Interactive Brokers Group, Inc. IBKR shares are trading higher on Wednesday. After the stock tumbled hard at the end of November, shares came back stronger over the course of December and into the new year.
What To Know:
On Tuesday, the company reported its Electronic Brokerage monthly performance metrics for December, including highlights such as achieving 1.972 million Daily Average Revenue Trades (DARTs), which was 13% higher than the previous year and 4% higher than the previous month.
The company also announced the appointment of Rich Repetto as an independent director of the firm, which was made effective on Jan. 1.
From a macro standpoint, the stock may have also benefitted from the optimistic investor sentiment during December. On the other hand, even as the market pulls back on Wednesday, Interactive Brokers Group stock still outperformed.
Interactive Brokers Group is set to report its fourth-quarter earnings on Jan. 16, with earnings estimated to be $1.55 per share and revenue expected to be $1.14 billion.
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IBKR Price Action: Shares of IBKR were up 2.70% at $86.83 at the time of publication, according to Benzinga Pro.
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