IBKR - Interactive Brokers Group: Price Is Too Much For The Prospects
2024-03-12 21:04:30 ET
Summary
- Interactive Brokers Group has a strong company history, starting as a lone market maker in 1977 and expanding into a global electronic trading platform.
- The company's financial reports show consistent growth in net income, with a spike in 2021 attributed to COVID's increased trading activity, followed by rate hikes boosting interest income.
- Commissions and interest income are IBKR's main revenue sources.
- The price, however, assumes a level of growth that may not easily materialize in this competitive space.
Interactive Brokers Group ( IBKR ) is an interesting business because it is probably one of the least-discussed broker-dealers out there, despite having a very successful business model. I wanted to give it a look for this reason....
Interactive Brokers Group: Price Is Too Much For The Prospects