Fintech stocks saw a major surge during the COVID-19 pandemic when touchless payments and digital money transfers were in demand. Since then, fintech stocks have struggled and the sector has been overlooked for hotter industries like AI or semiconductors. On top of that, fintech companies also see pretty stiff competition from legacy banks and payment brands.Fintech is a fairly broad term that encompasses a wide range of businesses. It can include things like payment processing, stock and crypto trading, on ...

Hybrid trading platform Robinhood Markets Inc (NASDAQ:HOOD) is now available to UK customers, offering commission-free trading on 6,000 US-listed stocks and ADRs. A favourite among retail investors with smaller pools of funds, Robinhood allows customers to open an account with as little as $1. Robinhood opened a waitlist in the UK last November after failing to launch the trading app on these shores back in 2020. Unlike the US offering, Robinhood UK users do not have access to cryptocurrency trading. “We’ve ...

Robinhood Markets, Inc. (HOOD) ended the recent trading session at $18.15, demonstrating a +0.55% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.65%. Elsewhere, the Dow lost 0.49%, while the tech-heavy Nasdaq lost 0.96%.Shares of the company witnessed a gain of 34.5% over the previous month, beating the performance of the Finance sector with its gain of 3.96% and the S&P 500's gain of 3.27%.The investment community will be closely monitoring the ...

It has been an exceptional 2024 for Robinhood (NASDAQ:HOOD), as HOOD stock is up by about 45% on the heels of a stock market rally and a cryptocurrency comeback. As of Feb. 29, the company’s assets under custody (AUC) totaled $118.7 billion, a 16% jump month-over-month (MOM). Equity trading volumes grew by 36% MOM to $80.9 billion while options volume rose by 12% to 119.1 million contracts. Finally, for the cherry on top, crypto trading volume increased by 10% to $6.5 billion.These figures support the notio ...

Robinhood Markets, Inc. (HOOD) shares soared 5.2% in the last trading session to close at $18.05. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 28.3% gain over the past four weeks.Shares of HOOD touched a 52-week high of $19.23 on a couple of upbeat developments. The company reported an impressive increase in trading volume across all asset categories in February. Also, last month, the company’s assets under custody grew 16% fr ...

ToplineRobinhood shares soared Thursday after the company reported a massive uptick in retail investor activity amid the stock market and cryptocurrency boom.A Robinhood popup in downtown Manhattan on the day of the company's 2021 IPO. Getty Images Key FactsRobinhood’s stock rallied as much as 12% to $19 shortly after market open after the mobile brokerage reported a 16% month-over-month increase in customers' assets held with the company. It’s Robinhood’s highest intraday share price since Dec. 23, 2021, ...

MENLO PARK, Calif., March 13, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ:HOOD) today reported selected monthly operating data for February 2024: Funded Customers at the end of February were 23.6 million, up approximately 130 thousand from January 2024.Assets Under Custody (AUC) at the end of February were $118.7 billion, up 16% from January 2024. Net Deposits were $3.6 billion in February, translating to a 42% annualized growth rate relative to January 2024 AUC. Over the last twe ...

Investors might want to bet on Robinhood Markets, Inc. (HOOD) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.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 es ...

Robinhood Markets, Inc. (HOOD) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by ...

Financial technology has taken the world by storm as one of the most important sectors of the economy. With the adoption of artificial intelligence (AI) and innovation in technology, the fintech sector is expanding at a rapid pace. A report by McKinsey highlights that the revenue in the fintech space is set to grow about three times faster than the revenue in traditional banks between 2023 and 2028. Fintech stocks are set to benefit from the transformation of the industry, and we could see the companies rep ...