Overview

* Interactive Brokers ( IBKR ) Q2 revenue rises 20% yr/yr, beating analysts' expectations

* Adjusted EPS beats consensus, driven by higher trading volumes

* Company announces quarterly cash dividend of $0.08 per share

Outlook

* Company highlights increase in customer accounts and equity for future growth

* Company sees continued benefit from higher trading volumes

Result Drivers

* TRADING VOLUMES - Commission revenue up 27% due to higher trading volumes in stocks, options, and futures

* INTEREST INCOME - Net interest income increased 9% from higher customer credit balances and securities lending

* CURRENCY STRATEGY - Currency diversification strategy boosted comprehensive earnings by $301 mln

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.48 $1.36

Revenue bln bln (5

Analysts

)

Q2 Beat $0.51 $0.46 (7

Adjusted Analysts

EPS )

Q2 EPS $0.51

Q2 Net $1.01

Income bln

Q2 Net $860 mln

Interest

Income

Q2 $0.08

Dividend

Q2 $1.10

Pretax bln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment banking & brokerage services peer group is "buy"

* Wall Street's median 12-month price target for Interactive Brokers Group Inc ( IBKR ) is $65.00, about 8.5% above its July 16 closing price of $59.45

* The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)