga.com/markets/asia/24/10/41336413/oil-prices-take-largest-plunge-in-over-a-year-as-israel-vows-to-spare-iranian-facilities-energy-stoc">worst trading day in over a year. </a>
The sell-off followed a Monday&#8217;s report from The Washington Post, which revealed Israeli Prime Minister Benjamin Netanyahu assured the Biden administration Israel would refrain from targeting Iranian oil and nuclear facilities in any retaliatory military actions.
Meanwhile, the financial sector surged, extending its all-time highs as Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) all posted <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41331839/financial-sector-hits-record-highs-as-goldman-sachs-bank-of-america-citi-beat-q3-ea">stronger-than-expected quarterly earnings.</a>
Gains also spread to more economically sensitive regional banks, with the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) jumping over 3%, lifting the broader Russell 2000 index by 1%.
In other markets, both the U.S. dollar and Treasury yields remained steady, as there were no major updates on interest-rate expectations. Gold edged up by 0.6%, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued its recent momentum, climbing 1.3% after a 5.1% surge on Monday.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg (1-day) %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,272.05</td>
<td>1.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,942.79</td>
<td>-0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,842.20</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,221.22</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent101524&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.4% to $581.82.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.3% down to $429.46.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.1% to $491.72.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1% to $222.52.</li>
<li>The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up 1%. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 2.3%.</li>
</ul>
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul>
<li>Airlines and cruise lines rallied in reaction to lower oil prices. American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) rose 2.2%, United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) gained 2.2%. Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) and Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) rallied 7.7% and 5.5%, respectively. </li>
<li>Charles Schwab rose 7.5% after reporting stronger-than-expected quarterly results. </li>
<li>Other stocks reacting to earnings were UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>), down 7.4%; Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), up 1.8%; Bank of America Corp., up 1.9%; Goldman Sachs Group Inc., down 0.3%; Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), down 4%; PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), up 4%; State Street Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>), up 0.6% and Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>), up 13%</li>
<li>Companies slated to report earnings after the close include Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), United Arlines Holdings Inc., Omnicon Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) and J.B. Hunt Transport Services Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>). </li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41336897/3-reasons-why-a-bitcoin-all-time-high-before-the-election-is-back-in-play">3 Reasons Why A Bitcoin All-Time High Before The Election Is Back In Play</a></li>
</ul>
Photo: Shutterstock

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Commodities

Small Cap

Econ #s

Tech

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$BTC

ASML

SPDR Dow Jones Industrial Average ETF Trust

NCLH

NVDA

SCHW

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Chipmaker Stocks Sink On ASML Earnings Leak, Oil Eyes Worst 1-Day Drop This Year, Small Caps Rally: What's Driving Markets Tuesday?

Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-15. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Interactive Brokers Gr will report an earnings per share (EPS) of $1.76.
Interactive Brokers Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS beat by $0.02, leading to a 0.23% drop in the share price on the subsequent day.
Here's a look at Interactive Brokers Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.74</td>
<td>1.63</td>
<td>1.54</td>
<td>1.51</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.76</td>
<td>1.64</td>
<td>1.52</td>
<td>1.55</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>2.0%</td>
<td>2.0%</td>
<td>-4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1728914455_0.png" alt="eps graph" />
<h3>Tracking Interactive Brokers Gr's Stock Performance</h3>
Shares of Interactive Brokers Gr were trading at $151.14 as of October 11. Over the last 52-week period, shares are up 75.03%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/IBKR/earnings">To track all earnings releases for Interactive Brokers Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look at Interactive Brokers Gr's Upcoming Earnings Report

Interactive Brokers And SNB Capital Team Up To Give Investors Direct Access To Saudi Exchange

UBS analyst Brennan Hawken maintains Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) with a Buy and raises the price target from $155 to $170.

Price Target

Analyst Ratings

UBS Maintains Buy on Interactive Brokers Gr, Raises Price Target to $170

Piper Sandler analyst Patrick Moley maintains Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) with a Overweight and raises the price target from $140 to $163.

Piper Sandler Maintains Overweight on Interactive Brokers Gr, Raises Price Target to $163

Barclays analyst Benjamin Budish maintains Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) with a Overweight and raises the price target from $147 to $166.

Barclays Maintains Overweight on Interactive Brokers Gr, Raises Price Target to $166

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.interactivebrokers.com%2Fen%2Fhome.php&amp;esheet=54132460&amp;newsitemid=20241007228094&amp;lan=en-US&amp;anchor=%3Cstrong%3EInteractive+Brokers+%3C%2Fstrong%3E&amp;index=1&amp;md5=5b796deb62392fa0a308935deb217180">Interactive Brokers </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), an automated global electronic broker, today announced significant investor interest in Forecast Contracts related to the 2024 US election. Since their launch on October 3, 2024, over 1,000,000 Election Forecast Contracts have been traded. These contracts allow eligible US investors to trade predictions on political outcomes, as well as economic data releases and climate indicators, via the ForecastEx exchange.
Thomas Peterffy, Founder and Chairman of Interactive Brokers, commented, "We've seen substantial demand for election-focused contracts on our platform in just a short time. This interest underscores the growing relevance of political prediction markets. As the elections approach, we are pleased to offer investors a straightforward way to hedge against political volatility and take positions on key political, economic, and environmental outcomes."
Available Election Forecast Contracts:
Investors can trade on the following 2024 US election outcomes:
<ul>
<li>Will Kamala Harris win the US Presidential Election?</li>
<li>Will Donald Trump win the US Presidential Election?</li>
<li>Will the Democratic Party win a majority in the US House of Representatives?</li>
<li>Will the Democratic Party win a majority in the US Senate?</li>
<li>Key Senate races, including Arizona, Michigan, Montana, Nevada, Ohio, Pennsylvania, and Wisconsin.</li>
</ul>

Interactive Brokers Announces Trading In Election Forecast Contracts Surpasses 1M

Jefferies analyst Daniel Fannon maintains Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) with a Buy and raises the price target from $152 to $165.

Jefferies Maintains Buy on Interactive Brokers Gr, Raises Price Target to $165

Interactive Brokers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) launched a new range of political betting contracts, allowing U.S. investors to hedge their portfolios <a href="https://www.benzinga.com/pressreleases/24/10/b41165388/interactive-brokers-introduces-forecast-contracts-on-election-outcomes">against election-related risks.</a>
The contracts, which are available through the company's ForecastEx exchange, give traders the opportunity to speculate on the outcomes of the 2024 U.S. elections, including key races for the presidency and Congress.
Set to begin trading on Thursday at 5:15 p.m. ET, these contracts mark a significant expansion of Interactive Brokers&#8217; offerings, giving investors a new way to engage with political markets.
What Happened: Interactive Brokers introduced its election-based contracts just as KalshiEx, another major player in event-based markets, resumed accepting bets on the outcome of 2024 congressional races. 
This resumption comes after a federal appeals court lifted a ban that had prevented Kalshi from offering such contracts, which the Commodity Futures Trading Commission (CFTC) had contested, CNBC <a href="https://www.cnbc.com/2024/10/02/bets-on-congressional-races-allowed-cftc-appeals-court.html">reports</a>. While the CFTC continues its legal battle, Kalshi is moving forward with its congressional betting offerings.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41158370/wanna-put-your-money-on-trump-or-harris-crypto-based-polymarket-gets-competition-after-kal">Wanna Put Your Money On Trump Or Harris? Crypto-Based Polymarket Gets Competition After Kalshi Prevails In Court And Resumes Election Betting Contracts</a>
Alongside Kalshi&#8217;s offerings, Interactive Brokers&#8217; new Forecast Contracts give investors access to contracts on both U.S. Senate and House races, as well as the presidential election. 
These contracts allow users to bet on outcomes ranging from specific Senate races to whether the Democrats or Republicans will hold a majority in Congress. Additionally, the forecast contracts let investors trade their political insights with a simple "yes" or "no" position, with potential payouts determined by whether their predictions come true.
Why It Matters: This surge in political betting opportunities allows investors to hedge against political uncertainty, potentially protecting portfolios from election-driven market volatility. For KalshiEx, the legal decision provides a key opportunity to continue growing its market presence while regulatory challenges are ongoing.
With traders now eyeing pivotal races, speculation is heating up, particularly on the 2024 presidential election, where both Donald Trump and Vice President Kamala Harris are seen as major contenders, each currently holding a 49% chance of winning, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41170754/donald-trump-is-now-level-with-kamala-harris-at-49-5-election-odds-after-september-rollerc">according to Polymarkets.</a> Meanwhile, KalshiEx's betting markets suggest the 2024 Senate could swing Republican, with 75% of bets predicting a GOP majority, CNBC reports.
Read Next:
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<li><a href="https://www.benzinga.com/general/entertainment/24/10/41172310/vance-vs-walz-heres-how-many-people-watched-vp-debate">Vance Vs. Walz: Here&#8217;s How Many People Watched VP Debate</a></li>
</ul>
Photo: Shutterstock

Government

Sports Betting

Politics

Interactive Brokers Rolls Out Election Contracts As Kalshi Resumes High-Stakes Congressional Bets

Empowering Investors to Hedge Against Political Volatility
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.interactivebrokers.com%2Fen%2Fhome.php&amp;esheet=54130832&amp;newsitemid=20241002956164&amp;lan=en-US&amp;anchor=Interactive+Brokers&amp;index=1&amp;md5=f720f9dbe4e35c219dc218fe18bfd908">Interactive Brokers</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), an automated global electronic broker, today announced the planned launch of Forecast Contracts on upcoming US election results. This innovative addition allows US investors to trade their predictions on US political outcomes, alongside contracts on economic data releases and climate indicators, through the ForecastEx exchange. Forecast Contracts on US election results will begin trading on October 3 at 5:15 pm ET.
With the introduction of election-focused contracts, investors now have a powerful tool to manage portfolio risks tied to political uncertainty, while also expressing their views on key global events. By trading Forecast Contracts, investors can protect their portfolios from election-driven market movements or capitalize on their political insights.

Interactive Brokers Introduces Forecast Contracts On Election Outcomes, Empowering Investors To Hedge Against Political Volatility

Interactive Brokers Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>) has released the Electronic Brokerage segment&#39;s performance metrics for September 2024. The segment deals with the clearance and settlement of trades for individual and institutional clients globally. It reported a rise in client Daily Average Revenue Trades (DARTs).
<h2>IBKR&#39;s September Performance Breakdown</h2>
Total client DARTs in September were 2,634,000, which increased 46.5% from September 2023 but fell 2.9% from the last month.
On an annualized basis, the Cleared Average DARTs per customer account was 190 for September 2024. The metric increased 13.1% on a year-over-year basis but declined 4% from August 2024.
IBKR&#39;s total customer accounts rose 28.3% year over year and 1.9% from the last month to 3.1 million. Net new accounts were 58,200, witnessing a decline of 6.9% year over year and 12.7% sequentially.
Interactive Brokers&#39; total options contracts were 100 million in September 2024, up 32.5% year over year but down 10.5% sequentially. Future contracts declined marginally year over year and 15.5% from August to 17 million.
At the end of September 2024, client equity was $541.5 billion, which grew 46.4% year over year and 5.1% from the last month. IBKR recorded client credit balances of $116.7 billion, up 19.1% from September 2023 and 5.1% from the August 2024 level. The company&#39;s customer margin loan balance of $55.8 billion increased 28% from the year-ago month and 1.6% from the last month.
<h2>IBKR&#39;s Zacks Rank &amp; Price Performance</h2>
Year to date, shares of Interactive Brokers have surged 66.8%, outperforming the industry&#39;s growth of 17.7%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e4/79977.jpg?v=129376498" />
Image Source: Zacks Investment Research
Currently, IBKR has a Zacks Rank #3 (Hold).
Two other brokerage firms, The Charles Schwab Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) and LPL Financial Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpla#NASDAQ">LPLA</a>), will come out with their monthly performances in the coming days.
The Zacks Consensus Estimate for SCHW 2024 earnings per share has moved marginally downward over the past 60 days while the metric has moved marginally upward for LPLA in the past month.
At present, SCHW &amp; LPLA carry a Zacks Rank #3 each.
<a href="https://www.zacks.com/stock/news/2344607/interactive-brokers-reports-y-y-increase-in-september-client-darts?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2344607">To read this article on Zacks.com click here.</a>

Contracts

LPLA

Interactive Brokers Reports Y/Y Increase in September Client DARTs

Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for September.
Brokerage highlights for the month included:
<ul>
<li>2.634 million Daily Average Revenue Trades (DARTs)1, 46% higher than prior year and 3% lower than prior month.</li>
<li>Ending client equity of $541.5 billion, 46% higher than prior year and 5% higher than prior month.</li>
<li>Ending client margin loan balances of $55.8 billion, 28% higher than prior year and 2% higher than prior month.</li>
<li>Ending client credit balances of $116.7 billion, including $4.6 billion in insured bank deposit sweeps2, 19% higher than prior year and 4% higher than prior month.</li>
<li>3.12 million client accounts, 28% higher than prior year and 2% higher than prior month.</li>
<li>190 annualized average cleared DARTs1 per client account.
<ul>
<li>Average commission per cleared Commissionable Order3 of $2.88 including exchange, clearing and regulatory fees. Key products:</li>
</ul>
</li>
</ul>

Interactive Brokers Group Reports Brokerage Metrics And Other Financial Information For September 2024; 2.634M Daily Average Revenue Trades, 46% Higher Than Prior Year And 3% Lower Than Prior Month

Charles Schwab Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) remains well-positioned for growth, driven by higher rates, opportunistic acquisitions and rising client assets. However, a mounting expense base and subdued trading revenues are worrisome.
<h2>Tailwinds for Schwab</h2>
High Interest Rates to Aid Net Interest Margin: Schwab&#39;s net interest margin&nbsp;is likely to improve in the near term, supported by the existing high-interest rate scenario. The company&#39;s NIM expanded to 1.98% in 2023 from 1.78% in 2022 and 1.45% in 2021 on account of high rates. However, due to rising funding costs, NIM did not experience growth in the first half of 2024.
Though high funding costs and low-yielding assets on the company&#39;s balance sheet are anticipated to weigh on the metric to some extent, high rates will likely aid NIM to some degree. We project NIM to be 2.13%, 2.83% and 3.13% in 2024, 2025 and 2026, respectively.
Strategic Acquisitions to Boost Client Assets: Schwab&#39;s proactive efforts to expand its client base in advisory solutions have been bearing fruit. The company&#39;s advice solution revenues reflected a compound annual growth rate (CAGR) of 10.4% in the last five years (2018-2023). The momentum continued in the first six months of 2024.
The acquisitions of USAA&#39;s Investment Management Company, Wasmer, Schroeder &amp; Company, LLC and Motif&#39;s technology and intellectual property have strengthened the company&#39;s presence and diversified revenues.
Though the company reduced fees on certain advice solution products, revenues from these offerings witnessed growth as average client asset balances improved. SCHW&#39;s total client assets experienced a 21.2% CAGR in the five years ended 2023, primarily driven by the buyouts completed during the period. Our estimates for total client assets suggest a CAGR of 6.2% by 2026.
Encouraging Capital Distributions: As of June 30, 2024, SCHW&#39;s cash and cash equivalents were $25.4 billion, while total debt (comprising long-term debt, Federal Home Loan Bank borrowings and other short-term borrowings) was $56.8 billion.
The company&#39;s emphasis on keeping a low-cost capital structure has been supporting its capital distributions. In January 2023, the company announced a 14% hike in its quarterly dividend and has retained the same since then.
Dividend Yield
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/dd/78440.jpg?v=980550795" />
Image Source: Zacks Investment Research
The company has hiked its dividend four times in the past five years. While SCHW has an existing share repurchase plan, it has been temporarily halted to enhance liquidity and reduce debt. The company aims for a common dividend payout ratio of 20-30% of GAAP earnings. Schwab&#39;s earnings strength and decent liquidity will keep the capital distributions sustainable.
<h2>Roadblocks for Schwab</h2>
Mounting Expense Base: Rising operating expenses are likely to hamper Schwab&#39;s bottom line. Though expenses dipped in the first half of 2024, the metric witnessed a 17.5% CAGR in the past five years (ended 2023). This rise was due to high compensation, benefit costs and acquisitions.
Expense Growth Trend
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/5d/78437.jpg?v=1983191589" />
Image Source: Zacks Investment Research
While management anticipates adjusted operating expenses to rise only 2% this year, the company is expected to continue investing to bolster long-term growth and solidify business efficiency. Further, costs tied to compensation and regulatory spending, as well as strategic buyouts, are anticipated to keep operating expenses elevated in the near term.
Expenses are expected to decline 5.1% in 2024, but rise 2.3% in 2025.
Subdued Trading Revenues: Though the capital markets performance has improved recently, Schwab&#39;s trading revenues are anticipated to remain under pressure for some time.
The company&#39;s trading revenues dipped in 2022, 2023 and the first six months of 2024 because of subdued market volatility and reduced client activity. However, SCHW has been undertaking several initiatives and opportunistic buyouts to build a client base and enhance its trading income.
Nonetheless, the uncertainty surrounding the performance of the capital markets raises concerns regarding potential growth in trading revenues. Additionally, the ongoing geopolitical environment suggests that volatility and client activity are unlikely to see significant improvement in the near term.
SCHW currently carries a Zacks Rank #3 (Hold). Year to date, shares of the company have lost 7.6%, underperforming the industry&#39;s growth of 14.2%.
Year-to-Date Price Performance
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4b/78439.jpg?v=64669123" />
Image Source: Zacks Investment Research
<h2>Schwab&#39;s Peer Stocks Worth Considering</h2>
Some better-ranked Schwab&#39;s peers&#39; stocks worth considering are Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) and Interactive Brokers Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>).
Estimates for HOOD&#39;s current-year earnings have been revised 38.2% upward in the past 60 days. The company&#39;s shares have risen 33.1% in the past six months. HOOD sports a Zacks Rank #1 (Strong Buy) at present.
Estimates for IBKR&#39;s current-year earnings have remained unchanged in the past month. The company&#39;s shares have risen 21.6% in the past six months. IBKR carries a Zacks Rank #2 (Buy) at present.
<a href="https://www.zacks.com/stock/news/2338539/high-rates-strategic-buyouts-aid-schwab-amid-rising-expenses?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2338539">To read this article on Zacks.com click here.</a>

Dividends

Offerings

HOOD

High Rates & Strategic Buyouts Aid Schwab Amid Rising Expenses

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/13/final-trades-tesla-interactive-brokers-suncor-energy-and-the-ijr.html">Halftime Report Final Trades</a>,&#8221; Bryn Talkington of Requisite Capital Management said Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) continues to have some of the highest call premium in the market.
Tesla has made its 100 millionth 4680 cell to be used inside its Cybertruck vehicle, the company said on Saturday. The Austin, Texas-based company announced the milestone on the social media platform X. 
"Produced our 100 millionth 4680 cell across all our factories!," the company wrote, with an adjoining image of a Tesla-made humanoid robot holding up the<a href="https://www.benzinga.com/news/24/09/40867760/elon-musk-reacts-as-tesla-makes-100-millionth-4680-cells-enough-to-produce-over-73-500-cybertrucks"> landmark 100 millionth cell.</a>
Tesla CEO Elon Musk commented on the news via X.com. See below.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congratulations Tesla cell team! <a href="https://t.co/oK4WaeWZ6p">https://t.co/oK4WaeWZ6p</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1835124037934367098?ref_src=twsrc%5Etfw">September 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/09/40873304/teslas-cybertruck-sales-in-july-nearly-matched-those-of-all-over-ev-trucks-combined-report">Tesla&#8217;s Cybertruck Sales In July Nearly Matched Those Of All Over EV Trucks Combined</a>
Joseph M. Terranova of Virtus Investment Partners said look for Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) to push well above its May high level of $129.
On Sept. 9, UBS analyst Brennan Hawken maintained Interactive Brokers with a Buy rating and raised the price target from $145 to $155.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Rob Sechan of NewEdge Wealth picked Suncor Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), which is up 15% for the year, but 15% off its high level.
On Sept. 13, RBC Capital analyst Greg Pardy reiterated Suncor Energy with an Outperform and maintained a C$67 price target.
Jim Lebenthal of Cerity Partners named iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>) as his final trade.
Price Action:
<ul>
<li>Tesla gained 0.2% to close at $230.29 during Friday's session.</li>
<li>Interactive Brokers shares gained 3.6% to settle at $128.07 on Friday.</li>
<li>Suncor Energy shares rose 0.4% to close at $36.44.</li>
<li>iShares Core S&amp;P Small-Cap ETF gained 2.6% during Friday's session.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics"> </a>
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></li>
</ul>
Image: Courtesy of Tesla

Long Ideas

Media

TSLA

Tesla, Interactive Brokers, Suncor Energy And More: CNBC's 'Final Trades'

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Interactive Brokers Group, Inc. (IBKR) Q3 2024 Earnings Call Transcript

Interactive Brokers: Growing Introducing Broker Business; Initiate With 'Buy'

Barclays analyst Benjamin Budish maintained a Buy rating on Interactive Brokers (IBKR – Research Report) today and set a price target of $165.00. T...

Barclays Keeps Their Buy Rating on Interactive Brokers (IBKR)

Biggest stock movers Wednesday: ASML, JBHT, and more

In a report released today, Christopher Allen from Citi reiterated a Buy rating on Interactive Brokers (IBKR – Research Report). The company's shar...

Interactive Brokers (IBKR) Gets a Buy from Citi

Piper Sandler analyst Patrick Moley maintained a Buy rating on Interactive Brokers (IBKR – Research Report) today and set a price target of $163.00...

Interactive Brokers (IBKR) Gets a Buy from Piper Sandler

In a report released yesterday, Daniel Fannon from Jefferies maintained a Buy rating on Interactive Brokers (IBKR – Research Report), with a price ...

Interactive Brokers: Promising Outlook with Robust Account Growth and Strategic Innovations Justifies Buy Rating

Interactive Brokers Group declares $0.25 dividend

Investors show signs of 'enthusiastic faith' in Tesla, Trump Media, IBKR says

Biggest stock movers Wednesday: NVAX, UAL, ASML, JBHT, and more

NVAX

TSLL

Press Releases

Interactive Brokers Introduces Access to Stocks on Bursa Malaysia

Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for August 2024, includes Reg.-NMS Execution Statistics

Interactive Brokers Group to Host Third Quarter Earnings Conference Call

Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for September 2024, includes Reg.-NMS Execution Statistics

Interactive Brokers Introduces Forecast Contracts on Election Outcomes

ForecastEx LLC Launches Contracts on U.S. Election Outcomes

Interactive Brokers Announces Trading in Election Forecast Contracts Surpasses 1,000,000 on Successful Launch

Interactive Brokers and SNB Capital Enable Investors to Access the Saudi Exchange

Interactive Brokers Group Announces 3Q2024 Results

Interactive Brokers Opens New Office in DIFC Dubai

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Goldman Sachs Gr

Houlihan Lokey, Inc. Class A Common Stock

Houlihan Lokey

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Jefferies Financial Group Inc. Common Stock

Jefferies Financial Gr

Lazard

LPL Financial Holdings Inc. - Common Stock

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UP Fintech Holding Limited - American Depositary Shares representing fifteen Class A Ordinary Shares

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