Advertisement

Why Interactive Brokers Stock Rose 18.7% in July

Why Interactive Brokers Stock Rose 18.7% in July

Shares of Interactive Brokers (NASDAQ: IBKR) rose 18.7% during the month of July, according to data from S&P Global Market Intelligence. IBKR's daily average revenue trades (DARTs) have surged amid market volatility this year, more than doubling over the prior year, leading to Interactive Brokers beating analyst expectations for revenue and earnings per share in its July earnings report. During the June quarter, Interactive Brokers DARTs surged a whopping 111% compared to the prior year, much higher than overall customer account growth of 36%.