- Interactive Brokers Group ( NASDAQ: IBKR ) daily average revenue trades in July fell 10% from June and 23% from July 2021, the electronic broker said Monday.
- Ending client equity of $314.4B increased 7% from the previous month and dropped 10% from the same month a year ago.
- Ending client margin balances of $42.2B slipped 1% M/M and 12% Y/Y.
- Meanwhile, ending client credit balances of $94.3B, including $2.1B of insured bank deposit sweeps, rose 2% M/M and 15% Y/Y.
- 1.95M client accounts increased 1% from the prior month and 34% from a year ago.
- Interactive Broker ( IBKR ) stock is down 4.8% in Monday midafternoon trading.
- Last month, the company's Q2 earnings and revenue missed Wall Street consensus estimates as trading slipped during the quarter.
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Interactive Brokers July DARTs fall 10% from June, client equity rises M/M