Interactive Brokers Rides the Trading Boom
The COVID-19 pandemic created a wave of financial market volatility, with investors racing to adjust their portfolios amid the most uncertain economic environment in recent memory. With extensive societal restrictions and lockdowns in place, many people were confined to their homes with little to do but wait -- and invest their stimulus dollars in high-flying growth stocks. For many of them, it was their first foray into the markets.
Interactive Brokers (NASDAQ: IBKR) was one of the trading platforms trying to manage the influx of new investors. The U.S. is now removed from the worst of the pandemic, and it could be expected that stock market activity will cool off -- but so far, 2021 has delivered record numbers and strong growth for Interactive Brokers' earnings.
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Source Fool.com
