Wells Fargo Starts Interactive Brokers Group (IBKR) at Outperform; Unique And Defensible Business Model

Wells Fargo initiates coverage on Interactive Brokers Group (NASDAQ: IBKR) with an Outperform. PT range $19-21.

Wells analyst says, "IBKR is a leader in active trader e-brokerage and options market making and we view its e-brokerage business as one of the better growth stories in financial services. Importantly, IBKR’s growth is supported by a number of long-term secular drivers which we think help to offset near-term industry-wide cyclical headwinds. We are establishing 2012-13 EPS estimates of $1.35 and $1.55."

For an analyst ratings summary and ratings history on Interactive Brokers Group click here. For more ratings news on Interactive Brokers Group click here.

Shares of Interactive Brokers Group closed at $15.90 yesterday, with a 52 week range of $13.00-$17.72.

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