Interactive Brokers dips for second day after June metrics release

Jul. 05, 2018 12:01 PM ETInteractive Brokers Group, Inc. (IBKR)IBKRBy: Liz Kiesche, SA News Editor2 Comments
  • Interactive Brokers (IEX:IBKR) declines about 3.7% in midday trading, two days after it released June metrics that showed client margin loan balances fell 7% during the month.
  • Today's decline adds to a 2.4% drop on July 3, the day after it released its June brokerage metrics; markets were closed on July 4 for the Independence Day holiday.
  • Sandler O'Neill analyst Richard Repetto cut his Q2 comprehensive EPS estimate for IBKR by 15 cents to 37 cents on foreign exchange effects and US Treasury moves, according to Bloomberg.
  • Previously: Interactive Brokers June DARTs up 2% from May, +17% Y/Y (July 2)

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