Interactive BrokersNASDAQ: IBKR

Vancouver, British Columbia--(Newsfile Corp. - November 1, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has signed an agreement with Interactive Offers ("Interactive Offers") to provide marketing services to increase public awareness of the Company. Interactive Offers is a full-service financial advertising platform, offering a complete suite of advertising solutions in one place.

Interactive Brokers Group, Inc. (IBKR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, IBKR crossed above the 20-day moving average, suggesting a short-term bullish trend.

CHICAGO , Oct. 28, 2024 /PRNewswire/ -- ForecastEx, LLC ("ForecastEx"), the first and only CFTC Designated Contract Market and Derivative Clearing Organization offering event contracts to Futures Commission Merchants (FCMs) and their customers, is pleased to announce the approval of a new Clearing Member, Robinhood Derivatives, LLC. ForecastEx offers FCMs and their customers the ability to hedge against or express conviction on the outcome of key political, economic and climate events using Forecast Contracts.

The bull market in stocks has been a big tailwind for Interactive Brokers.

Does Interactive Brokers Group, Inc. (IBKR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Interactive Brokers Group has shown strong growth in 2024, with significant improvements in revenue, earnings, and customer accounts this week's market dip. The main challenge is the anticipated decline in net interest income due to expected rate cuts, which could reduce annual NII over $1 billion. Concurrently, IBKR's organic growth and robust balance sheet make it a solid company.

IBKR's third-quarter 2024 results improve year over year on the back of higher revenues and a rise in customer accounts. However, an increase in expenses is woe.

Interactive Brokers is growing its introducing broker business, partnering with large firms like HSBC, and offering automated trade execution and custody services. The company's automation technology lowers operating costs, enabling competitive pricing and improving operating margins, with employee expenses reduced to 12% of total revenue in FY23. Strong customer account and equity balance growth, driven by a bull market, supports a projected 20% revenue growth for the full year.

Interactive Brokers Group, Inc. (NASDAQ:IBKR ) Q3 2024 Results Conference Call October 15, 2024 4:30 PM ET Company Participants Nancy Stuebe - Director of Investor Relations Thomas Peterffy - Founder and Chairman Milan Galik - President and Chief Executive Officer Paul Brody - Chief Financial Officer Conference Call Participants Patrick Moley - Piper Sandler James Yaro - Goldman Sachs Dan Fannon - Jefferies LLC Chris Allen - Citi Brennan Hawken - UBS Benjamin Budish - Barclays Macrae Sykes - GAMCO Operator Good day, and thank you for standing by, and welcome to Interactive Brokers Group 3Q '24 Earnings call. At this time, all participants are in a listen-only mode.