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Retail brokerage Robinhood notched a stronger-than-expected performance in the second quarter as crypto trading revenue fell sequentially.
Robinhood Markets reported a significant rise in its second-quarter profits, largely driven by increased trading volumes in options, crypto, and equities. The brokerage earned $386 million, compared ...
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones.
A Price to Earnings ratio of 37.62 significantly below the industry average by 0.78x suggests undervaluation. This can make ...
A new meme-stock frenzy has begun. Today’s mania goes beyond meme stocks. Research by analysts at Goldman Sachs, a bank, suggests that speculative trading (in penny stocks, unprofitable firms and ...
Retail investors bought the recent stock market dip at record rates in response to volatility, likely helping boost Robinhood ...
Robinhood Markets Inc (NASDAQ:HOOD) shares rose 2.8% in after-hours trading Wednesday following second-quarter results that sharply beat Wall Street expectations on both profit and revenue. The strong ...
A jump in investor trading of stocks and cryptocurrencies put additional wind in Robinhood’s sails in the second quarter.
Robinhood was excluded from the S&P 500 last month, a move that surprised some investors as rival fintech Block was added.
Robinhood shares moved modestly in after-hours trading after the company handily beat earnings and revenue expectations.
Live Updates Live Coverage Updates appear automatically as they are published. What Wall Street is Saying Before Robinhood's ...