Markets

Interactive Brokers (IBKR) Reports a Rise in December DARTs

Multiple stacks of coins on top of a graph
Credit: Shutterstock photo

Interactive Brokers Group, Inc.IBKR has released its Electronic Brokerage segment's performance metrics for December 2018. The segment, which deals with the clearance and settlement of trades for individual and institutional clients globally, reported year-over-year increase in Daily Average Revenue Trades (DARTs).

Total client DARTs came in at 953,000, increasing 36% from December 2017 and 5% from November 2018. Total customer accounts grew 24% from the prior-year month and 1% sequentially to 598,200.

Net new accounts totaled 5,600, decreasing 37% year over year and 25% from the prior month. On an annualized basis, the company recorded Cleared Average DARTs per customer account of 360,000. This reflects a rise of 5% year over year and 4% from November 2018.

Interactive Brokers' total options contracts were 28.5 million, increasing 19% from December 2017 but declining 2% from the previous month. Likewise, futures contracts jumped 26% from the prior-year month but declined 4% from the last month to 12.4 million.

At the end of December 2018, client equity was $128.4 billion, up 3% year over year but down 6% from the previous month. Further, Interactive Brokers recorded client credit balance of $49.3 billion, increasing 4% from the prior-year month but declining 2% sequentially. However, the company's customer margin loan balance of $26.9 billion decreased 9% from December 2017 and 5% from the preceding month.

Interactive Brokers' shares have lost 7.7% in 2018 compared with the industry 's decline of 24.7%.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Among other investment brokers, LPL Financial Holdings Inc. LPLA , The Charles Schwab Corp. SCHW and E*TRADE Financial Corp. ETFC are likely to come up with their respective monthly metrics information with their quarterly results.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

LPL Financial Holdings Inc. (LPLA): Free Stock Analysis Report

The Charles Schwab Corporation (SCHW): Free Stock Analysis Report

E*TRADE Financial Corporation (ETFC): Free Stock Analysis Report

Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SCHW LPLA IBKR

Other Topics

Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More