Interactive Brokers Reports $871 Billion Client Assets
Interactive Brokers Group shares were little changed in Friday’s premarket after rising 2.7% on Thursday. The online broker’s stock is drawing new attention as investors look at strong client trading alongside a rally in financial and tech names. The Nasdaq hadn’t started regular trade in New York. Timing is key for Interactive Brokers since its results swing with trading volume, client cash and margin lending. Margin loans are what clients borrow against portfolios to buy securities. The net interest income comes from the spread the broker collects after subtracting its own interest costs.