Reported 5 days ago
Robinhood's stock has surged following its strong fourth-quarter earnings report, but analysts suggest that in order to effectively compete with major financial firms like Charles Schwab, Robinhood will need to evolve into a banking entity. Whalen Global Advisors chairman Chris Whalen highlights the necessity for Robinhood to scale back on customer incentives and focus on efficiency, predicting that as Robinhood grows, the competitive landscape will intensify.
Source: YAHOO