BUZZ-Interactive Brokers rises on quarterly revenue beat

Reuters
07-18
BUZZ-Interactive Brokers rises on quarterly revenue beat

** Automated electronic broker Interactive Brokers Group's IBKR.O shares up nearly 4% at $61.93 in premarket trading

** Co's Q2 revenue rises 20%, beats analysts' expectations

** Co sees continued benefit from higher trading volumes

** Stock recently traded at 29x the next 12-month earnings vs a P/E of 5 three months ago** Atleast four brokerages raise PT on stock

** Avg rating of 10 brokerages is "buy"; median PT is $67, according to data compiled by LSEG

** YTD, up to last close, stock up 34.5% vs 19.12% rise of S&P 500 Investment Banking & Brokerage index .SPLRCINVB

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com;))

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