In a settlement with the California Department of Justice over crypto withdrawals, Robinhood Markets, Inc.'s (HOOD) cryptocurrency platform will pay $3.9 million. Per the claims, HOOD prevented its customers from withdrawing cryptocurrency from their accounts between 2018 and 2022. Per California's attorney general Rob Bonta, Robinhood violated California law as it failed to deliver cryptocurrencies that its customers bought, because of which, customers were unable to withdraw their assets, forcing them to ...

In this photo illustration, the Robinhood Markets Inc. website is shown on a computer on June 06, 2024 in Chicago, Illinois. Online brokerage platform Robinhood on Wednesday launched a share lending program in the U.K. that would allow consumers there to earn passive income on stocks they own, in the company's latest bid to grow market share abroad. The stock trading app, which launched in the U.K. last November after two previous attempts to enter the market, said that its new feature would enable retail i ...

MENLO PARK, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) today announced that it will be participating in the upcoming Goldman Sachs Communacopia + Technology Conference on Tuesday, September 10, 2024. Robinhood Chief Executive Officer and Co-Founder Vlad Tenev is scheduled to present on Tuesday, September 10, 2024, at 3:05 PM PT / 6:05 PM ET. Interested parties may access a live audio webcast of the presentation by visiting investors.robinhood.com. Followi ...

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 ...

Cryptocurrencies have suffered lately owing to the broader market selloff earlier this month, triggered by fears of a recession. However, fears have alleviated over the past two weeks, following the release of a spate of positive economic data that showed the U.S. economy is still holding strong. On Aug 21, Bitcoin (BTC) rebounded from its earlier lows and was trading above $60,770 after the release of the minutes of the Federal Reserve's Federal Open Market Committee (FOMC) meeting that hinted at the first ...

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 ...

升级 营收及利润进一步增长，新产品助力用户 Robinhood 2Q2024 财报点评 核心观点 ⚫ 2Q2024 公司单季营收与盈利进一步增长，利息净收入持续增长。1）2Q2024 公司 实现营收 6.82 亿美元，+40.33%YoY，+10.36%QoQ；实现 GAAP 净利润 1.88 亿 美元，+652.00%YoY，+19.75%QoQ，在 2Q2023 利润由负转正的基础上进一步快 速增长，主要得益于优秀的成本管控。2）2Q2024 公司分别实现交易收入/利息净收 入/其他收入分别为 3.27/2.85/0.70 亿美元，+69.43%/+21.79%/+18.64%YoY，- 0.61%/+12.20%/+100.00%QoQ。 ⚫ MAU 有所反弹，户均资产及 DARTs 提升明显。1）截至 2Q24 公司有资产账户数 为 2420 万，+30 万 QoQ/+100 万 YoY；MAU 为 1180 万，+9.26%QoQ/- 13.87%YoY。2）截至 2Q24，客户总资产及户均资产分别为 1397 亿美元/5773 美 元，+7.79%/+6.46%QoQ，+57.32%/+50.82 ...