Thursday, February 6

Tag: HOOD

How the Fintech Rally Could Fizzle in 2024
18Dec By adminNo Comments
Money

How the Fintech Rally Could Fizzle in 2024

Financial-technology companies have rallied in 2023 even as rates rose. Some could now face risks from falling rates, as well as stepped-up competition.Higher rates did hit “fintech” stocks in many ways. Not only do growth stocks in general often trade at lower multiples during periods of rising rates, but fintechs in particular had benefited from near-zero rates for funding loans and encouraging risk-taking by trading customers.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Robinhood Woos Wealthier Clients From Bigger Brokerages
16Dec By adminNo Comments
Money

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Robinhood Woos Wealthier Clients From Bigger Brokerages
16Dec By adminNo Comments
World

Robinhood Woos Wealthier Clients From Bigger Brokerages

Robinhood Markets, known for a clientele of first-time investors, is attracting customers with fatter wallets from other brokerages.Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began offering a 1% match on transferred brokerage accounts, the company said. In the second and third quarters of this year, customers transferred about $350 million and $375 million, respectively, to Robinhood from other brokerages, according to company filings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why Robinhood Wants British Customers
30Nov By adminNo Comments
Money

Why Robinhood Wants British Customers

Robinhood became synonymous with a new generation of do-it-yourself investors in America. Now it wants to do the same abroad.The digital brokerage on Thursday is opening a wait list for U.K. residents and will grant them early access to its trading app over the next several weeks, with full availability scheduled for early 2024. Robinhood joins other digital brokerages, including Webull and Public, that launched in the U.K. this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why Robinhood Wants British Customers
30Nov By adminNo Comments
World

Why Robinhood Wants British Customers

Robinhood became synonymous with a new generation of do-it-yourself investors in America. Now it wants to do the same abroad.The digital brokerage on Thursday is opening a wait list for U.K. residents and will grant them early access to its trading app over the next several weeks, with full availability scheduled for early 2024. Robinhood joins other digital brokerages, including Webull and Public, that launched in the U.K. this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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S&P 500, Nasdaq Extend Win Streaks
9Nov By adminNo Comments
Money

S&P 500, Nasdaq Extend Win Streaks

Major stock indexes ended mostly higher Wednesday, building on a long run of gains. The S&P 500 added 0.1%, notching an eighth-straight session in the green. The Nasdaq Composite also added 0.1%, now higher on nine consecutive days, its longest winning streak in two years. The Dow Jones Industrial Average slipped 0.1%, or 40 points.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Robinhood No Longer Looks Like a Steal
8Nov By adminNo Comments
Money

Robinhood No Longer Looks Like a Steal

Robinhood Markets may be building the brokerage of the future—and maybe it always will be.Shares of the online brokerage are down nearly 15% after its third-quarter earnings report on Tuesday. One big factor: The revenue momentum from higher interest rates is petering out. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Robinhood Wants to Grow Up
16Sep By adminNo Comments
World

Robinhood Wants to Grow Up

Updated Sept. 16, 2023 12:13 am ETListen to article(2 minutes)Stuck at home during the pandemic, amateur investors banded together on Reddit forums, sparking eye-popping rallies in meme stocks like GameStop and AMC Entertainment. The founders of the popular trading app Robinhood, Vlad Tenev and Baiju Bhatt, made it rain confetti on customers’ screens after their first trade, and lived the life of frat-bro entrepreneurs.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Robinhood Wants to Grow Up
16Sep By adminNo Comments
Money

Robinhood Wants to Grow Up

Updated Sept. 16, 2023 12:13 am ETListen to article(2 minutes)Stuck at home during the pandemic, amateur investors banded together on Reddit forums, sparking eye-popping rallies in meme stocks like GameStop and AMC Entertainment. The founders of the popular trading app Robinhood, Vlad Tenev and Baiju Bhatt, made it rain confetti on customers’ screens after their first trade, and lived the life of frat-bro entrepreneurs.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More