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IBKR, LPLA and HOOD

Writer: Abacus Research
Abacus Research
Apr 11, 2025
1 min read

Our opinion is that when the markets rebound, these are businesses you want to own. They are high quality, capital light, share gainers with solid growth prospects.


  • There is a cyclical call, numbers are obviously going down near-term as AUM falls and decremental margins are ~100%.

  • We see 20-25% downside in all three, but want to be owners over the long-term.


 
 
 

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