A surge in fourth-quarter trading volumes and investor activity lifted profits at Interactive Brokers, which reported quarterly earnings on Tuesday that topped Wall Street estimates.
A surge in fourth-quarter trading volumes and investor activity lifted profits at Interactive Brokers, which reported quarterly earnings on Tuesday that topped Wall Street estimates.
Interactive Brokers Group Inc. and a consortium of Altor Equity Partners and Centerbridge Partners are among those that have shown initial interest in acquiring Denmark’s Saxo Bank A/S, according to people with knowledge of the matter.
Interactive Brokers Group reported an increase in revenue and earnings for the fourth quarter lifted by higher interest rates.
The electronic broker logged net income of $601 million, or $1.20 a share, for the second quarter ended June 30, compared to $360 million, or 72 cents a share, a year earlier. Adjusted earnings were $1.32 a share, below analysts’ estimates of $1.40 a share.