Interactive Brokers Gr Stock (NASDAQ: IBKR)

Dernières nouvelles pour Interactive Brokers Gr (NASDAQ:IBKR) Stock

Interactive Brokers Gr

Interactive Brokers is an online brokerage that generates trading commissions (around 31% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and exchange-traded funds. Interactive Brokers also generates net interest income (about 64% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about 5% of net revenue). The firm derives about 70% of its net revenue from the US and 30% from international markets.

Interactive Brokers Group, Inc. - Class A Common Stock

Interactive Brokers Group Inc

Charles Schwab Corp.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) incoming CEO, Rick Wurster has announced that the company is gearing up to offer spot cryptocurrency trading once the regulatory environment in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">U.S. becomes more favorable</a>.
What Happened: Wurster, currently serving as the firm's president, shared his thoughts in a Bloomberg Radio interview, highlighting the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">potential shift in regulations</a> under President-elect Donald Trump's administration.
"We will get into spot crypto when the regulatory environment changes," Wurster <a href="https://www.bloomberg.com/news/articles/2024-11-21/charles-schwab-eyes-spot-crypto-trading-once-regulations-change">said </a>Thursday. "We do anticipate that it will change, and we're preparing for that eventuality."
The competition for retail investors' attention has been intensifying since the pandemic, and this trend has only accelerated following the recent U.S. presidential election. 
Schwab, which has been active in the investment space for decades, faces stiff competition from newer players like Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Webull, as well as long-standing rivals such as Fidelity Investments and Interactive Brokers Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>).
All firms are vying to attract clients by rolling out new products, including those tied to cryptocurrency.
While Schwab currently offers crypto-linked exchange-traded funds (ETFs) and crypto futures, Wurster acknowledged the growing role of cryptocurrency in the retail investment landscape. 
"Crypto has certainly caught many people's attention, and they've made a lot of money doing it," he said.
However, he added with a touch of humor, "I have not bought crypto, and now I feel silly."
Although Wurster does not plan to invest in cryptocurrency personally, he expressed his support for Schwab clients who choose to do so. 
This stance aligns with Schwab's broader strategy of meeting client demands while navigating the evolving financial landscape.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114012/bitcoin-price-hitting-100000-in-november-polymarket-traders-speculate-it-might-go-even-higher">Bitcoin Price Hitting $100,000 In November? Polymarket Traders Speculate It Might Go Even Higher</a>
Why It Matters: Wurster's remarks come as Charles Schwab Corp. prepares for a leadership transition.
Current CEO Walt Bettinger, who has led the company since 2008, will step down at the start of next year as he approaches the firm's mandatory retirement age of 65.
Wurster, who joined Schwab in 2016 and has served as president since 2021, is set to take over the top role.
In addition to discussing cryptocurrency, Wurster emphasized the transformative role of artificial intelligence (AI) in wealth management. 
He noted that Schwab has implemented AI tools to enhance customer service efficiency significantly.
"Previously, about 60,000 times a month, our representatives would spend more than three minutes searching for information to answer client questions," Wurster said. "Now we have AI capabilities that retrieve that information in seconds."
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Charles Schwab Prepares For Spot Cryptocurrency Trading Under New Leadership

In the current session, the stock is trading at $188.20, after a 1.45% increase. Over the past month, Interactive Brokers Gr Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) stock increased by 27.32%, and in the past year, by 129.49%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1732123820_0.png" alt="Past Year Chart" />

<h3>Comparing Interactive Brokers Gr P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Interactive Brokers Gr has a lower P/E than the aggregate P/E of 31.56 of the Capital Markets industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1732123820_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

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Price Over Earnings Overview: Interactive Brokers Gr

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/11/11/final-trades-salesforce-lockheed-martin-interactive-brokers-and-the-ijr.html">Halftime Report Final Trades</a>,&#8221; Rob Sechan of NewEdge Wealth named Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) as <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41857054/salesforce-shares-are-trading-higher-today-what-you-need-to-know">his final trade.</a>
The company, last week, revealed plans to hire over 1,000 employees to support the sales push for its new AI product, Agentforce, which targets the growing demand for AI-driven automation across various business functions
Jim Lebenthal of Cerity Partners picked Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), saying the world will still be a violent place. &#8220;I know our incoming President [Donald Trump] has the noble goals of curtailing a lot of military activity overseas. I'm not sure it's really in his power,&#8221; he added.
On Oct. 29, Barclays analyst David Strauss maintained Lockheed Martin with an Equal-Weight and raised the price target from $505 to $565.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Anastasia Amoroso of iCapital picked iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>), saying it's not too late to add to small caps.
Joseph M. Terranova of Virtus Investment Partners said Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is the best performing financials stock for them.
On Oct. 15, Interactive Brokers reported quarterly earnings of $1.75 per share, which missed the analyst consensus estimate of $1.82. Quarterly revenue of $1.33 billion met the analyst consensus estimate and is an increase over revenue of $1.15 billion from the same period last year.
Price Action:
<ul>
<li>Salesforce shares gained 6.1% to close at $341.73 during Monday's session.</li>
<li>Lockheed Martin shares rose 1.1% to settle at $570.58 during Monday's session.</li>
<li>iShares Core S&amp;P Small-Cap ETF gained 1.6% during Monday's session.</li>
<li>Interactive Brokers shares gained 5.7% to close at $179.49 on Monday.</li>
</ul>
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CNBC Halftime Report Final Trades: Salesforce, Lockheed Martin, Interactive Brokers Group, iShares Core S&P Small-Cap ETF

Stocks and cryptocurrencies saw heavy action during the after-hours trading session during the 2024 election thanks to the expansion of 24-hour trading at companies like Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), which sees the extended hours as a key user<a href="https://www.benzinga.com/markets/equities/24/08/40242234/robinhood-ceo-vlad-tenev-says-24-hour-market-trading-volume-approaching-30b-we-are-really-excite"> growth item moving forward.</a>
Here's a look at the top trading tickers and cryptocurrencies on Tuesday night.
What Happened: Investors closely watched the stock market and cryptocurrencies as Donald Trump pulled ahead in the 2024 election and was <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">declared the winner</a> by the Associated Press in the early hours of Wednesday morning.
Years ago, investors would have had to wait until the stock market opened to start buying their favorite stocks linked to a potential Trump win, but that wasn't the case Tuesday night.
As Trump pulled ahead in the race, shares of Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), a media company the president co-founded, <a href="https://www.benzinga.com/markets/equities/24/11/41767200/trump-media-stock-djt-jumps-33-77-in-pre-market-as-ex-president-inches-closer-to-white-house-vic">surged ahead.</a> Electric vehicle company Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also gained significantly, fueled by CEO Elon Musk's close ties with Trump and the expectation that the incoming administration may create a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41755274/trump-win-could-hinder-tech-ev-sector-growth-slow-the-pace-of-ai-revolution-analyst">more favorable environment</a> for Tesla, potentially challenging its competitors and boosting its share price outlook.
Robinhood reported its largest overnight session since launching the 24-hour market. This included the company's recently launched 2024 election contracts <a href="https://x.com/RobinhoodApp/status/1854017622758862891">passing </a>a milestone of 400 million contracts traded.
The <a href="https://www.benzinga.com/general/sports-betting/24/11/41719799/robinhood-passes-100-million-2024-election-contracts-do-users-favor-trump-or-harris-on-sto">company reported the</a> 100 million contract milestone ahead of the election and later reported that the figure had doubled to 200 million <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41756372/robinhoods-election-contracts-hit-200-million-trades-on-election-day">around one day later</a>. A total of over 500,000 Robinhood users <a href="https://x.com/RobinhoodApp/status/1854006857918300538">traded </a>election contracts according to the company.
Trading volume Tuesday night was around 11 times more than the company's usual overnight volume from 8 p.m. ET to 4 a.m. ET.
Here were the top 10 traded stocks and ETFs Tuesday night during the overnight trading session, according to Robinhood. The company did not specify the leaders in volume order, so they are listed below in alphabetical order by ticker:
<ul>
<li>Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
<li>Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)</li>
<li>iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)</li>
<li>MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)</li>
<li>SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Direxion Daily TSLA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLL#NASDAQ">TSLL</a>)</li>
<li>ProShares UltraPro QQQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TQQQ#NASDAQ">TQQQ</a>)</li>
</ul>
Robinhood also reported that the top three traded cryptocurrencies Tuesday night, in no particular order, were Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110624">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The heavy volume from Robinhood came as many expected potential volatility in after-hours and extended-hours trading for brokerages that offer these services to their customers.
"We don't expect to have any issues at this point in time," an Interactive Brokers spokesperson told <a href="https://www.bloomberg.com/news/articles/2024-11-05/legions-of-day-traders-are-bracing-for-election-day-disruptions?sref=TBDibEcD">Bloomberg </a>ahead of the election. "We've seen heavy trading volumes on the exchange with over 50 million presidential contracts traded today."
Like Robinhood and others, Interactive Brokers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) <a href="https://www.benzinga.com/government/24/10/41174915/interactive-brokers-rolls-out-election-contracts-as-kalshi-resumes-high-stakes-congressional-bets">offered 2024 election contracts</a> through its ForecastEx LLC subsidiary. From Oct. 4 through the end of the day on Nov. 4, Interactive Brokers saw over 220 million 2024 election contracts traded, the company said. &nbsp;
The inclusion of election contract trading and having cryptocurrencies on the platform likely contributed to Robinhood's record night.
The list of 10 tickers above shows that several of them (COIN, IBIT, MSTR) were related to the cryptocurrency sector. Bitcoin hit all-time highs of $75,361.09 Wednesday morning and traded higher during the run-up to Trump&#8217;s declaration as the victor of the 2024 election.
Several brokers offer 24-hour trading of stocks and ETFs. Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) recently announced <a href="https://www.benzinga.com/fintech/24/10/41627496/schwab-expands-24-hour-trading-to-include-all-stocks-in-s-p-500-nasdaq-100-hundreds-of-etfs">that it would expand</a> 24-hour trading to all stocks in the S&amp;P 500 and Nasdaq 100 indexes in 2025.
The New York Stock Exchange, which is owned by Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), is <a href="https://www.benzinga.com/markets/equities/24/10/41561907/nyse-to-extend-arca-exchange-trading-to-22-hours-per-day">looking to extend trading hours </a>of the Arca Exchange to 22 hours a day from 1:30 a.m. ET to 11:30 p.m. ET subject to regulatory approval.
The 2024 election may change many things going forward, including the likelihood that investors will have more options to trade stocks, ETFs and cryptocurrencies more hours in the day.
HOOD Price Action: Robinhood stock is up 18.6% to $29.62 on Wednesday, hitting new 52-week highs of $29.27 early in the trading session. The stock is up 139% year-to-date in 2024.
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Robinhood Reports Record Overnight Trading Volume, 400 Million 2024 Election Contracts Traded

This year's presidential election could go down as the race that changed the way people around the world can bet on sportsbooks and prediction markets, such as whether Donald Trump or Vice President Kamala Harris will win the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
Investment company Public.com took a shot at the rising growth of prediction markets in a social media post on Tuesday. 
What Happened: The growth of <a href="https://www.benzinga.com/topic/polymarket">prediction markets such as</a> Polymarket and Kalshi witnessed billions of dollars placed on predictions of Harris or Trump winning the 2024 election race.
While election polls predict a close head-to-head battle between Harris and Trump, prediction markets show a dominant win by Trump,<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41463756/polymarket-to-review-user-base-in-light-of-whales-betting-millions-on-trump-election-win"> prompting some callouts</a> that the markets might be heavily influenced by some large bettors and not as accurate as polls.
Public.com teased a new way to bet on the 2024 election in a post on X.
"With Election Day 2024 just a week away, we're excited to introduce the best way to place a bet on your preferred candidate," Public.com <a href="https://x.com/public/status/1851295736631267526">posted </a>with a link.
While many were expecting the link to take them to a new prediction market from Public, a company that lets users invest in stocks, cryptocurrency, bonds and options, they were met with something entirely different.
The link, which is viewed as placeyourbet.us, redirects to the Vote.org website and shares polling locations by state.
That's right, Public.com is telling Americans who might want to bet on Harris or Trump winning the 2024 election that the best way to wager on their preferred candidate is to get out and vote.
Did You Know?
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</ul>
Why It's Important: The post by Public.com comes at a time when prediction markets are soaring and shortly after financial services company Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)<a href="https://www.benzinga.com/news/24/10/41573989/harris-vs-trump-robinhood-launches-election-event-contracts-for-traders-as-2024-presidential-race-he"> announced the launch</a> of presidential election event contracts through its subsidiary Robinhood Derivatives, LLC.
Robinhood recently became the latest company to let its users trade based on whether they think Harris or Trump will win the 2024 election, with a select number of U.S. customers currently having access to the contracts.
Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) <a href="https://www.benzinga.com/government/24/10/41174915/interactive-brokers-rolls-out-election-contracts-as-kalshi-resumes-high-stakes-congressional-bets">announced the launch</a> of political betting contracts earlier this month. The contracts come from the company's ForecastEx exchange and allow users to speculate on the winners of the 2024 presidential election and key Congressional races.
Kalshi, which is <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41158370/wanna-put-your-money-on-trump-or-harris-crypto-based-polymarket-gets-competition-after-kal">legal for prediction markets </a>in the U.S., allows users to wager on various outcomes including the U.S. election. A prediction market for the 2024 presidential winner has more than $102 million in wagers.
Polymarket is open to international residents and allows users to deposit funds using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) via the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) network, or directly from a crypto account with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
The company's prediction market for the 2024 presidential election has attracted over $2.7 billion in wagers.
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Photo: Gorodenkoff via Shutterstock

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Public.com Announces 'The Best Way To Place A Bet' On The 2024 Election — And It's Not Prediction Markets

ForecastEx, LLC ("ForecastEx"), the first and only CFTC Designated Contract Market and Derivative Clearing Organization offering event contracts to Futures Commission Merchants (FCMs) and their customers, is pleased to announce the approval of a new Clearing Member, Robinhood Derivatives, LLC.
ForecastEx offers FCMs and their customers the ability to hedge against or express conviction on the outcome of key political, economic and climate events using Forecast Contracts. For example, a customer who believes that Kamala Harris will win the 2024 US presidential election could submit a bid for the "Yes" contract of the event pair titled "Will Kamala Harris win the US Presidential Election in 2024?". If Kamala Harris is certified as the winner by the US Congress, then the holder of that "Yes" contract will be paid $1.00 and the holder of the "No" contract, $0. If the cost to purchase that "Yes" contract was $0.37, then the purchaser would earn $0.63 per contract.

Interactive Brokers' ForecastEx Announces The Approval Of A New Clearing Member, Robinhood Derivatives

<a href="https://www.benzinga.com/">Benzinga</a>, a leading voice in financial media for modern investors, has announced the finalists for its 10th annual <a href="https://www.benzinga.com/fintech-awards">Benzinga Global Fintech Awards</a>. 
Scheduled for Nov. 19 at the Convene Brookfield Place in New York City, this prominent awards ceremony will honor the <a href="https://www.benzinga.com/fintech-awards" target="_blank" rel="noopener">top innovators and disruptors</a> reshaping financial technology. With more than 25 categories in competition, the event highlights achievements in innovation, accessibility and positive industry impact, recognizing both companies and individuals at the forefront of fintech advancement.
Finalists, rigorously chosen by an expert panel, reflect fintech's potential to drive transformative change across the financial ecosystem. Key figures from diverse sectors, including renowned speakers Grant Cardone, Jan van Eck and Mario Nawfal, will add depth to the discussions and insights, enhancing the day's value for attendees.
&#8220;This year's finalists embody the transformative power of fintech innovation,&#8221; said Jason Raznick, co-founder of Benzinga. &#8220;We're excited to bring together the brightest minds in fintech and celebrate their contributions to the industry. With over $100 million worth of deals expected at this event, Fintech Deal Day 2024 is poised to be a transformative experience for all participants.&#8221;
Also Read: <a href="https://www.benzinga.com/fintech/24/10/41416146/exclusive-time-kills-all-deals-dealmakers-e-commerce-platform-keeps-investors-focused-and-capital-fl">EXCLUSIVE: &#8216;Time Kills All Deals&#8217; – DealMaker&#8217;s E-Commerce Platform Keeps Investors Focused And Capital Flowing</a>
The day promises discussions on the latest trends, networking opportunities and partnership potential. Attendees can expect thought-provoking talks from keynote speakers and countless moments of industry insight. 
Investors, fintech leaders and up-and-coming innovators alike will find a space to exchange ideas, explore groundbreaking projects and forge new collaborations.
<h2 class="wp-block-heading">2024 Benzinga Global Fintech Awards Finalist List</h2>
<h3 class="wp-block-heading">Best Alternative Investments Platform:</h3>
<ul>
<li>Groundfloor: Fractionalized Retail Investing</li>
<li>Titan</li>
<li>Yieldstreet</li>
<li>Alto</li>
<li>Arrived</li>
<li>iTrustCapital</li>
<li>Percent</li>
</ul>
<h3 class="wp-block-heading">Best API Solution:</h3>
<ul>
<li>DriveWealth</li>
<li>Autochartist Financial Market</li>
<li>Alpaca</li>
<li>TradeStation</li>
<li>Newsquawk</li>
<li>GTN</li>
<li>Interactive Brokers Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>)</li>
<li>Polygon.io</li>
</ul>
<h3 class="wp-block-heading">Best Automated Trading Software:</h3>
<ul>
<li>Tickblaze</li>
<li>Options Auto Trader</li>
<li>AlgoBulls</li>
</ul>
<h3 class="wp-block-heading">Best Broker for Sophisticated Traders:</h3>
<ul>
<li>Alpaca</li>
<li>TradeStation</li>
<li>Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage App:</h3>
<ul>
<li>TradeStation</li>
<li>Wolfpack Financial Inc</li>
<li>BBAE Pro</li>
<li>Webull</li>
<li>Charles Schwab</li>
<li>Moomoo</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Beginners:</h3>
<ul>
<li>Firstrade Securities Inc</li>
<li>Gotrade</li>
<li>eToro</li>
<li>Stash</li>
<li>Plynk</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Day Trading:</h3>
<ul>
<li>TradeUp</li>
<li>IBKR</li>
<li>Moomoo</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Forex in the US:</h3>
<ul>
<li>Trading.com</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Options Trading:</h3>
<ul>
<li>Firstrade</li>
<li>Lightspeed Financial Services Group</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Short Selling:</h3>
<ul>
<li>TradeZero Holding Corp.</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Trading Futures:</h3>
<ul>
<li>NinjaTrader</li>
<li>EdgeClear</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Canadian Brokerage:</h3>
<ul>
<li>Qtrade Direct Investing</li>
<li>Questrade</li>
</ul>
<h3 class="wp-block-heading">Best Data Analysis Tool:</h3>
<ul>
<li>TradesViz</li>
<li>Stock Analysis</li>
<li>Lukka</li>
<li>Public Alpha</li>
<li>Northern Trust Investment Data Science – Equity Data Science</li>
<li>TradePulse</li>
<li>PitchBook</li>
</ul>
<h3 class="wp-block-heading">Best Day Trading Software:</h3>
<ul>
<li>Tickblaze</li>
<li>BigShort</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best ETF Launch:</h3>
<ul>
<li>iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)</li>
<li>Xtrackers U.S. National Critical Technologies ETF (CRTC) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRTC#NYSE">CRTC</a>)</li>
</ul>
<h3 class="wp-block-heading">Best Financial Literacy Tool:</h3>
<ul>
<li>Pocketnest</li>
<li>SuperMoney</li>
<li>Origin</li>
<li>Financial Finesse</li>
<li>Plynk</li>
<li>MoneyLion Digital Financial Ecosystem</li>
<li>PitchBook</li>
</ul>
<h3 class="wp-block-heading">Best Financial Planning Software:</h3>
<ul>
<li>Asset-Map</li>
<li>Pocketnest</li>
<li>Origin</li>
<li>BrightPlan</li>
</ul>
<h3 class="wp-block-heading">Best Financial Research Company:</h3>
<ul>
<li>Danelfin</li>
<li>Toggle AI</li>
<li>EPSMomentum</li>
<li>Brightwave</li>
</ul>
<h3 class="wp-block-heading">Best in Financial Education:</h3>
<ul>
<li>TradeStation</li>
<li>Wolfpack Financial Inc</li>
<li>Origin</li>
<li>Musaffa</li>
<li>SuperMoney</li>
<li>Charles Schwab</li>
<li>IBKR</li>
<li>Moomoo</li>
<li>OIC</li>
</ul>
<h3 class="wp-block-heading">Best Insurtech Company:</h3>
<ul>
<li>Infineo</li>
<li>Insurify</li>
<li>Mylo</li>
</ul>
<h3 class="wp-block-heading">Best Investment Research Tech:</h3>
<ul>
<li>Stocknear</li>
<li>Outprfrm</li>
<li>Trading Central</li>
<li>InsiderEdge by BBAE</li>
</ul>
<h3 class="wp-block-heading">Best Lending Solution:</h3>
<ul>
<li>Wolfpack Financial Inc</li>
<li>PayJoy</li>
<li>Pagaya Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>)</li>
<li>Consumer Lending &amp; P2P Fintech Pioneer: Prosper</li>
<li>Best Egg Flexible Rent</li>
</ul>
<h3 class="wp-block-heading">Best Matching Engine:</h3>
<ul>
<li>EP3 by Connamara Technologies</li>
<li>Devexperts' DXmatch</li>
</ul>
<h3 class="wp-block-heading">Best New Product:</h3>
<ul>
<li>Apex Ascend</li>
<li>WisdomTree Prime</li>
<li>SigFig</li>
<li>Origin</li>
<li>StockNanny</li>
<li>Daffy</li>
<li>11thEstate</li>
<li>SoFi Alternative Investments</li>
<li>Frec</li>
<li>RAFA.AI</li>
</ul>
<h3 class="wp-block-heading">Best Paper Trading Platform:</h3>
<ul>
<li>TradeZero Holding Corp.</li>
<li>AlgoBulls</li>
<li>Merlin Investor</li>
<li>Charles Schwab</li>
</ul>
<h3 class="wp-block-heading">Best Payments Solution:</h3>
<ul>
<li>Modern Treasury</li>
<li>DailyPay</li>
<li>Extend</li>
<li>Order.co</li>
<li>Ripple</li>
<li>Episode Six</li>
<li>Aeropay</li>
</ul>
<h3 class="wp-block-heading">Best Portfolio Tracker:</h3>
<ul>
<li>Ziggma</li>
<li>Delta Investment Tracker</li>
<li>Merlin Investor</li>
<li>TradeZella</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Prop Trading Platform:</h3>
<ul>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best RegTech:</h3>
<ul>
<li>Green Check</li>
<li>LeapXpert</li>
<li>Kore</li>
</ul>
<h3 class="wp-block-heading">Best Robo-Advisor:</h3>
<ul>
<li>Titan</li>
<li>Wealthfront</li>
<li>Surmount</li>
</ul>
<h3 class="wp-block-heading">Best Social Investing Platform:</h3>
<ul>
<li>Parrot Finance</li>
<li>Traderverse</li>
<li>NVSTly</li>
</ul>
<h3 class="wp-block-heading">Best Software for Longterm Cryptocurrency Investments:</h3>
<ul>
<li>Devexperts' DXtrade</li>
<li>Path Crypto</li>
<li>iTrustCapital</li>
</ul>
<h3 class="wp-block-heading">Best Software for Swing Trading:</h3>
<ul>
<li>InsiderFinance</li>
<li>WealthCharts</li>
<li>Autochartist Automatic Trade Identification</li>
</ul>
<h3 class="wp-block-heading">Best Software for Trading Cryptocurrency:</h3>
<ul>
<li>Devexperts' DXtrade</li>
</ul>
<h3 class="wp-block-heading">Best Trading Technology:</h3>
<ul>
<li>DriveWealth</li>
<li>Tickblaze</li>
<li>Trading.com</li>
<li>Kaiju</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Venture Capital Firm:</h3>
<ul>
<li>Tribe Capital</li>
<li>BankTech Ventures</li>
</ul>
<h3 class="wp-block-heading">Breaking Barriers:</h3>
<ul>
<li>Kaiju</li>
<li>Gotrade</li>
<li>Apex Trader Funding</li>
<li>GTN</li>
<li>Northern Trust Investment Data Science – Equity Data Science</li>
</ul>
<h3 class="wp-block-heading">Emerging InsurTech:</h3>
<ul>
<li>Aspida</li>
<li>TruStage Payment Guard</li>
</ul>
<h3 class="wp-block-heading">Institutional Innovation:</h3>
<ul>
<li>Tipigo Insights</li>
<li>Quinn</li>
</ul>
<h3 class="wp-block-heading">Most Impactful Fintech Executive:</h3>
<ul>
<li>Michael Blaugrund</li>
<li>Liza Landsman</li>
<li>Matthew Watson</li>
<li>Bill Capuzzi</li>
<li>Anthony Denier</li>
</ul>
<h3 class="wp-block-heading">Most Innovative ETF Company:</h3>
<ul>
<li>StockSnips AI-Powered ETFs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWZ#NASDAQ">NEWZ</a>)</li>
</ul>
<h3 class="wp-block-heading">Most Innovative in Capital Markets:</h3>
<ul>
<li>OpenYield</li>
<li>Wolfpack Financial Inc</li>
<li>LeapXpert</li>
<li>GTN</li>
<li>Northern Trust Integrated Trading Solutions (ITS)</li>
</ul>
With innovation driving unprecedented change in financial services,<a href="https://www.benzinga.com/fintech-awards"> Benzinga's Fintech Deal Day &amp; Awards</a> stands as a testament to the thriving fintech sector and the creative minds behind it. This year's gathering of industry leaders will undoubtedly showcase the powerful momentum and forward-thinking spirit that define fintech today.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/fintech/24/10/41435557/options-growth-among-retail-investors-absolutely-tremendous-cboe-global-president">Options Growth Among Retail Investors &#8216;Absolutely Tremendous&#8217;: Cboe Global President</a></li>
</ul>
Image: Benzinga

Exclusives

CRTC

NEWZ

Fintech's Finest: Benzinga Unveils 2024 Global Fintech Awards Finalists

It will result in the following revised operating results for the Company:
&nbsp;
&bull; General and administrative expenses: $153 million
&bull; Income available for common stockholders: $184 million
&bull; Adjusted net income available for common stockholders: $176 million
&bull; Diluted earnings per share: $1.67
&bull; Adjusted diluted earnings per share: $1.61
&bull; Total equity: $16.0 billion

Earnings

Interactive Brokers Expects Dispute Settlement To Add $78M To Reported General And Administrative Expenses For Q3; Now Reports Adj EPS Of $1.61 Vs Previously Reported $1.75

Interactive Brokers Files Form 8-K/A Disclosing Revised Operating Results For Q3

Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) has outperformed the market over the past 15 years by 3.85% on an annualized basis producing an average annual return of 15.86%. Currently, Interactive Brokers Gr has a market capitalization of $16.22 billion. 
Buying $100 In IBKR: If an investor had bought $100 of IBKR stock 15 years ago, it would be worth $901.88 today based on a price of $148.99 for IBKR at the time of writing.
<h3>Interactive Brokers Gr's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729522881_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have $900 Today

Barclays analyst Benjamin Budish maintains Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) with a Overweight and lowers the price target from $166 to $165.

Price Target

Barclays Maintains Overweight on Interactive Brokers Gr, Lowers Price Target to $165

Small-cap stocks outperformed large caps in Wednesday's session, with the Russell 2000 Index surging to test July 2024 highs on the back of expectations for interest rate cuts and a <a href="https://www.benzinga.com/topic/regional-banks">strong rally in regional banks. </a>
Financial stocks continued their upward momentum, buoyed by strong earnings reports. Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) significantly beat expectations, propelling its stock up by 8% to new all-time highs.
Regional banks, as tracked by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), rallied 2.1%, hitting levels last seen in early March 2023, prior to the fallout of Silicon Valley Bank.
Airlines also soared, with United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) posting an 11% rally. The surge lifted the entire industry, as tracked by the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), which reached its highest level since July 2023.
The tech sector lagged, weighed down by weak performance in semiconductors. The industry was still reeling from ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)&#8217;s earnings shock on Tuesday, after the company slashed its 2025 revenue outlook, triggering a broad selloff in chipmakers.
Both the Nasdaq 100 and semiconductor stocks remained flat on Wednesday.
In the currency market, the U.S. Dollar Index was poised to log its 12th positive day in the last 13 sessions. Treasury yields edged lower. Oil prices saw a slight decline of 0.6%, with West Texas Intermediate (WTI) crude falling below $70 per barrel.
Precious metals offered positive signals, with gold set to close its fifth consecutive day of gains, while silver rose 0.8%.
In the cryptocurrency space, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advanced 1%, reaching $68,000 — its highest level since late July 2024.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,289.65</td>
<td>1.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,981.53</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,830.29</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,131.29</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent101624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.2% to $580.82.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.6% higher to $429.93.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.2% to $489.94.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.8% to $226.77.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 1.4%. The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 0.3%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) fell over 3% after missing earnings estimate. </li>
<li>Other stocks reactive to company earnings included United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), up 11.5%, J.B. Hunt Transport Services Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>), up 3.5%, Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), up 1.7%, Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), up 7.6%, U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), up 4.7% and Citizens Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>).</li>
<li>ASML Holding N.V. fell over 5% after dropping 17% on Tuesday in reaction to dismal revenue outlook. </li>
<li>Companies set to report their earnings after the close include CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Kinder Morgan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>), Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>), Steel Dynamics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) and Alcoa Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>). </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41356469/mortgage-demand-sees-sharpest-weekly-drop-since-april-2020-as-rates-climb-above-6">Mortgage Demand Sees Sharpest Weekly Drop Since April 2020 As Rates Climb Above 6.5%</a></li>
</ul>
Photo via Shutterstock.

Equities

Large Cap

Macro Economic Events

Sector ETFs

Small Cap

Economics

Movers

Tech

ETFs

ASML

SPDR Dow Jones Industrial Average ETF Trust

JBHT

JETS

STLD

Tech Stocks Stall, Small Caps Surge As Regional Banks Rally, Airlines Rocket: What's Driving Markets Wednesday?

Piper Sandler analyst Patrick Moley reiterates Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) with a Overweight and maintains $163 price target.

Reiteration

Piper Sandler Reiterates Overweight on Interactive Brokers Gr, Maintains $163 Price Target

WIIM

Interactive Brokers Group shares are trading lower after the company reported worse-than-expected Q3 adjusted EPS results.

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) to report quarterly earnings at $1.58 per share on revenue of $14.41 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Morgan Stanley shares gained 0.2% to $112.49 in after-hours trading.</li>
<li>J.B. Hunt Transport Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) reported better-than-expected third-quarter financial results. The company reported quarterly earnings of $1.49 per share which beat the analyst consensus estimate of $1.47 per share. The company reported quarterly sales of $3.07 billion which beat the analyst consensus estimate of $3.02 billion. J.B. Hunt shares climbed 7.1% to $187.00 in the after-hours trading session.</li>
<li>Analysts are expecting Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) to post quarterly earnings at 77 cents per share on revenue of $25.29 billion. The company will release earnings before the markets open. Abbott shares gained 0.1% to $116.10 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) reported weaker-than-expected earnings for its third quarter on Tuesday. Interactive Brokers shares fell 4% to $146.85 in the after-hours trading session.</li>
<li>Analysts expect U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) to report quarterly earnings at 99 cents per share on revenue of $6.9 billion before the opening bell. U.S. Bancorp shares rose 0.6% to $47.29 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41342689/top-3-tech-and-telecom-stocks-that-could-lead-to-your-biggest-gains-this-quarter">Top 3 Tech And Telecom Stocks That Could Lead To Your Biggest Gains This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

HMST

Morgan Stanley, Abbott Laboratories And 3 Stocks To Watch Heading Into Wednesday

Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) reported its third-quarter financial results after Tuesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/b41343825/interactive-brokers-group-announces-3q2024-results">details from the report.&nbsp;</a>
The Details: Interactive Brokers reported quarterly earnings of $1.75 per share, which missed the analyst consensus estimate of $1.82. Quarterly revenue of $1.33 billion met the analyst consensus estimate and is an increase over revenue of $1.15 billion from the same period last year.
<ul>
<li>Commission revenue increased 31% to $435 million on higher customer trading volumes. Customer trading volume in options, stocks and futures increased 35%, 22% and 13%, respectively.</li>
<li>Net interest income increased 9% to $802 million on higher customer margin loans and customer credit balances.</li>
<li>Other fees and services increased $20 million, or 38%, to $72 million, driven by increases of $13 million in risk exposure fees, $5 million in payments for order flow from exchange-mandated programs, and $2 million in FDIC sweep program fees.</li>
<li>Execution, clearing and distribution fees expenses increased 18% to $116 million, driven by a higher SEC fee rate and higher customer trading volumes.</li>
<li>General and administrative expenses increased $30 million, or 67%, to $75 million, driven primarily by a one-time charge of $12 million related to the consolidation of its European subsidiaries and a $9 million increase related to legal and regulatory matters.</li>
<li>Pretax profit margin for the current quarter was 72%. compared to pretax margin of 73% from the year-ago quarter.</li>
<li>Total equity of $16.1 billion.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/news/24/10/41321699/oil-prices-drop-after-netanyahu-says-israel-will-attack-military-not-oil-or-nuclear-targets-in-iran">Oil Prices Drop After Netanyahu Says Israel Will Attack Military, Not Oil Or Nuclear Targets In Iran</a>
IBKR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Interactive Brokers shares are down 3.27% after-hours at $147.98 at the time of publication Tuesday.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41321567/teslas-optimus-robots-were-remotely-assisted-by-humans-at-we-robot-event">Tesla&#8217;s Optimus Robots Were Remotely Assisted By Humans At &#8216;We, Robot&#8217; Event</a></li>
</ul>
Photo: Courtesy of Interactive Brokers Group, Inc.

After-Hours Center

Interactive Brokers Reports Mixed Q3 Results: EPS Miss, Revenue In-Line

Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) reported quarterly earnings of $1.75 per share which missed the analyst consensus estimate of $1.82 by 3.85 percent. The company reported quarterly sales of $1.33 billion which met the analyst consensus estimate. This is a 15.90 percent increase over sales of $1.15 billion the same period last year.

Earnings Misses

Interactive Brokers Gr Q3 2024 Adj EPS $1.75 Misses $1.82 Estimate, Sales $1.33B Inline

A wave of market-relevant news fueled an active trading session on Wall Street Tuesday, with large-cap indices falling due to sharp declines in tech and energy stocks, while small-caps outperformed, led by gains in regional banks.
At the forefront of the headlines is the massive plunge in ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) shares. The Dutch chipmaker&#8217;s stock nosedived over 16% after a technical error prematurely revealed its third-quarter earnings, originally scheduled for Wednesday, <a href="https://www.benzinga.com/markets/equities/24/10/41339229/asml-earnings-leak-sparks-broad-semiconductor-sell-off-sector-down-sharply-as-dutch-chipmaker-lo">on the company&#8217;s website. </a>
The report disclosed weaker-than-expected guidance for 2025, leading to the worst single-day drop in ASML stock since it went public in 2002.
ASML&#8217;s collapse sent shockwaves across the semiconductor sector, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) falling more than 4%, marking its worst performance since early September. Key semiconductor players were hit hard, with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) down 5% and Arm Holdings PLC-ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) tumbling 7%.
Another underperforming sector was energy. Oil prices plunged 5%, setting up their <a href="https://www.benzinga.com/markets/asia/24/10/41336413/oil-prices-take-largest-plunge-in-over-a-year-as-israel-vows-to-spare-iranian-facilities-energy-stoc">worst trading day in over a year. </a>
The sell-off followed a Monday&#8217;s report from The Washington Post, which revealed Israeli Prime Minister Benjamin Netanyahu assured the Biden administration Israel would refrain from targeting Iranian oil and nuclear facilities in any retaliatory military actions.
Meanwhile, the financial sector surged, extending its all-time highs as Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) all posted <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41331839/financial-sector-hits-record-highs-as-goldman-sachs-bank-of-america-citi-beat-q3-ea">stronger-than-expected quarterly earnings.</a>
Gains also spread to more economically sensitive regional banks, with the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) jumping over 3%, lifting the broader Russell 2000 index by 1%.
In other markets, both the U.S. dollar and Treasury yields remained steady, as there were no major updates on interest-rate expectations. Gold edged up by 0.6%, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued its recent momentum, climbing 1.3% after a 5.1% surge on Monday.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg (1-day) %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,272.05</td>
<td>1.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,942.79</td>
<td>-0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,842.20</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,221.22</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent101524&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.4% to $581.82.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.3% down to $429.46.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.1% to $491.72.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1% to $222.52.</li>
<li>The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up 1%. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 2.3%.</li>
</ul>
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul>
<li>Airlines and cruise lines rallied in reaction to lower oil prices. American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) rose 2.2%, United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) gained 2.2%. Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) and Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) rallied 7.7% and 5.5%, respectively. </li>
<li>Charles Schwab rose 7.5% after reporting stronger-than-expected quarterly results. </li>
<li>Other stocks reacting to earnings were UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>), down 7.4%; Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), up 1.8%; Bank of America Corp., up 1.9%; Goldman Sachs Group Inc., down 0.3%; Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), down 4%; PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), up 4%; State Street Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>), up 0.6% and Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>), up 13%</li>
<li>Companies slated to report earnings after the close include Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), United Arlines Holdings Inc., Omnicon Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) and J.B. Hunt Transport Services Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>). </li>
</ul>
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