Interactive Brokers Q3: accounts +35% but equity per account fell ~6% to ~$173K
Interactive Brokers ($IBKR) reported Q3 on Thursday: accounts up 35% to 5.58 million and customer equity up 27% to $964.7 billion. It also raised its dividend from $0.0875 to $0.15.
My math: equity per account slipped from ~$183.7K to ~$173.1K, about 6% lower. New accounts are coming in smaller, which helps explain revenue growing only 16%.
https://www.interactivebrokers.com/mkt/getFileNew.php?file=latestEarningsPR
Sources: @wallstengine: IBKR Q3 adj revenue $1.87B vs $1.89B est; adj EPS $0.67 vs $0.68; NII $1.15B +19% · @StockMKTNewz: Interactive Brokers now has $964.7B of customer assets, up from $288.6B in 2020
Not financial advice. For informational and educational purposes only.
In July, Treasury fined a US company $200,000 because a subsidiary failed to report a $92,478 investment in a Chinese AI and robotics…
In July, Treasury fined a US company $200,000 because a subsidiary failed to report a $92,478 investment in a Chinese AI and robotics company. Treasury announced that first-ever penalty on Oct 7. It's the enforcement backdrop for the proposed rule Treasury put out on Thursday, Oct 22, and I think it tells you how seriously this program is going to…
Viral chart: global stocks down ~$10T from highs, South Korea -43%; a 43% drop needs a 75% gain to recover
A chart going around X this weekend says global stock markets have lost about $10 trillion from their yearly highs, with South…
US semiconductor producer prices +26% YoY in September; at that pace chip prices double in about 3 years
US producer prices for chips and electronic components rose 26% YoY in September, the 6th…
Black Monday 1987 — 22.6% in a Day, Still the Benchmark
On October 19, 1987, the Dow fell 508 points, or 22.6%, closing at 1,738.74 versus 2,246.74 on October 16, still the Dow's worst one-day percentage…
On October 19, 1987, the Dow fell 508 points, or 22.6%, closing at 1,738.74 versus 2,246.74 on October 16, still the Dow's worst one-day percentage decline on record. The S&P 500 dropped 20.47%, from 282.70 to 224.84, its own worst day. Analyses…