Robinhood's profit surges as post-election trading frenzy lifts volumes-February 2024-www.financetom.com

Robinhood's profit surges as post-election trading frenzy lifts volumes

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Robinhood's profit surges as post-election trading frenzy lifts volumes

Feb 12, 2025 1:29 PM

Feb 12 (Reuters) - Trading platform Robinhood

reported a surge in fourth-quarter profit on Wednesday, fueled

by frenetic activity in equity and crypto markets following

Donald Trump's presidential election victory.

The Menlo Park, California-based company reported a profit

of $916 million, or $1.01 per share, in the three months ended

Dec. 31. That compares with $30 million, or 3 cents per share, a

year earlier.

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