Reported 3 days ago
Futu Holdings Limited (NASDAQ:FUTU) ended a four-day decline by rising 6.01% to close at $178.66 on Wednesday, following impressive second-quarter earnings. The company reported a net income surge to HK$2.57 billion, a doubling from the previous year, while revenues increased by 69% to HK$5.3 billion. This growth was driven by heightened brokerage and handling charges, as well as a rise in interest income. Chairman Leaf Hua Li also noted a positive retail sentiment in Hong Kong and successful strategies in the U.S. market, including crypto trading launches and sponsorship of the New York Mets.
Source: YAHOO