Futu Holdings Limited Stock Price, News & Analysis

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.

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

Moomoo aims to bridge the gap between institutional and retail investors by offering a reliable, user-friendly trading platform for all experience levels. The platform provides access to Level 2 data for brokerage customers and zero-commission trading for stocks, ETFs, and equity options. Moomoo's CEO, Neil McDonald, emphasizes their commitment to leveraging technological innovation to meet customer needs.

Users can download the new moomoo desktop version to experience the platform. Moomoo also plans to relaunch its web version later in 2024.

Futu Holdings (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, has received a reaffirmation of its investment grade rating from S&P Global Ratings. The company's long-term issuer credit rating remains at 'BBB-' with a stable outlook. S&P also noted that Futu's Hong Kong securities firm has a stand-alone credit profile of 'bbb'.

S&P's assessment highlights Futu's strong market position in Hong Kong and anticipates continued good growth momentum in its overseas business. The rating agency expects Futu to maintain its strong capitalization and robust funding profile to support ongoing business expansion.

Futu Holdings (Nasdaq: FUTU), parent company of moomoo, reported strong Q2 2024 earnings with US$400.7 million in total revenues, up 25.9% YoY, and US$166.0 million in non-GAAP adjusted net income, an 8.6% YoY increase. The company's global user base grew to 23.3 million, up 13.3% YoY, with 2 million paying clients, a 28.8% YoY increase. Total client assets reached US$74.2 billion, up 11.9% QoQ, while total trading volume surged 21.1% QoQ to US$207.7 billion. Futu expanded its offerings, including Japanese stock trading and cryptocurrency ETFs, with wealth management AUM surpassing US$10 billion. The company launched crypto trading in Singapore and Hong Kong, aiming to provide more diverse investment opportunities globally.

Futu Holdings (FUTU) reported strong Q2 2024 results, with total revenues increasing 25.9% year-over-year to HK$3,129.0 million (US$400.7 million). The company saw significant growth in key metrics:

- Paying clients up 28.8% YoY to 2,042,313
- Total client assets up 24.3% YoY to HK$579.3 billion
- Trading volume up 69.0% YoY to HK$1.62 trillion
- Net income up 8.0% YoY to HK$1,209.3 million (US$154.9 million)

Futu raised its 2024 guidance to 550,000 new paying clients. The company also launched cryptocurrency trading in Hong Kong and Singapore, and saw strong growth in wealth management, with total client assets in this segment up 83.6% YoY.

Futu Holdings (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, has announced it will report its financial results for the second quarter ended June 30, 2024, before U.S. markets open on August 20, 2024. The company will hold an earnings conference call on the same day at 7:30 AM U.S. Eastern Time (7:30 PM Beijing/Hong Kong Time).

Participants must pre-register for the conference call using the provided link. Upon registration, they will receive confirmation emails with dial-in numbers and personal PINs. A live and archived webcast of the call will be available on Futu's investor relations website.

Moomoo, an investment and trading platform, has released its 2024 second-quarter U.S. users survey results. The survey reveals that investors are trading more frequently and profiting more compared to last year, despite concerns about inflation and confidence. With U.S. markets near all-time highs, investors have adopted a more neutral stance, anticipating a possible recession and divided opinions on AI stock valuations.

Key findings include:

• 84% of surveyed investors believe technology stocks could outperform other sectors in the second half of 2024
• The S&P 500 was up almost 33% as of June 28, 2024, after its recent bottom in October 2023
• The Nasdaq 100 index was up almost 40%, primarily driven by gains in AI stocks

Justin Zacks, VP of Strategy at Moomoo Technologies Inc., noted that while many investors have benefited from market highs, there's a cautious tone due to uncertainties surrounding inflation, elections, recession, and interest rates.