Interactive Brokers (IBKR) shares fell 2.20% to $75.50 despite optimistic Q1 growth forecasts from Zacks Investment Research. While analysts expect strong financial performance, they have maintained a "Hold" rating due to current valuation concerns.
- Zacks projects a 21.3% surge in Q1 earnings per share alongside a 15.2% increase in total revenue.
- The decline follows recent industry presentations by Chairman Thomas Peterffy and CFO Paul Brody.
- Market sentiment was further impacted by revised employment data, which has shifted expectations for upcoming interest rate cuts.