Interactive brokers group reports q1 eps of $0.60

Interactive brokers group announces 1q2020 results.q1 earnings per share $0.60.q1 earnings per share estimate $0.64 -- refinitiv ibes data.q1 revenue $532 million versus refinitiv ibes estimate of $563.4 million.interactive brokers - effect of covid-19 was higher commission revenue due to increased trading activity, higher rate of customer accounts opened in quarter.effects of covid-19 pandemic was somewhat higher than typical customer bad debt expense in quarter.interactive brokers - provided information to finra, sec, cftc concerning historical anti-money laundering, bank secrecy act practices and procedures.agencies have indicated that they believe that historical practices and procedures were inadequate..in discussions with agencies to settle matters arising from their reviews.interactive brokers - while no agreements have been finalized, co believes that settlements will entail monetary payments.has established a reserve that it deems adequate for such settlements..also cooperating with a department of justice inquiry.do not doj inquiry is likely to have a materially adverse effect on financial results..
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