Brown, Russo Pick Cboe, IBKR and Goldman as Top Capital Markets Stocks in a Sector Down 5%
Updated
Updated · CNBC · May 11
Brown, Russo Pick Cboe, IBKR and Goldman as Top Capital Markets Stocks in a Sector Down 5%
3 articles · Updated · CNBC · May 11
Summary
Cboe, Interactive Brokers and Goldman Sachs were singled out as standout capital-markets names even as the S&P financials sector has fallen 5% year to date.
Cboe and Interactive Brokers are benefiting most directly from heavy trading activity: Cboe posted Q1 revenue up 29% and EPS up 48%, while IBKR grew commission revenue 19% to $613 million with accounts up 31% to 4.75 million.
Goldman offers a broader capital-markets bet, with 74% of revenue coming from Global Banking & Markets and $3.65 trillion in asset and wealth management assets supporting fee income.
The analysts framed Goldman as the weakest chart of the three despite a 71% one-year gain, citing resistance around $950-$960, while Cboe and IBKR were described as cleaner momentum trades tied to market volatility and a possible late-2026 IPO rebound.