Overview

* Interactive Brokers ( IBKR ) Q3 revenue grows, beating analyst expectations

* Adjusted EPS for Q3 beats consensus

* Company declares quarterly cash dividend of $0.08 per share

Outlook

* Interactive Brokers ( IBKR ) did not provide specific future guidance

Result Drivers

* TRADING VOLUMES - Increased customer trading volumes in stocks and options boosted commission revenue by 23%

* SECURITIES LENDING - Stronger securities lending activity and higher average customer margin loans increased net interest income by 21%

* EXPENSE REDUCTION - General and administrative expenses fell 59% due to non-recurrence of legal and regulatory costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.65 $1.51

Revenue bln bln (6

Analysts

)

Q3 Beat $0.57 $0.54 (8

Adjusted Analysts

EPS )

Q3 EPS $0.59

Q3 Net $1.18

Income bln

Q3 Net $967 mln

Interest

Income

Q3 $0.08

Dividend

Q3 $1.31

Pretax bln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $77.50, about 10% above its October 15 closing price of $69.77

* The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release:

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(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.)