Robinhood's growth is taking a pause based on recent numbers. Robinhood (HOOD 0.20%) released August operating data, which is the regular news update investors get about the company's operations. While there's some good news, Travis Hoium digs into where there's some weakness in the video below. *Stock prices used were end-of-day prices of Sept. 10, 2024. The video was published on Sept. 10, 2024. ...

MENLO PARK, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) today reported select monthly operating data for August 2024: Funded Customers at the end of August were 24.3 million (up approximately 60 thousand from July 2024, up over one million year-over-year). Assets Under Custody (AUC) at the end of August were $143.6 billion (down 1% from July 2024, up 60% year-over-year). Net Deposits were $3.3 billion in August, translating to a 27% annualized growth rate ...

Group 1: Robinhood Markets, Inc. - Robinhood's cryptocurrency platform will pay $3.9 million in a settlement with the California Department of Justice over issues related to crypto withdrawals [1] - The California Attorney General stated that Robinhood violated state law by failing to deliver purchased cryptocurrencies, preventing customers from withdrawing their assets [2] - As part of the settlement, Robinhood is required to allow customers to withdraw crypto assets to their own wallets and to honor its trading and order handling practices [3] - Over the past six months, Robinhood shares have increased by 16.5%, outperforming the industry growth of 10.3% [3] Group 2: Financial Misconduct in the Industry - The Commodity Futures Trading Commission (CFTC) ordered The Bank of New York Mellon Corporation to pay a civil penalty of $5 million for failing to report millions of swap transactions [5] - BNY Mellon also failed to supervise its swap dealer business as required by regulations, and agreed to retain an independent compliance consultant [6] - The CFTC has requested non-disclosure agreements from banks like JPMorgan and Citigroup regarding their swaps and clearing businesses [7]

Robinhood Markets, Inc. (HOOD) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate re ...

Robinhood Markets, Inc. (HOOD) has had an impressive run, with the stock skyrocketing 85.2% in a year. This impressive run on the bourses has significantly outpaced the 27.9% rise of the industry it belongs to and the 23.7% growth of the Zacks S&P 500 composite. Moreover, the stock is trading well above its close peer, Charles Schwab (SCHW) , in the same time frame. 12-Month Price Performance Image Source: Zacks Investment Research Given the continuous strength of Robinhood shares, many investors might be t ...

The bulls are in control as they look ahead to interest rate cuts and impressive technology-driven earnings growth. Wall Street blocks out nearly everything else since interest rates and earnings are the two largest factors that drive stock prices over the long haul. Jay Powell and the Fed committed to start cutting interest rates next month with the S&P 500 trading just below its all-time highs. There could be more selling and volatility in the near term with Wall Street possibly ready to take profits befo ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 22: Nova Ltd. (NVMI) : This semiconductor process control company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% over the last 60 days. Nova's shares gained 9.2% over the last three months compared with the S&P 500's advanced of 6.7%. The company possesses a Momentum Score of A. Robinhood Markets, Inc. (HOOD) : This financial services p ...

Cindy Ord/Getty Images Entertainment Before Q1 earnings, I wrote an article expressing my belief that Robinhood was a Strong Buy. After the recent market-related drop, brilliant Q2 earnings and July monthly metrics, I re-iterate my STRONG BUY rating. The recent drop On May 4, I posted my bullish thesis on Robinhood (NASDAQ:HOOD). At the time, Robinhood was trading around $17. The stock reached $24.88 and then dropped a whopping 43% following the overall market correction. Since then, Robinhood has recovered ...

H P I F TIP Alistair Berg We've had our first taste of market volatility in what seems like over a year, but Robinhood (NASDAQ:HOOD) is standing firm. The digital-first brokerage has continued to be a beacon for new fund deposits as stock market participation climbs. Robinhood continues to benefit from a plethora of tailwinds, including high interest rates that are feeding net interest income and renewed trading volumes. The company recently reported very strong Q2 results that demonstrated >40% y/y revenue ...

Key Takeaways Shares of Robinhood Markets climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the stock. Robinhood late Wednesday said it had 24.2 million funded customers at the end of July, up about 70,000 from June. Deutsche Bank raised its rating on the stock to "buy" from "hold," lifting its price target from $21 to $24. Shares of Robinhood Markets (HOOD) climbed Thursday after the e-brokerage posted strong user data and Deutsche Bank analysts upgraded the ...