Interactive Brokers Group, Inc. (IBKR) Presents at Bank of America Financial Services Conference 2026 Transcript

SA Transcripts158.27K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Interactive Brokers Group, Inc. (IBKR) Bank of America Financial Services Conference 2026 February 10, 2026 1:50 PM EST Company Participants Thomas Peterffy - Founder & Chairman Conference Call Participants Craig Siegenthaler - BofA Securities, Research Division Presentation Craig SiegenthalerBofA Securities, Research Division Thank you all for joining Bank of America's 34th Annual Financial Services Conference. This is Craig Siegenthaler, North American Head of Diversified Financials at Bank of America, and it's my pleasure to introduce Thomas Peterffy. Thomas is the Founder and Chairman of Interactive Brokers. He founded the firm 49 years ago and is the pioneer of electronic trading. Interactive Brokers is a digital investing platform that services its clients globally across multiple segments, targeting not just individuals, but RIAs, hedge funds, prop traders and introducing brokers, and it extends this to most international markets. In our view, Interactive Brokers' competitive advantage is its technology R&D effort, which allows them to offer multiple products in multiple markets, launch new capabilities quicker and also underprice its competition. Thomas, we're thankful that you're joining us again this year. Thomas PeterffyFounder & Chairman It's a great pleasure. Question-and-Answer Session Craig SiegenthalerBofA Securities, Research Division So let's start on the macro front. It's been a fairly Goldilocks setup. You've had a bull market, you've had relatively high rates, strong account growth, elevated client engagement. I wanted your thoughts on the macro backdrop today. Thomas PeterffyFounder & Chairman On the economy? Craig SiegenthalerBofA Securities, Research Division Yes. Thomas PeterffyFounder & Chairman Yes. Well, it's a -- there are 2 economies in this country. If you listen to the BLS, the economy is doing great. If you listen to the big firms that are making huge capital investments, the economy is doing great. If you listen to the newspapers and the television, the economy is doing extremely poorly. So I