Interactive Brokers Raises Dividend 71% as Net Interest Income Offsets Trading Slowdown
By Tanya Chepkova
Source excerpt · Finance Magnates
Interactive Brokers’ net interest income rose in the third quarter as larger client balances outweighed lower yields. The gain more than offset a sequential decline in commission revenue, lifting net revenue slightly above its second-quarter level. Separately, the board raised the quarterly dividend by 71%. On an adjusted basis, net revenue reached $1.87 billion, pretax income was $1.45 billion an…