Robinhood: Even When The Market Is Down, This Brokerage Champion Can Win
HOODRobinhood(HOOD) Seeking Alpha·2024-08-18 21:17
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 growth, ...