Reported 1 day ago
Robinhood Markets, Inc. (NASDAQ:HOOD) has reported a significant increase in its assets, reaching $298 billion as of the end of July, representing a 7% rise from June and a remarkable 106% increase compared to last year. The company added 160,000 new customers in July, bringing its total to 26.7 million. Additionally, net deposits saw a 28% increase to $6.4 billion, contributing to better-than-expected second-quarter results with earnings of $0.42 per share and $989 million in revenue.
Source: YAHOO