financetom
Market
financetom
/
Market
/
Robinhood Markets Assets in Custody Rose in February; Shares Rise
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Robinhood Markets Assets in Custody Rose in February; Shares Rise
Mar 13, 2024 2:15 PM

04:49 PM EDT, 03/13/2024 (MT Newswires) -- Robinhood Markets ( HOOD ) said Wednesday that assets in custody were $118.7 billion in February, gaining 16% from January and increasing 59% from a year earlier.

Funded customers were 23.6 million at the end of February, compared with 23.5 million a month earlier and 23.1 million a year earlier, the company said.

Trading volumes in February rose in equities, options and crypto from January and a year earlier, the company said.

Robinhood shares jumped 9% in after-hours trading.

Price: 18.70, Change: +1.54, Percent Change: +8.97

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 >
Indoco Remedies receives EU GMP certification for its Himachal Pradesh manufacturing facility
Indoco Remedies receives EU GMP certification for its Himachal Pradesh manufacturing facility
Jun 9, 2023
The inspection was conducted by the German Health Authority at the company’s manufacturing unit from May 22-25, 2023.
Market at close | IT shares drag headline indices lower, Nifty 50 below 18,600
Market at close | IT shares drag headline indices lower, Nifty 50 below 18,600
Jun 9, 2023
Hero MotoCorp, Divis Laboratories, Tata Steel, HDFC Life, and Eicher Motors were the top losers on the Nifty 50  while IndusInd Bank, Axis Bank, L&T, Adani Enterprises, and Power Grid Corporation were the top gainers. In terms of sectors, Nifty capital goods climbed 1 percent. However, FMCG, PSU Bank, Information Technology, metal, and oil and gas sectors saw a decline of 0.5-1 percent.
Stock Market Highlights: Sensex, Nifty 50 end lower dragged by IT shares, up for third straight week
Stock Market Highlights: Sensex, Nifty 50 end lower dragged by IT shares, up for third straight week
Jun 8, 2023
Share Market Highlights: BSE Sensex and NSE Nifty 50 ended a volatile session lower on Friday, ending in the red for second session in a row. Losses in IT and FMCG stocks dragged the headline indices lower. Indices, however, have ended higher for the week. The indices, however, recorded minor gains for the week, up for third straight week.
Midcap private banks poised to outperform PSU banks, says Morgan Stanley
Midcap private banks poised to outperform PSU banks, says Morgan Stanley
Jun 9, 2023
Morgan Stanley believes that private banks, particularly midcap private banks, are well-positioned to outperform PSU bank stocks. Their top bets, including ICICI Bank and Axis Bank, have shown promise, and the firm has increased the target prices for Indusind Bank, RBL Bank, and AU Small Finance Bank. 
Copyright 2023-2026 - www.financetom.com All Rights Reserved