financetom
Business
financetom
/
Business
/
Robinhood's profit surges as post-election trading frenzy lifts volumes
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Robinhood's profit surges as post-election trading frenzy lifts volumes
Feb 12, 2025 1:30 PM

(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.

(Reporting by Jaiveer Singh Shekhawat and Manya Saini in Bengaluru; Editing by Anil D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Park National Corp Insider Sold Shares Worth $2,160,060, According to a Recent SEC Filing
Park National Corp Insider Sold Shares Worth $2,160,060, According to a Recent SEC Filing
Jul 31, 2024
02:23 PM EDT, 07/31/2024 (MT Newswires) -- Mark R Ramser, Director, on July 29, 2024, sold 12,000 shares in Park National Corp ( PRK ) for $2,160,060. Following the Form 4 filing with the SEC, Ramser has control over a total of 63,709 shares of the company, with 4,936 shares held directly and 58,773 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/805676/000080567624000102/xslF345X03/wk-form4_1722449501.xml Price:...
Starbucks Faces Downside Earnings Risk Without Significant Sales Improvement, Oppenheimer Says
Starbucks Faces Downside Earnings Risk Without Significant Sales Improvement, Oppenheimer Says
Jul 31, 2024
02:34 PM EDT, 07/31/2024 (MT Newswires) -- Starbucks ( SBUX ) is still faced with downside risk to earnings after the coffee chain company maintained its full-year outlook, including EPS growth of flat to low-single-digits, Oppenheimer said Wednesday. Our updated analysis suggests risk remains to consensus EPS through 2025, Oppenheimer analysts Brian Bittner and Michael Tamas said. We continue to...
Market Chatter: JPMorgan Chase Appoints Sumit Mukherjee as Head of Equity Capital Markets Intelligence
Market Chatter: JPMorgan Chase Appoints Sumit Mukherjee as Head of Equity Capital Markets Intelligence
Jul 31, 2024
02:38 PM EDT, 07/31/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) appointed Bank of America's ( BAC ) equity capital markets veteran Sumit Mukherjee as head of its equity capital markets intelligence, Bloomberg reported Wednesday, citing people with knowledge of the matter. Mukherjee will join JPMorgan ( JPM ) in November and will report to Global Head of Capital...
Princeton Bancorp Insider Sold Shares Worth $262,220, According to a Recent SEC Filing
Princeton Bancorp Insider Sold Shares Worth $262,220, According to a Recent SEC Filing
Jul 31, 2024
02:33 PM EDT, 07/31/2024 (MT Newswires) -- Stephen Distler, Director, on July 30, 2024, sold 7,000 shares in Princeton Bancorp ( BPRN ) for $262,220. Following the Form 4 filing with the SEC, Distler has control over a total of 167,492 shares of the company, with 89,046 shares held directly and 78,446 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1913971/000095017024088442/xslF345X03/ownership.xml Price: 38.65, Change:...
Copyright 2023-2026 - www.financetom.com All Rights Reserved