Futu Holdings Limited Stock Price, News & Analysis

Futu Holdings (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, has announced it will report its financial results for the fourth quarter and full year ended December 31, 2024, before U.S. markets open on March 13, 2025.

The company's management will host an earnings conference call on Thursday, March 13, 2025, at 7:30 AM U.S. Eastern Time (7:30 PM Beijing/Hong Kong Time). All participants must pre-register for the call using the provided registration link, which will lead to the "Futu Holdings Fourth Quarter and Full Year 2024 Earnings Conference Call" registration page.

Upon registration, participants will receive confirmation emails containing dial-in numbers and personal PINs to access the conference call. A live and archived webcast of the call will also be available on the company's investor relations website.

The BlackRock Foundation and nonprofit Commonwealth have launched 'The Investor Diaries,' a research initiative backed by a $1 million grant to study new retail investors who entered capital markets since 2020, focusing on those earning low to moderate incomes ($30,000 to $80,000).

The project will track investors through voice diary entries, a national survey, and analysis of transaction data. During 2020-21, 46 million new brokerage accounts were opened in the U.S., an 80% increase over two years, with over 75% of these investors remaining active today.

The study partners with investment platforms Betterment and moomoo, following dozens of individual investors over 18 months through interviews and transaction tracking. The research aims to provide insights for the investing industry, financial platforms, and policymakers to better support new investors from low to moderate-income households.

Moomoo announces the launch of an Options Paper Trading Challenge in the U.S., running from January 13 to February 7, 2025. The challenge, co-branded with Nasdaq, offers participants $200,000 in virtual money to trade stock options, ETFs stock options, and index options listed on U.S. exchanges.

Participants will compete for $15,000 in total Cash Rewards, with additional prizes including MacBook Pro, iPhone 16 Pro, and Apple Watch Series 10 for top performers. Weekly rewards of $300, $200, and $100 will be awarded to the top three participants, while those achieving 5% or higher returns will share $6,600 in Cash Rewards.

The challenge features realistic trading conditions with simulated orders matching real market trades, including margin trading and short selling options. Moomoo will host a webinar with Nasdaq on January 16, 2025, focusing on options paper trading education.

Futu Holdings (Nasdaq: FUTU) reported strong Q3 2024 results with total revenues of US$442.3 million, up 29.6% YoY, and non-GAAP adjusted net income of US$180 million, increasing 20.8% YoY. Global users reached 24.1 million, with paying clients approaching 2.2 million, up 33.1% YoY. Total client assets grew to US$89.2 billion, rising 48.1% YoY. Trading volume increased to US$245 billion, up 74.7% YoY. The company saw significant growth in newly penetrated markets, with Japan, Canada, and Malaysia recording double-digit increases in account openings and client assets. The wealth management business achieved record growth with assets under management reaching US$12.5 billion.

Futu Holdings reported strong Q3 2024 financial results with total revenues increasing 29.6% year-over-year to HK$3,436.1 million. The company saw significant growth in key metrics: paying clients up 33.1% to 2.19 million, total client assets up 48.1% to HK$693.4 billion, and trading volume up 74.7% to HK$1.90 trillion. Net income rose 20.9% to HK$1,319.2 million. The board approved a special cash dividend of US$0.25 per ordinary share. Malaysia was the top contributor of new paying clients, while Hong Kong and Singapore together contributed over one-third of new clients.

Moomoo announced a three-day virtual event featuring partnerships with Cboe Global Markets, Wellington Management, BNY, and Franklin Templeton to help investors manage market volatility. The event will include nine webinars from November 14-16, 2024, covering topics such as 2025 investment ideas, portfolio building, and options strategies.

The initiative aims to enhance retail investors' understanding of volatility management and technology tools for risk management. The event will also share findings from a Q3 investor survey on options trading interest. Sessions will stream live on the moomoo app, starting at 8:30 am EST on November 14th through 12:20 pm EST on November 16th, with opportunities for attendees to earn Cash Rewards and moomoo points.

Futu Holdings (Nasdaq: FUTU), a tech-driven online brokerage and wealth management platform, announced it will release its third quarter 2024 financial results on November 19, 2024, before U.S. markets open. The company will host an earnings conference call on the same day at 7:30 AM U.S. Eastern Time (8:30 PM Beijing/Hong Kong Time). Participants must pre-register for the conference call, and both a live and archived webcast will be available on the company's investor relations website.

Moomoo and Cboe Global Markets released findings from their 2024 options trader survey, revealing increased popularity in options trading among retail investors. The survey of over 1,000 moomoo users showed that 67% of respondents have been trading options for less than three years, while 49% trade options daily or weekly.

Key findings indicate that income generation is the primary motivation (67%) for options trading, followed by risk management. The surge in options trading is attributed to lower fees, better access to financial information, and improved analytical tools. The survey also highlighted that many traders are interested in options education to enhance their trading capabilities, with 43% specifically trading Zero Days-to-Expiration options.

Moomoo, the investment and trading platform, has launched its redesigned moomoo NX desktop version to better serve U.S. retail investors. The new platform offers customizable multi-monitor layouts, advanced features, powerful charting and analytical tools, and seamless symbol syncing across tabs. It also provides built-in market insights and educational resources to empower informed decision-making.

Since its U.S. launch in 2018, moomoo has been offering a user-friendly trading platform with access to Level 2 data and zero-commission trading for stocks, ETFs, and equity options. The platform aims to bridge the gap between institutional and retail investors, catering to both novice and seasoned traders. Moomoo plans to relaunch its web version later in 2024.