Interactive Brokers Reports Massive Quarter as Interest Rates Rise

[kreslik.news]

Interactive Brokers has reported a blowout first quarter in 2018, the company managed to register growth across multiple spectrums with interest and commissions income spiking higher. Net revenues for the U.S. brokerage firm totaled $527 million in the first quarter of the year. The figure is higher by 40 percent when compared to the first quarter of 2017.

The electronic brokerage segment of Interactive Brokers accounted for the bulk of the growth, with revenues totalling $465 million, an increase of 48 percent year-on-year. Income before taxes was $340 million compared to $213 million for the same period in 2017.

[size=160]Net Interest and ... (read more)