옵션 체인은 다양한 행사가격과 만기일에 대한 Interactive Brokers Gr의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Interactive Brokers Gr에 대한 시장 심리를 평가합니다..

Interactive Brokers Gr (NASDAQ:IBKR) 주식, 옵션 체인

Interactive Brokers Gr

Interactive Brokers is an online brokerage that generates trading commissions (around 31% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and exchange-traded funds. Interactive Brokers also generates net interest income (about 64% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about 5% of net revenue). The firm derives about 70% of its net revenue from the US and 30% from international markets.

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IBKR

인터랙티브 브로커스 그룹(NASDAQ:IBKR)은 화요일 시장 마감 후 3분기 재무 실적을 발표했다. 보고서의 상세 내용은 다음과 같다. 상세 내용: 인터랙티브 브로커스는 주당 1.75달러의 분기 순이익을 발표했으며, 이는 애널리스트의 컨센서스 추정치인 1.82달러를 하회한 수치이다. 분기 매출은 13억 3천만 달러로 애널리스트의 컨센서스 추정치를 충족하였고, 지난해 같은 기간의 매출인 11억 5천만 달러에서 증가했다.

인터랙티브 브로커스, 엇갈린 3분기 실적 발표: EPS 미달, 매출은 기대에 부응

Interactive Brokers Group, Inc. - Class A Common Stock

Interactive Brokers Group Inc

9 analysts have expressed a variety of opinions on Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">5</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $176.78, a high estimate of $214.00, and a low estimate of $163.00. Surpassing the previous average price target of $156.78, the current average has increased by 12.76%.
<img src="https://www.benzinga.com/files/images/story/2024/1734724850_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Interactive Brokers Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$190.00</td>
<td>$152.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$214.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>James Yaro</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$171.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$165.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$163.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Brennan Hawken</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$170.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$163.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$166.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Daniel Fannon</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$152.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Interactive Brokers Gr. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Interactive Brokers Gr compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Interactive Brokers Gr's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Interactive Brokers Gr's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/IBKR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Interactive Brokers Gr analyst ratings.</a>
<h2>Unveiling the Story Behind Interactive Brokers Gr</h2>
Interactive Brokers is an online brokerage that generates trading commissions (around 31% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and exchange-traded funds. Interactive Brokers also generates net interest income (about 64% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about 5% of net revenue). The firm derives about 70% of its net revenue from the US and 30% from international markets.
<h3>Interactive Brokers Gr's Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, Interactive Brokers Gr showcased positive performance, achieving a revenue growth rate of 18.1% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 7.68%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Interactive Brokers Gr's ROE stands out, surpassing industry averages. With an impressive ROE of 4.56%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Interactive Brokers Gr's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.13%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Interactive Brokers Gr's debt-to-equity ratio is below the industry average. With a ratio of 0.01, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Analyst Expectations For Interactive Brokers Gr's Future

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) with a Market Perform and raises the price target from $152 to $190.

Price Target

Keefe, Bruyette & Woods Maintains Market Perform on Interactive Brokers Gr, Raises Price Target to $190

The global fund managers increased their allocation to <a href="https://www.benzinga.com/24/12/42527883/top-3-financial-stocks-which-could-rescue-your-portfolio-for-december">financial stocks</a>, which include both banks and insurance companies, to an all-time high in December.
What Happened: According to the Bank of America&#8217;s Global Fund Manager Survey, as reported <a href="https://finance.yahoo.com/news/investors-allocation-to-us-stocks-hits-record-high-amid-super-bullish-sentiment-bofa-survey-164349535.html">by</a> Yahoo Finance, investors&#8217; allocation to banks increased by 23% points in December compared to the previous month. This resulted in global fund managers being 41% overweight on banking stocks in December, which is the highest since January 2022.
Similarly, the allocation to insurance companies surged by 15% points month-on-month. This represented an overweight position of 20% within the sectors by the global fund managers. It is the highest since February 2014.
Furthermore, the investor positioning relative to their historical long-term positions increased within the financial universe, followed by the U.S. stocks and utilities, according to the BofA survey.
The investors were underweight with respect to their exposure to cash, Eurozone stocks, staples, and bonds.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42531373/financial-stocks-near-record-year-could-trump-deregulation-fuel-bigger-gains-in-2025">Financial Stocks Near Record Year: Could Trump Deregulation Fuel Bigger Gains In 2025?</a>
What Are The Analysts Saying
Mario Georgiou, executive director, head of investments at InCred Global Wealth U.K., in an <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">exclusive conversation with Benzinga</a>, described tax cuts and deregulation as tailwinds to the markets. He considers inflationary policies such as tariffs and immigration impacts as headwinds, leading to a steepening yield curve, and higher term premiums.
"Financials offer an attractive risk-reward and that this recent post-election rally has room to run," added Georgiou. According to him "Financials are not only well positioned to capture the benefits of the above-mentioned Trump tailwinds, but are also less impacted / would even benefit from the Trump headwinds."
Bank of America's global economics team recently summarized the sentiment, stating, "Pro-growth policies like deregulation of financial services and energy, as well as lower taxes, are boosting market sentiment and asset prices."
According to Goldman Sachs analyst Richard Ramsden, large-cap banks remain optimistic about the economy. &#8220;Healthy consumer spending trends and strong corporate balance sheets have supported a constructive outlook,&#8221; Ramsden said in a recent note.
The top-performing financial stocks of 2024 include Robinhood Markets, Interactive Brokers Group, Coinbase Global, KKR &amp; Co, and Wells Fargo.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>YTD Performance</td>
</tr>
<tr>
<td>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td>236.54%</td>
</tr>
<tr>
<td>Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>)</td>
<td>111.59%</td>
</tr>
<tr>
<td>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>98.65%</td>
</tr>
<tr>
<td>KKR &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)</td>
<td>85.99%</td>
</tr>
<tr>
<td>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>43.54%</td>
</tr>
<tr>
<td>Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>)</td>
<td>42.75%</td>
</tr>
<tr>
<td>M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</td>
<td>41.08%</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>38.52%</td>
</tr>
<tr>
<td>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</td>
<td>36.04%</td>
</tr>
<tr>
<td>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</td>
<td>34.09%</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>32.89%</td>
</tr>
<tr>
<td>Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>)</td>
<td>29.53%</td>
</tr>
<tr>
<td>PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>)</td>
<td>26.71%</td>
</tr>
<tr>
<td>Arthur J. Gallagher &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>)</td>
<td>25.74%</td>
</tr>
<tr>
<td>HSBC Holdings Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>)</td>
<td>21.24%</td>
</tr>
<tr>
<td>Prudential Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>)</td>
<td>13.69%</td>
</tr>
<tr>
<td>American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>)</td>
<td>3.46%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Note: Data as of market close on Dec. 17, 2024</figcaption></figure>
The iShares U.S. Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>) has risen 31.35% year-to-date.
Similarly, other financial-focused ETFs have seen strong gains. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) surged 30.3%, while the Vanguard Financials Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFH#NYSE">VFH</a>) climbed 30.89%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42546991/dows-rare-nine-day-decline-falls-behind-267-single-day-crashes-since-1900">Dow&#8217;s Rare Nine-Day Decline Falls Behind 267 Single-Day Crashes Since 1900: Is Tech Shift To Blame?</a></li>
</ul>
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iShares Dow Jones US Financial Sector Index Fund

Fund Managers Increase Allocation To Banking And Insurance Stocks In December: Here Are The Best Performing Financial Stocks In 2024

U.S. financial stocks are enjoying a banner year in 2024, with the sector posting the strongest yearly return in nearly three decades, fueled by the spectacular resilience of the American economy and soaring investor optimism for deregulation following Donald <a href="https://www.benzinga.com/topic/donald-trump">Trump</a><a href="https://www.benzinga.com/topic/donald-trump">'s November election victory.</a>
The iShares U.S. Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>) has skyrocketed 34% year-to-date, representing the fund's best annual performance since its launch in 2001.
Similarly, other financial-focused ETFs have seen strong gains. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) surged 31.7%, its strongest rally since 2013, while the Vanguard Financials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFH#NYSE">VFH</a>) climbed 32.4%.
<h3 class="wp-block-heading">Chart: A Year To Remember For Financial Stocks</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="475" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-1024x475.png" alt="" class="wp-image-694668" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-1024x475.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-768x356.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134-1536x713.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16154716/image-134.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">The Financial Sector&#8217;s Biggest Winners In 2024</h3>
This year has produced standout performances from a range of individual financial stocks. Below is a list of the 10 best-performing financial equities of 2024 within the IYF ETF:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (YTD)</td>
</tr>
<tr>
<td>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td>242.28%</td>
</tr>
<tr>
<td>Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>)</td>
<td>118.22%</td>
</tr>
<tr>
<td>Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>)</td>
<td>102.81%</td>
</tr>
<tr>
<td>Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>)</td>
<td>91.31%</td>
</tr>
<tr>
<td>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)</td>
<td>88.71%</td>
</tr>
<tr>
<td>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>81.72%</td>
</tr>
<tr>
<td>Virtu Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>)</td>
<td>80.90%</td>
</tr>
<tr>
<td>Evercore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>)</td>
<td>74.57%</td>
</tr>
<tr>
<td>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</td>
<td>68.99%</td>
</tr>
<tr>
<td>Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) </td>
<td>66.88%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data as of Dec. 16, 2024</figcaption></figure>
<h3 class="wp-block-heading">Why Financial Stocks Soared In 2024</h3>
The 2024 rally in financial stocks has been driven by a potent cocktail of strong economic growth, declining interest rates, and deregulation optimism.
The U.S. economy demonstrated remarkable resilience, with economic growth accelerating from 1.6% in the first quarter to 3% in the second quarter, and maintaining a solid 2.8% in the third quarter. 
Survey data for December further underscored this momentum, showing <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42511277/us-services-sector-booms-at-fastest-pace-since-october-2021-business-activity-leaps-to-over-two-year-highs">private-sector activity expanding at its fastest pace since April 2022</a>, with particularly strong growth in the services sector—the backbone of the financial economy.
Bank of America&#8217;s global economics team recently summarized the sentiment, stating, &#8220;Pro-growth policies like deregulation of financial services and energy, as well as lower taxes, are boosting market sentiment and asset prices.&#8221;
One of the most critical tailwinds was the de-inversion of the U.S. yield curve. The Federal Reserve's decision to ease interest rates, coupled with steady economic growth and resilient inflation, flipped the gap between short- and long-term Treasury yields. This dynamic allowed banks to borrow cheaply via short-term funding and lend at higher, long-term rates—improving net interest margins and boosting profitability.
Mortgage rates, for example, remain high because they are linked to longer-dated Treasury yields, even as interest rates have declined. 
"Economic growth data has been coming in generally better than expected lately, which has helped push Treasury yields higher, while at the same time pricing out the need for an aggressive rate-cutting campaign by the Fed," LPL Financial said in a recent note.
<h3 class="wp-block-heading">What's Next for Financial Stocks In 2025?</h3>
Heading into 2025, Wall Street sees more tailwinds for the financial sector, particularly from deregulation. "We expect a broad deregulatory push benefiting energy and financial services," Bank of America said. The firm also noted that deregulation in the banking system could ease credit constraints while stabilizing the financial system, especially given the rapid rise of private lending, which remains largely unregulated.
According to Goldman Sachs analyst Richard Ramsden, large-cap banks remain optimistic about the economy. "Healthy consumer spending trends and strong corporate balance sheets have supported a constructive outlook," Ramsden said in a recent note.
However, regional banks remain cautious about loan growth, with many pointing to a potential rebound in early-to-mid 2025. While client sentiment has improved post-election, this optimism hasn't yet translated into higher lending activity.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42468190/defense-stocks-face-headwinds-as-trumps-doge-targets-spending-cuts-goldman-sachs-downgrades-general-dynamics-to-sell">Defense Stocks Face Headwinds As Trump&#8217;s DOGE Targets Spending Cuts: Goldman Sachs Downgrades General Dynamics</a></li>
</ul>
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Financial Stocks Near Record Year: Could Trump Deregulation Fuel Bigger Gains In 2025?

U.S. Rep. Morgan McGarvey (D-Ky.) recently disclosed he bought and sold shares of Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) in November, with the transactions occurring shortly after Donald Trump won the <a href="https://www.benzinga.com/general/social-media/24/11/41784933/donald-trumps-wealth-soars-with-2024-election-win-heres-how-much-president-elect-is-worth-ho">2024 presidential election.</a>
What Happened: McGarvey, who has been outspoken throughout the year about Trump, disclosed that he bought shares of the company co-founded by Trump, as shown on the Benzinga <a href="https://www.benzinga.com/gov-trades/members/morgan-mcgarvey">Government Trades page.</a>
Benzinga has contacted both McGarvey and Trump Media &amp; Technology group for comment on this story.
The Representative disclosed the following transactions on Dec. 10:
<ul>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): Sold $1,000 to $15,000</li>
<li>Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>): Sold $1,000 to $15,000</li>
<li>Interactive Brokers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>): Sold $1,000 to $15,000</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): Sold $1,000 to $15,000</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): Sold $1,000 to $15,000, Sold $1,000 to $15,000, Sold $1,000 to $15,000, Sold $1,000 to $15,000, Sold $15,000 to $50,000 (five separate transactions)</li>
<li>Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>): Sold $1,000 to $15,000</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): Sold $1,000 to $15,000</li>
<li>Trump Media &amp; Technology: Bought $1,000 to $15,000, Sold $1,000 to $15,000</li>
</ul>
All of the transactions were made on Nov. 13, with the exception of DJT, with the buy date listed as Nov. 6 and the sale date listed as Nov. 8.
In the notes sections on the filing, McGarvey said DJT was "purchased without knowledge of filer or spouse." The notes also said that DJT stock was sold for a loss, as <a href="https://www.quiverquant.com/congresstrading/politician/Morgan%20McGarvey-M001220">reported </a>by Quiver Quant.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent121124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The timing of the transaction, which occurred the day after the 2024 election was won by Trump, and the fact that McGarvey is a Democratic member of Congress will likely put a large spotlight on this transaction.
DJT stock <a href="https://www.benzinga.com/news/earnings/24/11/41760961/djt-stock-volatile-on-election-day-donald-trumps-media-company-reports-q3-earnings-growth-initiativ">saw huge volatility</a> and a price increase in the lead up to the 2024 presidential election on Nov. 5. McGarvey's buy transaction took place on Nov. 6, the day after the election.
DJT stock traded between $34.13 and $45.77 on Nov. 6 when the shares were bought. On Nov. 8, when shares were sold, DJT stock traded between $26.70 and $33.03. Shares trade at $34.14 at the time of writing Wednesday. 
The DJT trade could contradict McGarvey&#8217;s outspoken stance on Trump.
"In America, no one is above the law. Donald Trump, the convicted felon, is the presumptive Republican nominee for president and he is unfit to serve in any public office, especially the President of the United States," McGarvey <a href="https://mcgarvey.house.gov/media/press-releases/congressman-morgan-mcgarveys-statement-on-former-president-trump-found-guilty-on-all-34-felony-charges">said </a>back in May when Trump was found guilty on 34 felony charges.
In July, McGarvey also <a href="https://mcgarvey.house.gov/media/press-releases/congressman-morgan-mcgarveys-statement-on-dismissal-of-trumps-classified-documents-case">shared </a>comments on the dismissal of Trump's classified documents case.  
While McGarvey saw a loss in the DJT trade, he likely profited from selling the Tesla shares. McGarvey reported purchasing Tesla stock on Oct. 25, when shares were priced between $255.32 and $269.49. By Nov. 13, Tesla traded in the range of $322.50 to $344.60, and as of now, the stock stands at $411.52.
U.S. Rep. Marjorie Taylor Greene (D-Ga.) <a href="https://www.benzinga.com/government/24/09/41031499/marjorie-taylor-greene-stays-loyal-to-trump-keeps-djt-stock-buys-into-warren-buffetts-berkshire-in-l">previously disclosed buying</a> shares of Digital World Acquisition back in October 2021, the SPAC that took the media company public in March 2024.
The transaction was done with shares trading between $67.96 to $118.80. A tweet from UnusualWhales pins the purchase price at $94.20, meaning Greene is down significantly on her $15,000 to $50,000 purchase of the Trump-linked stock.
DJT Price Action: Trump Media &amp; Technology stock traded at $34.15 Wednesday, versus a 52-week trading range of $11.75 to $79.38.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42330146/congressman-buys-meme-coins-ski-mask-dog-coin-climbs-in-value-after-disclosure-i-liked-the-coins-so-i-bought-them">Congressman Buys Meme Coins? Ski Mask Dog Coin Climbs In Value After Disclosure: &#8216;I Liked The Coins, So I Bought Them&#8217;</a></li>
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Democratic Congressman Bought DJT Stock After 2024 Election, Months After Saying Donald Trump 'Unfit To Serve'

Bank of America is bullish on U.S. brokers, asset managers and exchanges heading into 2025, raising price targets across the sector by an average of 14%, citing strong tailwinds from deregulation, rising retail investor engagement and solid U.S. GDP growth <a href="https://www.benzinga.com/news/econ-s">projected at 2%-2.5%.</a>
In a new report released Wednesday, analyst Craig Siegenthaler dubbed 2025 as the year of &#8220;extensions&#8221; of ongoing trends, amid a fresh boost from a red political sweep and deregulation efforts under a Trump presidency.
According to Bank of America, the red wave of the 2024 elections is also set to open new doors for crypto and alternative investments (Alts) and give brokers and asset managers room to shine.
The report highlights three top Buy-rated stocks — Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>), Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), and Tradeweb Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TW#NASDAQ">TW</a>) — and two key Underperformers: Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) and Carlyle Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>).
<h1 class="wp-block-heading">Alts: Blue Owl Leads The Charge</h1>
Alternative asset managers (Alts) are primed for a strong year, with Blue Owl Capital emerging as the standout pick.
<ul>
<li>Buy Rating and $33 price target. Bank of America expects a four-fold earnings per share (EPS) growth by 2027.</li>
<li>Valuation: Blue Owl trades at just 16x its 2027 EPS, offering a 4% dividend yield.</li>
<li>Earnings Quality: Remarkably, 100% of Blue Owl's EPS is Fee-Related Earnings (FRE), and nearly all of its asset under management (AUM) is locked in either permanently or long-term capital.</li>
<li>Secular Growth Drivers: Key tailwinds include retail access to Alts (via RIAs), insurance partnerships, and consolidation among general partners.</li>
</ul>
Siegenthaler highlighted Blue Owl's unique position: "Under-owned, undervalued and underappreciated.&#8221;
<h1 class="wp-block-heading">Brokers: Interactive Brokers In A &#8220;Goldilocks&#8221; Setup</h1>
Interactive Brokers is Bank of America&#8217;s top broker pick for 2025, as solid U.S. GDP growth (2.0%-2.5%) and sticky inflation (&gt;2.5%) create a "Goldilocks" environment for brokers.
Bank of America is also bullish on Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), seen as &#8220;best-positioned given high tech/low legacy cost models with strong innovation track records.&#8221;
<h4 class="wp-block-heading">Interactive Brokers </h4>
<ul>
<li>Buy Rating and $288 price target</li>
<li>Fundamentals: Interactive Brokers boasts an operating margin of over 70%, with incremental margins exceeding 80%. It also holds $7 billion in excess capital, which supports reinvestment and growth.</li>
<li>Competitive Edge: The broker's tech-first approach, including investments in R&amp;D and innovative tools like its Global Trader app, has spurred 20-40% annual account growth.</li>
<li>Valuation: &#8220;Undervalued due to unique set of factors — float, voting rights/control, capital retention.&#8221;</li>
</ul>
<h1 class="wp-block-heading">Exchanges: Tradeweb Offers Long-Term Growth</h1>
Tradeweb Markets is Bank of America's top pick among exchanges due to its wide product breadth, first-mover innovation, and long-term visibility.
<ul>
<li>Buy Rating and $205 price target</li>
<li>Competitive advantages: Tradeweb Markets offers a diverse menu spanning fixed income, ETFs and money markets, appealing to a broad client base, including market makers, financial advisors, and corporate treasurers.</li>
<li>Innovation edge: Tradeweb Market&#8217;s portfolio trading and session trading protocols have driven consistent market share gains.</li>
<li>Long-term growth visibility: The secular shift from voice to electronic bond trading provides a long runway for growth.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42421528/trumps-tariff-storm-3-survival-strategies-us-companies-are-using-to-fight-back">Trump&#8217;s Tariff Storm: 3 Survival Strategies US Companies Are Using To Fight Back</a></li>
</ul>
Photo: Shutterstock

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Bank Of America Raises Bullish Outlook On US Brokers, Exchanges, Alternative Investments: 3 Top Picks For 2025

New AI Feature Provides Condensed Market Insights, Saving Time and Boosting Efficiency
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.interactivebrokers.com%2Fen%2Fhome.php&amp;esheet=54164878&amp;newsitemid=20241211090832&amp;lan=en-US&amp;anchor=Interactive+Brokers&amp;index=1&amp;md5=17bac3ca6f51084f32da00c308f1691c">Interactive Brokers</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), an automated global electronic broker, announced the introduction of AI-generated news summaries to its News &amp; Research offering. This advanced feature, available at no additional cost, enables clients to access concise summaries of news articles, streamlining insights from leading providers and making it easier for investors to stay informed.

Interactive Brokers Announces The Introduction Of AI-Generated News Summaries To Its News & Research Offering

Barclays analyst Benjamin Budish maintains Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) with a Overweight and raises the price target from $165 to $214.

Barclays Maintains Overweight on Interactive Brokers Gr, Raises Price Target to $214

Analysts' ratings for Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $167.75, along with a high estimate of $195.00 and a low estimate of $155.00. This upward trend is apparent, with the current average reflecting a 8.31% increase from the previous average price target of $154.88.
<img src="https://www.benzinga.com/files/images/story/2024/1733259610_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of Interactive Brokers Gr by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Yaro</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$171.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$165.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$163.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Brennan Hawken</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$170.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$163.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$166.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Daniel Fannon</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$152.00</td>
</tr>
<tr>
<td>Brennan Hawken</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$155.00</td>
<td>$145.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Interactive Brokers Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Interactive Brokers Gr compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Interactive Brokers Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Interactive Brokers Gr's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/IBKR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Interactive Brokers Gr analyst ratings.</a>
<h2>About Interactive Brokers Gr</h2>
Interactive Brokers is an online brokerage that generates trading commissions (around 31% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and exchange-traded funds. Interactive Brokers also generates net interest income (about 64% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about 5% of net revenue). The firm derives about 70% of its net revenue from the US and 30% from international markets.
<h3>Interactive Brokers Gr: A Financial Overview</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Interactive Brokers Gr's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 18.1%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Interactive Brokers Gr's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 7.68%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Interactive Brokers Gr's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.56%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Interactive Brokers Gr's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.13%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Interactive Brokers Gr's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.01.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring Interactive Brokers Gr Through Analyst Insights

Goldman Sachs analyst James Yaro maintains Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) with a Buy and raises the price target from $171 to $195.

Goldman Sachs Maintains Buy on Interactive Brokers Gr, Raises Price Target to $195

Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for November.
Brokerage highlights for the month included:
<ul>
<li>3.306 million Daily Average Revenue Trades (DARTs)1, 74% higher than prior year and 17% higher than prior month.</li>
<li>Ending client equity of $575.9 billion, 42% higher than prior year and 7% higher than prior month.</li>
<li>Ending client margin loan balances of $60.2 billion, 43% higher than prior year and 2% higher than prior month.</li>
<li>Ending client credit balances of $118.8 billion, including $4.7 billion in insured bank deposit sweeps2, 17% higher than prior year and 1% higher than prior month.</li>
<li>3.253 million client accounts, 29% higher than prior year and 2% higher than prior month.</li>
<li>227 annualized average cleared DARTs1 per client account.</li>
<li>Average commission per cleared Commissionable Order4 of $2.70 including exchange, clearing and regulatory fees. Key products:</li>
</ul>
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">November 2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Average</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Average Commission per</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Order Size</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Cleared Commissionable Order</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Stocks</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">785 shares</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.91</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Equity Options</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">6.8 contracts</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$3.96</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Futures</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">3.1 contracts</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$4.46</td>
</tr>
</tbody>
</table>
</figure>
Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 56% of the futures commissions.

Interactive Brokers Group Reports Brokerage Metrics And Other Financial Information For November 2024; 3.306M Daily Average Revenue Trades, 74% Higher Than Prior Year And 17% Higher Than Prior Month

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$44.00</td>
<td>$69.6K</td>
<td>15.2K</td>
<td>1.3K</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$300.00</td>
<td>$31.1K</td>
<td>569</td>
<td>952</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$250.00</td>
<td>$58.5K</td>
<td>8.0K</td>
<td>841</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$70.00</td>
<td>$34.1K</td>
<td>52.2K</td>
<td>749</td>
</tr>
<tr>
<td>IBKR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$195.00</td>
<td>$68.8K</td>
<td>353</td>
<td>424</td>
</tr>
<tr>
<td>ABR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$15.00</td>
<td>$31.6K</td>
<td>3.6K</td>
<td>227</td>
</tr>
<tr>
<td>TRV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$250.00</td>
<td>$66.6K</td>
<td>440</td>
<td>129</td>
</tr>
<tr>
<td>CME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$250.00</td>
<td>$26.6K</td>
<td>278</td>
<td>126</td>
</tr>
<tr>
<td>LMND</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$38.00</td>
<td>$38.4K</td>
<td>39</td>
<td>121</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$70.00</td>
<td>$29.1K</td>
<td>383</td>
<td>96</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a call option sweep with bearish sentiment. It expires in 49 day(s) on January 17, 2025. Parties traded 162 contract(s) at a $44.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $69.6K, with a price of $430.0 per contract. There were 15296 open contracts at this strike prior to today, and today 1320 contract(s) were bought and sold. 
• Regarding GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we observe a call option trade with neutral sentiment. It expires in 49 day(s) on January 17, 2025. Parties traded 1 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $31.1K, with a price of $31187.0 per contract. There were 569 open contracts at this strike prior to today, and today 952 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a call option trade with bearish sentiment. It expires in 21 day(s) on December 20, 2024. Parties traded 100 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $585.0 per contract. There were 8043 open contracts at this strike prior to today, and today 841 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option sweep that happens to be bullish, expiring in 49 day(s) on January 17, 2025. This event was a transfer of 102 contract(s) at a $70.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $34.1K, with a price of $335.0 per contract. There were 52204 open contracts at this strike prior to today, and today 749 contract(s) were bought and sold. 
• For IBKR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), we notice a call option trade that happens to be bearish, expiring in 21 day(s) on December 20, 2024. This event was a transfer of 200 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $68.8K, with a price of $344.0 per contract. There were 353 open contracts at this strike prior to today, and today 424 contract(s) were bought and sold. 
• For ABR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>), we notice a put option sweep that happens to be bullish, expiring in 112 day(s) on March 21, 2025. This event was a transfer of 226 contract(s) at a $15.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $140.0 per contract. There were 3648 open contracts at this strike prior to today, and today 227 contract(s) were bought and sold. 
• Regarding TRV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>), we observe a call option trade with bullish sentiment. It expires in 21 day(s) on December 20, 2024. Parties traded 36 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $66.6K, with a price of $1850.0 per contract. There were 440 open contracts at this strike prior to today, and today 129 contract(s) were bought and sold. 
• For CME (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>), we notice a call option trade that happens to be bullish, expiring in 112 day(s) on March 21, 2025. This event was a transfer of 70 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $26.6K, with a price of $380.0 per contract. There were 278 open contracts at this strike prior to today, and today 126 contract(s) were bought and sold. 
• For LMND (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>), we notice a put option sweep that happens to be bullish, expiring in 112 day(s) on March 21, 2025. This event was a transfer of 120 contract(s) at a $38.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $38.4K, with a price of $320.0 per contract. There were 39 open contracts at this strike prior to today, and today 121 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a put option sweep that happens to be bullish, expiring in 21 day(s) on December 20, 2024. This event was a transfer of 60 contract(s) at a $70.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $29.1K, with a price of $485.0 per contract. There were 383 open contracts at this strike prior to today, and today 96 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AFRM

LMND

10 Financials Stocks Whale Activity In Today's Session

Charles Schwab Corp.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) incoming CEO, Rick Wurster has announced that the company is gearing up to offer spot cryptocurrency trading once the regulatory environment in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">U.S. becomes more favorable</a>.
What Happened: Wurster, currently serving as the firm's president, shared his thoughts in a Bloomberg Radio interview, highlighting the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">potential shift in regulations</a> under President-elect Donald Trump's administration.
"We will get into spot crypto when the regulatory environment changes," Wurster <a href="https://www.bloomberg.com/news/articles/2024-11-21/charles-schwab-eyes-spot-crypto-trading-once-regulations-change">said </a>Thursday. "We do anticipate that it will change, and we're preparing for that eventuality."
The competition for retail investors' attention has been intensifying since the pandemic, and this trend has only accelerated following the recent U.S. presidential election. 
Schwab, which has been active in the investment space for decades, faces stiff competition from newer players like Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Webull, as well as long-standing rivals such as Fidelity Investments and Interactive Brokers Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>).
All firms are vying to attract clients by rolling out new products, including those tied to cryptocurrency.
While Schwab currently offers crypto-linked exchange-traded funds (ETFs) and crypto futures, Wurster acknowledged the growing role of cryptocurrency in the retail investment landscape. 
"Crypto has certainly caught many people's attention, and they've made a lot of money doing it," he said.
However, he added with a touch of humor, "I have not bought crypto, and now I feel silly."
Although Wurster does not plan to invest in cryptocurrency personally, he expressed his support for Schwab clients who choose to do so. 
This stance aligns with Schwab's broader strategy of meeting client demands while navigating the evolving financial landscape.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114012/bitcoin-price-hitting-100000-in-november-polymarket-traders-speculate-it-might-go-even-higher">Bitcoin Price Hitting $100,000 In November? Polymarket Traders Speculate It Might Go Even Higher</a>
Why It Matters: Wurster's remarks come as Charles Schwab Corp. prepares for a leadership transition.
Current CEO Walt Bettinger, who has led the company since 2008, will step down at the start of next year as he approaches the firm's mandatory retirement age of 65.
Wurster, who joined Schwab in 2016 and has served as president since 2021, is set to take over the top role.
In addition to discussing cryptocurrency, Wurster emphasized the transformative role of artificial intelligence (AI) in wealth management. 
He noted that Schwab has implemented AI tools to enhance customer service efficiency significantly.
"Previously, about 60,000 times a month, our representatives would spend more than three minutes searching for information to answer client questions," Wurster said. "Now we have AI capabilities that retrieve that information in seconds."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42096519/bitcoin-to-reach-190000-this-cycle-michael-terpin-of-transform-group-says">Bitcoin To Reach $190,000 This Cycle, Michael Terpin Of Transform Ventures Says</a></li>
</ul>
Image: Shutterstock

Charles Schwab Prepares For Spot Cryptocurrency Trading Under New Leadership

In the current session, the stock is trading at $188.20, after a 1.45% increase. Over the past month, Interactive Brokers Gr Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) stock increased by 27.32%, and in the past year, by 129.49%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1732123820_0.png" alt="Past Year Chart" />

<h3>Comparing Interactive Brokers Gr P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Interactive Brokers Gr has a lower P/E than the aggregate P/E of 31.56 of the Capital Markets industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1732123820_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Interactive Brokers Gr

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/11/11/final-trades-salesforce-lockheed-martin-interactive-brokers-and-the-ijr.html">Halftime Report Final Trades</a>,&#8221; Rob Sechan of NewEdge Wealth named Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) as <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41857054/salesforce-shares-are-trading-higher-today-what-you-need-to-know">his final trade.</a>
The company, last week, revealed plans to hire over 1,000 employees to support the sales push for its new AI product, Agentforce, which targets the growing demand for AI-driven automation across various business functions
Jim Lebenthal of Cerity Partners picked Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), saying the world will still be a violent place. &#8220;I know our incoming President [Donald Trump] has the noble goals of curtailing a lot of military activity overseas. I'm not sure it's really in his power,&#8221; he added.
On Oct. 29, Barclays analyst David Strauss maintained Lockheed Martin with an Equal-Weight and raised the price target from $505 to $565.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Anastasia Amoroso of iCapital picked iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>), saying it's not too late to add to small caps.
Joseph M. Terranova of Virtus Investment Partners said Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is the best performing financials stock for them.
On Oct. 15, Interactive Brokers reported quarterly earnings of $1.75 per share, which missed the analyst consensus estimate of $1.82. Quarterly revenue of $1.33 billion met the analyst consensus estimate and is an increase over revenue of $1.15 billion from the same period last year.
Price Action:
<ul>
<li>Salesforce shares gained 6.1% to close at $341.73 during Monday's session.</li>
<li>Lockheed Martin shares rose 1.1% to settle at $570.58 during Monday's session.</li>
<li>iShares Core S&amp;P Small-Cap ETF gained 1.6% during Monday's session.</li>
<li>Interactive Brokers shares gained 5.7% to close at $179.49 on Monday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41877638/jim-cramer-tech-stock-go-to-160-recommends-buying-dominos-pizza">Jim Cramer: This Tech Stock Can &#8216;Go To 160,&#8217; Recommends Buying Domino&#8217;s Pizza</a></li>
</ul>

Media

Salesforce, Lockheed Martin, Interactive Brokers And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Salesforce, Lockheed Martin, Interactive Brokers Group, iShares Core S&P Small-Cap ETF

Stocks and cryptocurrencies saw heavy action during the after-hours trading session during the 2024 election thanks to the expansion of 24-hour trading at companies like Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), which sees the extended hours as a key user<a href="https://www.benzinga.com/markets/equities/24/08/40242234/robinhood-ceo-vlad-tenev-says-24-hour-market-trading-volume-approaching-30b-we-are-really-excite"> growth item moving forward.</a>
Here's a look at the top trading tickers and cryptocurrencies on Tuesday night.
What Happened: Investors closely watched the stock market and cryptocurrencies as Donald Trump pulled ahead in the 2024 election and was <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">declared the winner</a> by the Associated Press in the early hours of Wednesday morning.
Years ago, investors would have had to wait until the stock market opened to start buying their favorite stocks linked to a potential Trump win, but that wasn't the case Tuesday night.
As Trump pulled ahead in the race, shares of Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), a media company the president co-founded, <a href="https://www.benzinga.com/markets/equities/24/11/41767200/trump-media-stock-djt-jumps-33-77-in-pre-market-as-ex-president-inches-closer-to-white-house-vic">surged ahead.</a> Electric vehicle company Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also gained significantly, fueled by CEO Elon Musk's close ties with Trump and the expectation that the incoming administration may create a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41755274/trump-win-could-hinder-tech-ev-sector-growth-slow-the-pace-of-ai-revolution-analyst">more favorable environment</a> for Tesla, potentially challenging its competitors and boosting its share price outlook.
Robinhood reported its largest overnight session since launching the 24-hour market. This included the company's recently launched 2024 election contracts <a href="https://x.com/RobinhoodApp/status/1854017622758862891">passing </a>a milestone of 400 million contracts traded.
The <a href="https://www.benzinga.com/general/sports-betting/24/11/41719799/robinhood-passes-100-million-2024-election-contracts-do-users-favor-trump-or-harris-on-sto">company reported the</a> 100 million contract milestone ahead of the election and later reported that the figure had doubled to 200 million <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41756372/robinhoods-election-contracts-hit-200-million-trades-on-election-day">around one day later</a>. A total of over 500,000 Robinhood users <a href="https://x.com/RobinhoodApp/status/1854006857918300538">traded </a>election contracts according to the company.
Trading volume Tuesday night was around 11 times more than the company's usual overnight volume from 8 p.m. ET to 4 a.m. ET.
Here were the top 10 traded stocks and ETFs Tuesday night during the overnight trading session, according to Robinhood. The company did not specify the leaders in volume order, so they are listed below in alphabetical order by ticker:
<ul>
<li>Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
<li>Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)</li>
<li>iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)</li>
<li>MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)</li>
<li>SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Direxion Daily TSLA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLL#NASDAQ">TSLL</a>)</li>
<li>ProShares UltraPro QQQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TQQQ#NASDAQ">TQQQ</a>)</li>
</ul>
Robinhood also reported that the top three traded cryptocurrencies Tuesday night, in no particular order, were Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110624">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The heavy volume from Robinhood came as many expected potential volatility in after-hours and extended-hours trading for brokerages that offer these services to their customers.
"We don't expect to have any issues at this point in time," an Interactive Brokers spokesperson told <a href="https://www.bloomberg.com/news/articles/2024-11-05/legions-of-day-traders-are-bracing-for-election-day-disruptions?sref=TBDibEcD">Bloomberg </a>ahead of the election. "We've seen heavy trading volumes on the exchange with over 50 million presidential contracts traded today."
Like Robinhood and others, Interactive Brokers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) <a href="https://www.benzinga.com/government/24/10/41174915/interactive-brokers-rolls-out-election-contracts-as-kalshi-resumes-high-stakes-congressional-bets">offered 2024 election contracts</a> through its ForecastEx LLC subsidiary. From Oct. 4 through the end of the day on Nov. 4, Interactive Brokers saw over 220 million 2024 election contracts traded, the company said. &nbsp;
The inclusion of election contract trading and having cryptocurrencies on the platform likely contributed to Robinhood's record night.
The list of 10 tickers above shows that several of them (COIN, IBIT, MSTR) were related to the cryptocurrency sector. Bitcoin hit all-time highs of $75,361.09 Wednesday morning and traded higher during the run-up to Trump&#8217;s declaration as the victor of the 2024 election.
Several brokers offer 24-hour trading of stocks and ETFs. Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) recently announced <a href="https://www.benzinga.com/fintech/24/10/41627496/schwab-expands-24-hour-trading-to-include-all-stocks-in-s-p-500-nasdaq-100-hundreds-of-etfs">that it would expand</a> 24-hour trading to all stocks in the S&amp;P 500 and Nasdaq 100 indexes in 2025.
The New York Stock Exchange, which is owned by Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), is <a href="https://www.benzinga.com/markets/equities/24/10/41561907/nyse-to-extend-arca-exchange-trading-to-22-hours-per-day">looking to extend trading hours </a>of the Arca Exchange to 22 hours a day from 1:30 a.m. ET to 11:30 p.m. ET subject to regulatory approval.
The 2024 election may change many things going forward, including the likelihood that investors will have more options to trade stocks, ETFs and cryptocurrencies more hours in the day.
HOOD Price Action: Robinhood stock is up 18.6% to $29.62 on Wednesday, hitting new 52-week highs of $29.27 early in the trading session. The stock is up 139% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/asia/24/11/41768811/donald-trump-wins-47th-presidency-us-futures-up-europe-up-asia-mixed-crude-falls-and-dollar-strength">Donald Trump Wins 47th Presidency -US Futures Up, Europe Up, Asia Mixed, Crude Falls And Dollar Strengthens</a></li>
</ul>
Photo: Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

$BTC

$DOGE

$ETH

IBIT

MSTR

TQQQ

TSLL

Robinhood Reports Record Overnight Trading Volume, 400 Million 2024 Election Contracts Traded

This year's presidential election could go down as the race that changed the way people around the world can bet on sportsbooks and prediction markets, such as whether Donald Trump or Vice President Kamala Harris will win the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
Investment company Public.com took a shot at the rising growth of prediction markets in a social media post on Tuesday. 
What Happened: The growth of <a href="https://www.benzinga.com/topic/polymarket">prediction markets such as</a> Polymarket and Kalshi witnessed billions of dollars placed on predictions of Harris or Trump winning the 2024 election race.
While election polls predict a close head-to-head battle between Harris and Trump, prediction markets show a dominant win by Trump,<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41463756/polymarket-to-review-user-base-in-light-of-whales-betting-millions-on-trump-election-win"> prompting some callouts</a> that the markets might be heavily influenced by some large bettors and not as accurate as polls.
Public.com teased a new way to bet on the 2024 election in a post on X.
"With Election Day 2024 just a week away, we're excited to introduce the best way to place a bet on your preferred candidate," Public.com <a href="https://x.com/public/status/1851295736631267526">posted </a>with a link.
While many were expecting the link to take them to a new prediction market from Public, a company that lets users invest in stocks, cryptocurrency, bonds and options, they were met with something entirely different.
The link, which is viewed as placeyourbet.us, redirects to the Vote.org website and shares polling locations by state.
That's right, Public.com is telling Americans who might want to bet on Harris or Trump winning the 2024 election that the best way to wager on their preferred candidate is to get out and vote.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent102924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The post by Public.com comes at a time when prediction markets are soaring and shortly after financial services company Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)<a href="https://www.benzinga.com/news/24/10/41573989/harris-vs-trump-robinhood-launches-election-event-contracts-for-traders-as-2024-presidential-race-he"> announced the launch</a> of presidential election event contracts through its subsidiary Robinhood Derivatives, LLC.
Robinhood recently became the latest company to let its users trade based on whether they think Harris or Trump will win the 2024 election, with a select number of U.S. customers currently having access to the contracts.
Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) <a href="https://www.benzinga.com/government/24/10/41174915/interactive-brokers-rolls-out-election-contracts-as-kalshi-resumes-high-stakes-congressional-bets">announced the launch</a> of political betting contracts earlier this month. The contracts come from the company's ForecastEx exchange and allow users to speculate on the winners of the 2024 presidential election and key Congressional races.
Kalshi, which is <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41158370/wanna-put-your-money-on-trump-or-harris-crypto-based-polymarket-gets-competition-after-kal">legal for prediction markets </a>in the U.S., allows users to wager on various outcomes including the U.S. election. A prediction market for the 2024 presidential winner has more than $102 million in wagers.
Polymarket is open to international residents and allows users to deposit funds using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) via the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) network, or directly from a crypto account with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
The company's prediction market for the 2024 presidential election has attracted over $2.7 billion in wagers.
Read Next: 
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<li><a href="https://www.benzinga.com/fintech/24/04/38312771/public-acquires-tradeapp-investment-accounts-from-stocktwits-users-gain-access-to-ai-assisted-analys">Public Acquires TradeApp Investment Accounts From Stocktwits, Users Gain Access To AI-Assisted Analysis</a></li>
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Photo: Gorodenkoff via Shutterstock

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Public.com Announces 'The Best Way To Place A Bet' On The 2024 Election — And It's Not Prediction Markets

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. For example, a customer who believes that Kamala Harris will win the 2024 US presidential election could submit a bid for the "Yes" contract of the event pair titled "Will Kamala Harris win the US Presidential Election in 2024?". If Kamala Harris is certified as the winner by the US Congress, then the holder of that "Yes" contract will be paid $1.00 and the holder of the "No" contract, $0. If the cost to purchase that "Yes" contract was $0.37, then the purchaser would earn $0.63 per contract.

Interactive Brokers' ForecastEx Announces The Approval Of A New Clearing Member, Robinhood Derivatives

<a href="https://www.benzinga.com/">Benzinga</a>, a leading voice in financial media for modern investors, has announced the finalists for its 10th annual <a href="https://www.benzinga.com/fintech-awards">Benzinga Global Fintech Awards</a>. 
Scheduled for Nov. 19 at the Convene Brookfield Place in New York City, this prominent awards ceremony will honor the <a href="https://www.benzinga.com/fintech-awards" target="_blank" rel="noopener">top innovators and disruptors</a> reshaping financial technology. With more than 25 categories in competition, the event highlights achievements in innovation, accessibility and positive industry impact, recognizing both companies and individuals at the forefront of fintech advancement.
Finalists, rigorously chosen by an expert panel, reflect fintech's potential to drive transformative change across the financial ecosystem. Key figures from diverse sectors, including renowned speakers Grant Cardone, Jan van Eck and Mario Nawfal, will add depth to the discussions and insights, enhancing the day's value for attendees.
&#8220;This year's finalists embody the transformative power of fintech innovation,&#8221; said Jason Raznick, co-founder of Benzinga. &#8220;We're excited to bring together the brightest minds in fintech and celebrate their contributions to the industry. With over $100 million worth of deals expected at this event, Fintech Deal Day 2024 is poised to be a transformative experience for all participants.&#8221;
Also Read: <a href="https://www.benzinga.com/fintech/24/10/41416146/exclusive-time-kills-all-deals-dealmakers-e-commerce-platform-keeps-investors-focused-and-capital-fl">EXCLUSIVE: &#8216;Time Kills All Deals&#8217; – DealMaker&#8217;s E-Commerce Platform Keeps Investors Focused And Capital Flowing</a>
The day promises discussions on the latest trends, networking opportunities and partnership potential. Attendees can expect thought-provoking talks from keynote speakers and countless moments of industry insight. 
Investors, fintech leaders and up-and-coming innovators alike will find a space to exchange ideas, explore groundbreaking projects and forge new collaborations.
<h2 class="wp-block-heading">2024 Benzinga Global Fintech Awards Finalist List</h2>
<h3 class="wp-block-heading">Best Alternative Investments Platform:</h3>
<ul>
<li>Groundfloor: Fractionalized Retail Investing</li>
<li>Titan</li>
<li>Yieldstreet</li>
<li>Alto</li>
<li>Arrived</li>
<li>iTrustCapital</li>
<li>Percent</li>
</ul>
<h3 class="wp-block-heading">Best API Solution:</h3>
<ul>
<li>DriveWealth</li>
<li>Autochartist Financial Market</li>
<li>Alpaca</li>
<li>TradeStation</li>
<li>Newsquawk</li>
<li>GTN</li>
<li>Interactive Brokers Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>)</li>
<li>Polygon.io</li>
</ul>
<h3 class="wp-block-heading">Best Automated Trading Software:</h3>
<ul>
<li>Tickblaze</li>
<li>Options Auto Trader</li>
<li>AlgoBulls</li>
</ul>
<h3 class="wp-block-heading">Best Broker for Sophisticated Traders:</h3>
<ul>
<li>Alpaca</li>
<li>TradeStation</li>
<li>Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage App:</h3>
<ul>
<li>TradeStation</li>
<li>Wolfpack Financial Inc</li>
<li>BBAE Pro</li>
<li>Webull</li>
<li>Charles Schwab</li>
<li>Moomoo</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Beginners:</h3>
<ul>
<li>Firstrade Securities Inc</li>
<li>Gotrade</li>
<li>eToro</li>
<li>Stash</li>
<li>Plynk</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Day Trading:</h3>
<ul>
<li>TradeUp</li>
<li>IBKR</li>
<li>Moomoo</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Forex in the US:</h3>
<ul>
<li>Trading.com</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Options Trading:</h3>
<ul>
<li>Firstrade</li>
<li>Lightspeed Financial Services Group</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Short Selling:</h3>
<ul>
<li>TradeZero Holding Corp.</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Brokerage for Trading Futures:</h3>
<ul>
<li>NinjaTrader</li>
<li>EdgeClear</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Canadian Brokerage:</h3>
<ul>
<li>Qtrade Direct Investing</li>
<li>Questrade</li>
</ul>
<h3 class="wp-block-heading">Best Data Analysis Tool:</h3>
<ul>
<li>TradesViz</li>
<li>Stock Analysis</li>
<li>Lukka</li>
<li>Public Alpha</li>
<li>Northern Trust Investment Data Science – Equity Data Science</li>
<li>TradePulse</li>
<li>PitchBook</li>
</ul>
<h3 class="wp-block-heading">Best Day Trading Software:</h3>
<ul>
<li>Tickblaze</li>
<li>BigShort</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best ETF Launch:</h3>
<ul>
<li>iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)</li>
<li>Xtrackers U.S. National Critical Technologies ETF (CRTC) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRTC#NYSE">CRTC</a>)</li>
</ul>
<h3 class="wp-block-heading">Best Financial Literacy Tool:</h3>
<ul>
<li>Pocketnest</li>
<li>SuperMoney</li>
<li>Origin</li>
<li>Financial Finesse</li>
<li>Plynk</li>
<li>MoneyLion Digital Financial Ecosystem</li>
<li>PitchBook</li>
</ul>
<h3 class="wp-block-heading">Best Financial Planning Software:</h3>
<ul>
<li>Asset-Map</li>
<li>Pocketnest</li>
<li>Origin</li>
<li>BrightPlan</li>
</ul>
<h3 class="wp-block-heading">Best Financial Research Company:</h3>
<ul>
<li>Danelfin</li>
<li>Toggle AI</li>
<li>EPSMomentum</li>
<li>Brightwave</li>
</ul>
<h3 class="wp-block-heading">Best in Financial Education:</h3>
<ul>
<li>TradeStation</li>
<li>Wolfpack Financial Inc</li>
<li>Origin</li>
<li>Musaffa</li>
<li>SuperMoney</li>
<li>Charles Schwab</li>
<li>IBKR</li>
<li>Moomoo</li>
<li>OIC</li>
</ul>
<h3 class="wp-block-heading">Best Insurtech Company:</h3>
<ul>
<li>Infineo</li>
<li>Insurify</li>
<li>Mylo</li>
</ul>
<h3 class="wp-block-heading">Best Investment Research Tech:</h3>
<ul>
<li>Stocknear</li>
<li>Outprfrm</li>
<li>Trading Central</li>
<li>InsiderEdge by BBAE</li>
</ul>
<h3 class="wp-block-heading">Best Lending Solution:</h3>
<ul>
<li>Wolfpack Financial Inc</li>
<li>PayJoy</li>
<li>Pagaya Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>)</li>
<li>Consumer Lending &amp; P2P Fintech Pioneer: Prosper</li>
<li>Best Egg Flexible Rent</li>
</ul>
<h3 class="wp-block-heading">Best Matching Engine:</h3>
<ul>
<li>EP3 by Connamara Technologies</li>
<li>Devexperts' DXmatch</li>
</ul>
<h3 class="wp-block-heading">Best New Product:</h3>
<ul>
<li>Apex Ascend</li>
<li>WisdomTree Prime</li>
<li>SigFig</li>
<li>Origin</li>
<li>StockNanny</li>
<li>Daffy</li>
<li>11thEstate</li>
<li>SoFi Alternative Investments</li>
<li>Frec</li>
<li>RAFA.AI</li>
</ul>
<h3 class="wp-block-heading">Best Paper Trading Platform:</h3>
<ul>
<li>TradeZero Holding Corp.</li>
<li>AlgoBulls</li>
<li>Merlin Investor</li>
<li>Charles Schwab</li>
</ul>
<h3 class="wp-block-heading">Best Payments Solution:</h3>
<ul>
<li>Modern Treasury</li>
<li>DailyPay</li>
<li>Extend</li>
<li>Order.co</li>
<li>Ripple</li>
<li>Episode Six</li>
<li>Aeropay</li>
</ul>
<h3 class="wp-block-heading">Best Portfolio Tracker:</h3>
<ul>
<li>Ziggma</li>
<li>Delta Investment Tracker</li>
<li>Merlin Investor</li>
<li>TradeZella</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Prop Trading Platform:</h3>
<ul>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best RegTech:</h3>
<ul>
<li>Green Check</li>
<li>LeapXpert</li>
<li>Kore</li>
</ul>
<h3 class="wp-block-heading">Best Robo-Advisor:</h3>
<ul>
<li>Titan</li>
<li>Wealthfront</li>
<li>Surmount</li>
</ul>
<h3 class="wp-block-heading">Best Social Investing Platform:</h3>
<ul>
<li>Parrot Finance</li>
<li>Traderverse</li>
<li>NVSTly</li>
</ul>
<h3 class="wp-block-heading">Best Software for Longterm Cryptocurrency Investments:</h3>
<ul>
<li>Devexperts' DXtrade</li>
<li>Path Crypto</li>
<li>iTrustCapital</li>
</ul>
<h3 class="wp-block-heading">Best Software for Swing Trading:</h3>
<ul>
<li>InsiderFinance</li>
<li>WealthCharts</li>
<li>Autochartist Automatic Trade Identification</li>
</ul>
<h3 class="wp-block-heading">Best Software for Trading Cryptocurrency:</h3>
<ul>
<li>Devexperts' DXtrade</li>
</ul>
<h3 class="wp-block-heading">Best Trading Technology:</h3>
<ul>
<li>DriveWealth</li>
<li>Tickblaze</li>
<li>Trading.com</li>
<li>Kaiju</li>
<li>IBKR</li>
</ul>
<h3 class="wp-block-heading">Best Venture Capital Firm:</h3>
<ul>
<li>Tribe Capital</li>
<li>BankTech Ventures</li>
</ul>
<h3 class="wp-block-heading">Breaking Barriers:</h3>
<ul>
<li>Kaiju</li>
<li>Gotrade</li>
<li>Apex Trader Funding</li>
<li>GTN</li>
<li>Northern Trust Investment Data Science – Equity Data Science</li>
</ul>
<h3 class="wp-block-heading">Emerging InsurTech:</h3>
<ul>
<li>Aspida</li>
<li>TruStage Payment Guard</li>
</ul>
<h3 class="wp-block-heading">Institutional Innovation:</h3>
<ul>
<li>Tipigo Insights</li>
<li>Quinn</li>
</ul>
<h3 class="wp-block-heading">Most Impactful Fintech Executive:</h3>
<ul>
<li>Michael Blaugrund</li>
<li>Liza Landsman</li>
<li>Matthew Watson</li>
<li>Bill Capuzzi</li>
<li>Anthony Denier</li>
</ul>
<h3 class="wp-block-heading">Most Innovative ETF Company:</h3>
<ul>
<li>StockSnips AI-Powered ETFs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWZ#NASDAQ">NEWZ</a>)</li>
</ul>
<h3 class="wp-block-heading">Most Innovative in Capital Markets:</h3>
<ul>
<li>OpenYield</li>
<li>Wolfpack Financial Inc</li>
<li>LeapXpert</li>
<li>GTN</li>
<li>Northern Trust Integrated Trading Solutions (ITS)</li>
</ul>
With innovation driving unprecedented change in financial services,<a href="https://www.benzinga.com/fintech-awards"> Benzinga's Fintech Deal Day &amp; Awards</a> stands as a testament to the thriving fintech sector and the creative minds behind it. This year's gathering of industry leaders will undoubtedly showcase the powerful momentum and forward-thinking spirit that define fintech today.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/fintech/24/10/41435557/options-growth-among-retail-investors-absolutely-tremendous-cboe-global-president">Options Growth Among Retail Investors &#8216;Absolutely Tremendous&#8217;: Cboe Global President</a></li>
</ul>
Image: Benzinga

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