Is Futu’s bull run nearing an end?
The brokerage’s stock has more than doubled since the start of the year, as it records strong revenue and profit growth fueled by heavy trading volumes Key Takeaways: Futu reported…
Futu squeezes growth from product, geographic diversity
The online broker’s core fee-based revenue grew 5.3% in the third quarter, as many of its customers took shelter in U.S. treasuries amid stock market turbulence Key Takeaways: Futu’s fee-based…
Futu charges ahead in Singapore in stepped-up global expansion
The online broker’s client assets under management in the city state posted a fourth consecutive quarter of sequential double-digit gains in the three months to June Key Takeaways: Futu’s total…
Futu profits charge ahead on soaring interest income, cost savings
The online brokerage that is increasingly boosting its global footprint reported its fourth-quarter profit rose 92%, fueled by similar growth in interest income Key Takeaways: Futu’s revenue grew 42% in…
UP Fintech, Futu Under Pressure to Go Global as Regulatory Bomb Blows Up in China
Overseas expansion is becoming critical for the pair of online brokers after China’s securities regulator said their cross-border trading services for mainland investors were illegalKey Takeaways:China’s securities regulator said UP…
China, U.S. Stock Regulators Hope New Agreement Will Succeed Where Others Haven’t
New information-sharing deal will give U.S. accounting regulator access to audit records for New York-listed Chinese firms. But will it really get what it wants? Key Takeaways: Having reached a…
Online Brokers UP Fintech, Futu Stumble on Weak Stock Markets
China’s leading pair of internet-based stock brokers report first-quarter revenue declines, as UP Fintech reports second consecutive quarterly loss Key Takeaways: UP Fintech and Futu reported sharp first-quarter revenue declines…
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