Brokerage

Robinhood Markets inc. (NASDAQ:HOOD) released its first-quarter results after Wednesday's closing bell. Here's a look at the details from the quarter.  The Details: Robinhood reported quarterly earnings of 37 cents per share, which beat the analyst consensus estimate of 32 cents. Quarterly revenue...

Robinhood Markets, Inc. (NASDAQ: HOOD) said its net cumulative funded accounts at the end of November were 23.3 million, up approximately 20 thousand from October. Over the last 12 months, net deposits were $16.4 billion, translating to an annual growth rate of 23%, the company said...

Robinhood Markets (NASDAQ: HOOD) is now exploring old techniques to promote trading on its platform. What Happened: The trading platform will receive a bonus when they transfer assets from another account to Robinhood by Dec. 8, 2023. The company, which recently expanded its crypto trading services...

St. Galler Kantonalbank (SGKB), Switzerland’s fifth-largest cantonal bank, in partnership with SEBA Bank, launched digital asset custody and brokerage services for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) for its clients. The contract was signed in early 2023 post a short...

With a passion for trading stocks from as young as 11, Brian Barnes went on to have a prolific career at an equity hedge fund and management consulting firm. In a quest to carve his own path, he launched an online automated brokerage company -- M1 Finance. The firm offers a modern approach to...

Stock and crypto trading platform company Robinhood Markets Inc (NASDAQ: HOOD) reported second-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Robinhood reported second-quarter revenue of $486 million, which was up 53% year-over-year and up 10...

Fast-growth companies should depend on much more than luck.  In this tight-capacity market, brokerages are under simultaneous pressure to grow their business and manage existing business more efficiently.  Rather than leaving growth up to chance, companies must develop a solid strategic plan,...

On today's episode, Dooner and Hill are talking about the attitude and behaviors that define your team. From the top-sellers to the toxic basement dwellers and all points in-between: this week they tackle sales culture.  The guys welcome Nathan Frazier, CTB of Tranco National to get his views on...

The new competitive landscape of U.S. freight brokerage has been years in the making, but now it's one of Wall Street's favorite themes. Bank of America Merrill Lynch transportation analyst Ken Hoexter published a client note on Tuesday titled "Primer: Broker Wars, Part I: Tech disruption &...

Kriska Transportation Group (KTG) has purchased Champion Express, expanding the Canadian company's freight brokerage business. The acquisition, announced on April 30, adds to Ontario-based Kriska's portfolio of seven transportation and logistics companies in Canada and the United States,...

Within the vastness of investing in the U.S. stock market, DriveWealth is utilized by thousands of clients in more than 150 countries. The licensed self-clearing broker offers digital brokerage solutions in its own platform. The Company Founded in 2012, DriveWealth provides a select variety of...

The Benzinga Fintech Summit is a gathering of the top leaders in brokerage, payments and cryptocurrencies in San Francisco Nov. 14. Ahead of the Summit, Benzinga is profiling fintech thought leaders who are speaking at the event. For this installment, Benzinga interviewed a key speaker on our...

Robinhood, the startup brokerage, made two huge announcements Wednesday: It passed the six million customer mark, more than half the number of active accounts at mainstay retail brokerage TD Ameritrade (NASDAQ: AMTD). It had developed an internal technology for clearing and settling trades on its...

Startup brokerage Robinhood announced Wednesday it has developed a proprietary trade clearing system called “Clearing by Robinhood” that will let the company clear and settle all transactions on its trading platform. The company also announced it has recorded six million open accounts....

Robinhood, the fintech brokerage that offers commission-free trading through a mobile app, announced Wednesday it's launching a web platform. “Our mission is to make financial services more accessible to more people,” said Robinhood co-founder and CEO Baiju Bhatt in an interview...