News Formal

Robinhood posts smaller loss as higher rates boost margin trading business

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Robinhood Inc posted a smaller-than-expected quarterly loss on Wednesday as the brokerage's margin trading business benefited from rising interest rates, while increased volatility in the markets helped its equity and options segments.

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kellyposted a smaller-than-expected quarterly loss on Wednesday as the brokerage's margin trading business benefited from rising interest rates, while increased volatility in the markets helped its equity and options segments.

Robinhood Gold is the company's subscription service, which gives investors access to premium features. Trading in options rose 10%, while that in equities was up 7% sequentially as investors repositioned their portfolios to take advantage of rising interest rates. Stripping off one-time items, Robinhood reported a loss of 20 cents a share, narrower than 31 cents estimated by analysts, according to data from Refinitiv IBES.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 2. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Roku stock plunges as earnings forecast disappointsRoku Inc. shares were plummeting 19% in after-hours trading Wednesday after the streaming company topped expectations with its latest results but gave a...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

This insulin-pump company's stock is plunging, and executives say it's because diabetics in U.S. can't afford the technologyTandem Diabetes Care has lost two-thirds of its market value this year, and executives have partially blamed the inability of many Americans to afford its potentially life-saving technology.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »