WHAT happen at IB ??????

[jeb9999]

Quote from Hurricane:

You're right. I just went to the last earnings report I found on a website, which was also the last news item, and didn't notice how out of date it was.

No problem.

Yahoo Finance keeps the individual company news up to date.

BigCharts sucks for individual company news, the last news item for IBKR is from June 10, 2008.

 

[jeb9999]

Quote from Businessman:

Interest income fell to $128.8 million from $205.1 million.


Anyone know why that was?

Fed Funds were 5.25% in 2007 2nd quarter and between 2.25% and 2.00% for 2008 2nd quarter.

Note that interest expense dropped from $143.6 million to $102.6 million.

 

[stock777]

Seems like a rather harsh reaction. They must have expected a miracle.

 

[DHOHHI]

Quote from stock777:

Seems like a rather harsh reaction. They must have expected a miracle.

Harsh? They missed both revs and EPS badly. Revenues were $395 versus $427 expected. EPS was 0.444 versus 0.50 expected.

 

[makloda]

Did Peterffy mention any news on the Futuretrade Platform integration on the CC?

 

[Businessman]

Quote from stock777:

Seems like a rather harsh reaction. They must have expected a miracle.

Listening to conference call:

US market share was down due to increase in the number of options that have penny spreads.
IB didnt reduce their spreads on some of these options and arent doing as much volume in the US as they used too.
Also volatility was down in Q2 which always effects their profits..

 

[Daal]

I hope their growth 'plan' doesnt include no interest on the first $50k and $30 wire fees

 

[KeithOmalley]

Quote from TraderZones:

Strong reasoning for keeping a company private.

You do really well, and lose value.

but if you dont take the company public you never see that value

 

[OTCkrak]

looks like it bounced from resistance at 35

 

[Businessman]

Quote from Daal:

I hope their growth 'plan' doesnt include no interest on the first $50k and $30 wire fees

At the end of the CC Peterfly said that they reckon they can grow the brokerage side by 50% a year but the market maker side they plan on growing at just 15%.

Currently brokerage is only 25% of the business but by my reckoning in a few years time it will be the majority of the business if they can grow it as planned..

More money in selling the shovels rather than competing with the crowd and digging for the gold..