Why Interactive Brokers Stock Rose 18.7% in July
Shares of Interactive Brokers (NASDAQ: IBKR) rose 18.7% during the month of July, according to data from S&P Global Market Intelligence. The discount broker continued to rack up new customers despite increased competition in the space over the past year.
IBKR's daily average revenue trades (DARTs) have surged amid market volatility this year, more than doubling over the prior year, leading to Interactive Brokers beating analyst expectations for revenue and earnings per share in its July earnings report.
Image source: Getty Images.
Source Fool.com
