From a cursory look at the statistics, financial services firm Robinhood (NASDAQ:HOOD) — known for its gamified trading app — seems an idea from which to exit quickly. Last Friday, HOOD dropped more than 6% in equity value. In the past month (under wildly choppy conditions), Robinhood stock suffered a near 10% loss. At the same time, the company posted some record-setting metrics for its most recent first-quarter 2024 earnings report. Further, retail investors are continuing to take control of their portfol ...

s LONDON — The boss of U.K. stock trading service Freetrade is stepping down and leaving the company with immediate effect, the company told CNBC exclusively Monday. Adam Dodds, who co-founded the company with business partners Davide Fioranell and Viktor Nebehaj in 2016, will be replaced by Nebehaj, currently Freetrade's chief operating officer, as CEO, pending customary regulatory approvals. Dodds remains the largest individual shareholder in Freetrade, owning a roughly 12% stake, according to company fil ...

If big, boring banks aren’t worried about the rise of Robinhood Markets (NASDAQ:HOOD), they ought to be. Robinhood stock is volatile, but holding shares makes sense if you believe the financial-trading landscape is changing. Instead of fearing change, you can choose to accept and even embrace it. There’s no turning back the clock and no undoing what Robinhood has done for the financial markets during the past decade. So, get on board or and get ready to make some money, or just get out of the way. Tradition ...

Robinhood's latest earnings report offered several positive takeaways. I have been very critical of Robinhood Markets (HOOD -6.18%) during the last couple of years, which wasn't necessarily controversial given that its stock suffered a peak-to-trough collapse of 91% from its all-time high. The online brokerage platform was consistently losing active users, and its transaction revenue seemed to be in perpetual decline as a result. However, Robinhood's fortunes have changed in 2024. A rising stock market has ...

This may have more of an impact on Robinhood's earnings than investors think. Robinhood Markets (HOOD -6.18%) stock has crushed it for the last year. The online brokerage that revolutionized free stock trading is up 100% in the last 12 months, compared to 27% returns for the S&P 500 index. The company just reported strong growth across the board in the first quarter of 2024 and is finally generating healthy amounts of profits. But there is something looming above Robinhood's business, and it could be an imp ...

Robinhood stock may not be worth $30, but $17? Yes, that's a reasonable price. Robinhood Markets (HOOD -6.18%) made Wall Street's best and brightest look painfully slow this week. Analysts predicted the popular online brokerage would earn only $0.05 per share in its first quarter of 2024, but Robinhood thumped that forecast, reporting an $0.18 per-share profit -- and record revenue of $618 million. Investors yawned. Robinhood stock actually fell Thursday on Wednesday's news and kept on falling through the c ...

Financial services companies offer many essential products and services that help people stay on top of their budgets, acquire assets and achieve long-term goals. The demand for these services won’t go away, and research from Fortune Business Insights suggests high growth is here to stay. According to the research, the global fintech market is expected to achieve a 16.5% compounded annual growth rate until 2032. Some companies in the industry will grow faster than others, and these variances present opportu ...

Key Points Robinhood achieved record revenues and profitability in Q1 2024, driven by growth in cryptocurrency, options, and equities trading. Strategic initiatives, including expanded Robinhood Gold features, fuel customer engagement and market reach. While regulatory scrutiny and market volatility pose challenges, Robinhood's innovative approach and commitment to democratizing finance position the company for continued growth. 5 stocks we like better than Robinhood Markets Robinhood Markets, Inc. NASDAQ: ...

Robinhood Markets Inc (NASDAQ: HOOD) has gained a whopping 70% over the past three months but a Mizuho analyst is convinced it could extend the rally further in the coming months. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Here’s why Robinhood stock is worth buying Copy link to section Dan Dolev reiterated his “buy” rating on $HOOD this morning after the financial services company reported quarterly earnings that were “as good as gold”. Robinhoo ...

Robinhood (NASDAQ:HOOD) stock is trending in the green this morning after the company posted much better-than-expected first-quarter results. The positivity is being largely driven by a resurgence of retail trading activity on Robinhood’s platform. In the wake of the results, several banks and analyst firms, including Japan’s Mizuho, raised their price targets on HOOD stock. Robinhood’s Q1 Results Amid the results, Robinhood reported that it was able to gain market share from competitors and also benefited ...