Finance Sector Continues to Shine with Positive Earnings Surprises Zacks.com 2 hrs ago
On a day when Netflix disappointed analysts and investors alike because of lower-than-expected subscriber adds (both actual and forecast for Q2) finance stocks continued to shine.
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And it wasn’t just the writing back of loan loss reserves either. Companies really did well overall, growing both top and bottom lines, on the back of increasing deposits, higher loan balances, better efficiency and growing net interest income (for the most part). The refinancing of term loans and elevated prepayments did impact a few players however.
Here are 4 stocks that caught my attention-
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Interactive Brokers Lifts All Trading Restrictions on Options
January 31, 2021 GMT
GREENWICH, Conn. (BUSINESS WIRE) Jan 30, 2021
Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, announced today that on Friday it lifted all trading restrictions on options in AMC, BB, EXPR, GME, KOSS and other options that experienced recent market volatility. The options, as well as the underlying stocks, are currently subject to increased margin requirements, which are subject to change depending on market conditions. The firm continues to monitor these volatile markets.
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Interactive Brokers Takes Action on Actively Traded Symbols
January 28, 2021 GMT
Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, today announced that as of midday yesterday, it has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation only due to the extraordinary volatility in the markets.
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In addition, long stock positions will require 100% margin and short stock positions will require 300% margin until further notice. We do not believe this situation will subside until the exchanges and regulators halt or put certain symbols into liquidation only. We will continue to monitor market conditions and may add or remove symbols as may be warranted.