Interactive Brokers Stock Rallies After Q2 Earnings Report: Here's Why

Interactive Brokers Group, Inc. (NASDAQ:IBKR) released its second-quarter results after Thursday's closing bell. Here's a look at the key figures from the quarter. 

The Details: Interactive Brokers reported quarterly earnings of 51 cents per share, which beat the analyst consensus estimate of 45 cents. Quarterly revenue of $1.48 billion beat the Street estimate of $1.36 billion and is an increase over revenue of $1.23 billion from the same period last year.

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For the second quarter, Interactive Brokers reported:

• Commission revenue increased 27% to 516 million on higher customer trading volumes.
• Customer trading volume in stocks, options and futures increased 31%, 24% and 18%, respectively.
• Net interest income increased 9% to $860 million on higher average customer credit balances and securities lending activity.
• Customer accounts increased 32% to 3.87 million.
• Customer equity increased 34% to $664.6 billion.
• Total DARTs increased 49% to 3.55 million.
• Customer credits increased 34% to $143.7 billion.
• Customer margin loans increased 18% to $65.1 billion.

IBKR Price Action: According to data from Benzinga Pro, Interactive Brokers stock was up 3.15% at $61.39 in Thursday's extended trading. 

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