Charles Schwab and Interactive Brokers Revenue Double in Bull Market

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  • #14501
    ThePitBoss
    Participant

    [article]504[/article]

    #14502
    ThePitBoss
    Participant

    Interactive Brokers Earnings

    $IBKR reported a net loss of $2million or $0.02 per share in 4Q17 compared to a net income of $4MM or $0.07 per share in 4Q16. The results were negatively impacted by the effects of the Tax Cuts and Jobs Act, which decreased diluted EPS by $0.45. Net revenues grew to $515MM from $193MM in the prior-year period.

    #14520
    TradersCom
    Keymaster

    Losing money on record highs of stocking markets – something wrong with that picture

    #14524
    ThePitBoss
    Participant

    Schwab Beats Estimates

    Earnings: 41 cents a share, up 14%. Revenue rose 14% to $2.242 billion Beat Estimates of EPS 41 cents on revenue $2.244 billion,

    New retail brokerage accounts rose 36% vs. a year earlier to 248,000.
    Total accounts were 7.4 million, up 4% year-over-year.

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