RUFF - Piper Sandler Analyst Bullish On Interactive Brokers Sees 26% Account Growth in 2024 | Benzinga
Piper Sandler analyst Patrick Moley raised estimates for Interactive Brokers Group, Inc. (NASDAQ:IBKR) following its second-quarter FY24 results yesterday.
Interactive Brokers reported quarterly sales of $1.29 billion, which beat the analyst consensus estimate of $1.262 billion and EPS of $1.76, surpassing the analyst consensus estimate of $1.74.
Moley writes that management indicated they are in the process of onboarding “a couple dozen” new IB relationships, which he anticipates will support ongoing account growth within their long-term target range of 20%-25%.
The analyst is currently projecting annualized account growth of ...