Interactive Brokers Is Quietly Winning While Interest Rates Stay High
Interactive Brokers' stock is up nearly 33% year to date.
Overview
It has been a difficult year for financial stocks, as everything from fintechs to banks to asset managers has been hurt by market volatility, economic headwinds, and uncertainty.
While many financial stocks have been waiting for interest rates to come down to spur more investment and economic activity, there is one financial stock that is completely fine if rates stay right where they are -- Interactive Brokers (NASDAQ: IBKR).
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.