BUZZ-Interactive Brokers rises after Q4 profit beats expectations

Shares of trading platform Interactive Brokers IBKR.O rise 4.7% to $201.97 premarket

IBKR late on Tuesday posted Q4 adjusted profit of $2.03/shr, beating Wall Street expectations of $1.86/shr, according to estimates compiled by LSEG

Q4 commission revenue jumped 37% to $477 mln, driven by stronger trading volumes in options and stocks

Meanwhile, Q4 net interest income rose 11% to $807 mln, thanks to higher customer margin loans and credit balances

Jefferies says strong momentum across IBKR's business continues, led by elevated account growth and overall levels of customer engagement remaining healthy

Brokerage says IBKR is perhaps the best-positioned firm in the industry to capture international demand to trade U.S. stocks

IBKR stock more than doubled in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))