|Bid||48.33 x 1200|
|Ask||48.54 x 2900|
|Day's Range||48.31 - 48.71|
|52 Week Range||33.70 - 58.50|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||30.11|
|Earnings Date||Oct 13, 2020 - Oct 19, 2020|
|Forward Dividend & Yield||0.40 (0.83%)|
|Ex-Dividend Date||Aug 31, 2020|
|1y Target Est||50.67|
Given the continued uncertainty relating to the pandemic along with other macroeconomic concerns, investment brokerage firms are expected to continue to benefit from heightened market volatility.
There wasn't any specific single piece of news that brought the market down. It appears that a combination of a post-August hangover, anxiety about the upcoming election, end-of-quarter rebalancing, and a lack of a new stimulus bill are all playing roles in the current market downturn. In addition, a smaller story regarding online broker Interactive Brokers (NASDAQ: IBKR) may have contributed to yesterday's decline, and could portend scarier things leading up to the election.
Interactive Brokers tells clients that the firm believes it’s appropriate to start controlling leverage in a measured fashion in advance of the November 2002 election.