The revenue generated from commissions jumped 5 percent to $322 million. It was pushed by the higher customer options and futures trading volume with a lower stock volume.
Additionally, the net interest income of the broker increased 27 percent to $348 million. However, the income from the other sources dipped $175 million to a loss of $57 million. The disappearance of several non-recurrence gains pushed this segment to losses.
The currency diversification strategy of the broker in Q2 decreased its comprehensive earnings by $158 million, which was reported in other incomes.
The broker ended the quarter between April and June with a pre-tax income of $392 million, which is down from $541 million generated a year earlier. However, the adjusted number strengthened to $453 million from $437 million.
The pre-tax profit margin for the reported figures dropped to 60 percent from 70 percent in a year, whereas the adjusted figure witnessed a drop to 63 percent from 67 percent.
Client Metrics
Despite the declined reported net revenue and profits, the American broker witnessed a string quarter when it comes to some customer metrics. The number of customer accounts on the platform increased by 36 percent year-over-year to reach 1.92 million by the end of the quarter.
Moreover, customer credits jumped 13 percent to $92.5 billion.
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