Yintou Securities (IBKR.US) reported mixed Q2 results, with interest income up 26% YoY.

After the close of trading on the Nasdaq on July 16, Interactive Brokers (IBKR.US) released its Q2 2024 earnings report. The report showed that Interactive Brokers' Q2 net revenue was $1.23 billion, up 23% YoY, below the market's expectations; net income attributable to common shareholders was $179 million, up from $125 million in the same period last year; adjusted earnings per share was $1.76, better than the market's expectations, and $1.32 in the same period last year.

By business, due to the increase in client trading volume, commission revenue increased 26% YoY to $406 million. Trading volumes of options, stocks and futures increased by 35%, 26% and 10% respectively.

Due to the increase in base interest rates, client margin loans and client credit balances, net interest income increased 14% YoY to $792 million.

Client accounts increased 28% YoY to 2.92 million.

Total daily average revenue trades (DART) increased 28% YoY to 2.39 million.

Interactive Brokers' board of directors declared a quarterly cash dividend of $0.25 per share.

As of the time of writing, Interactive Brokers was trading down 0.45% at $123.10. Year-to-date, the stock has gained nearly 50%.