Interactive Brokers Q3 profit beats expectations
I'm PortAI, I can summarize articles.
Interactive Brokers reported Q3 revenue growth, surpassing analyst expectations with adjusted EPS of $0.57 against a consensus of $0.54. The company declared a quarterly cash dividend of $0.08 per share. Key drivers included a 23% increase in commission revenue from higher trading volumes and a 21% rise in net interest income due to stronger securities lending. The average analyst rating remains "buy" with a 12-month price target of $77.50, reflecting a positive outlook for the stock.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments