Conkling Lori A purchased $2K of IBKR

Interactive Brokers (IBKR) has introduced Ethereum (ETH) staking for eligible clients, allowing them to earn rewards on holdings. The service is provided via a staking dashboard in the company's Client Portal, with zerohash as the infrastructure partner. Staking rewards are credited as additional staked Ethereum, enabling compounding. The launch expands IBKR's crypto offerings, which include trading in 20 digital assets.

Webull (BULL) stock dropped 29% to $5.15 after a House panel cited its China ties as a national security risk. Robinhood (HOOD) fell 3% to $108.93, and Interactive Brokers (IBKR) slipped 2% to $88.77. The panel's report highlighted Webull's ownership, workforce, and data routing as concerns, while the broader market saw minimal impact.

BMO Capital lowered its price target on Interactive Brokers from $110 to $105 but maintained an outperform rating. The company's stock is currently trading at $89.05, up 0.85% over 5 days and 2.26% year-to-date, with a 38.47% gain over the past year.

Meta's new AI product, Muse, has caused market turbulence, with Charles Schwab's shares falling 6% and LPL Financial Holdings down 7%. Robinhood's stock rose, reaching a new year-to-date high. Analysts suggest AI disruption may impact traditional brokerage services, with Schwab's low-yielding sweep cash seen as vulnerable. Meta's AI assistant does not trade or give financial advice but can track investments and analyze portfolios.

The Federal Reserve raised rates by 25 bps on Sept. 16, reversing earlier expectations. Brokers and exchanges like Interactive Brokers (IBKR), Robinhood (HOOD), and CME Group (CME) may benefit from rate hikes. IBKR could see a 2% lift in net interest income (NII) per 25 bps hike, while HOOD's outlook depends on trading volume, and CME benefits from rate path uncertainty.

Interactive Brokers (IBKR) reported Q2 earnings of $0.69 per share, up from $0.51 a year earlier, with net revenues rising to $1.90 billion. Customer accounts and equity grew 34% and 40% respectively. Revenue increases came from higher trading volumes and interest income. Pretax margin was 77%, and a quarterly dividend of $0.0875 per share was declared. Costs related to execution and regulatory fees increased, and currency fluctuations impacted earnings.