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Benzinga

Business

Triveni Kothapalli

Interactive Brokers Boosts Profits As Lending Activity Soars

Interactive Brokers KBW IBKR Interactive Brokers Group Inc

Interactive Brokers Group Inc.

Interactive Brokers Group Inc. (NASDAQ:IBKR) delivered a stronger-than-expected performance in the third quarter, fueled by robust securities lending activity that boosted net interest income.

Following the earnings release, Keefe, Bruyette & Woods (KBW) analyst Kyle Voigt maintained a Market Perform rating on Interactive Brokers with a $72 price forecast.

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