Welcome to our dedicated page for Futu Holdings news (Ticker: FUTU), a resource for investors and traders seeking the latest updates and insights on Futu Holdings stock.
Futu Holdings Limited (Nasdaq: FUTU) is a tech-driven online brokerage and wealth management company that regularly issues news and updates about its operations, platforms and financial performance. Through its proprietary digital platforms Futubull and moomoo, Futu provides fully digitalized investment services, and its news flow often highlights developments that affect users, investors and corporate clients across multiple markets.
News about Futu frequently covers its quarterly and interim financial results, released via earnings announcements and accompanying conference call details. These updates discuss metrics such as client assets, trading volumes, funded accounts and revenue composition, along with commentary from management on business trends, technology investments and market conditions across regions like Hong Kong, the United States and other markets served by moomoo.
In addition to earnings, Futu-related news includes product and feature enhancements on its platforms. Recent communications have described the rollout of AI-powered tools such as the Moomoo AI chatbot, AI stock screening and portfolio analysis capabilities, and the expansion of cryptocurrency-related services and virtual asset infrastructure. The company also issues news about new trading features, derivatives access, structured products and other additions to its digital offering.
Another recurring theme in Futu and moomoo news is international expansion and localization. Press releases highlight growth in markets including Singapore, Australia, Japan, Canada, Malaysia and New Zealand, as well as localized features such as IPO financing services, earnings calendars and educational initiatives. The company also reports on community and education programs, such as MooFest events, collaborations with exchanges and nonprofits, and financial literacy campaigns.
Investors and platform users following FUTU news can expect updates on corporate services such as IPO distribution and investor relations mandates, including participation as joint bookrunner in Hong Kong listings. Together, these news items provide insight into how Futu is developing its technology, expanding its geographic reach and evolving its digital brokerage and wealth management services.
Moomoo, a trading platform, has partnered with TradingView, a well-known charting and trading platform. This collaboration allows moomoo customers to trade directly from TradingView, accessing advanced charting tools and technical analytics. Moomoo provides its users with free investment courses, educational materials, and interactive events. The platform also hosts forums, trending topics, webinars, and seminars for community engagement. This partnership aims to enhance the user experience by integrating TradingView’s analytical tools and social network, expanding moomoo’s reach to millions of TradingView users.
Futu Holdings (Nasdaq: FUTU), a tech-driven online brokerage and wealth management platform, announced that its subsidiary, Futu Securities International (Hong Kong) , has upgraded its Type 1 license. Granted by the Hong Kong Securities and Futures Commission (SFC), this upgrade allows Futu Securities to offer virtual asset dealing services to retail and professional investors in Hong Kong. This development aims to expand Futu's service offerings and enhance its market position in the rapidly growing virtual asset sector.
Futu Holdings, a tech-driven online brokerage and wealth management platform, announced that its wealth management business has surpassed $10 billion in assets under management (AUM). The company offers mutual funds, private funds, bonds, and structured notes to clients in Hong Kong and Singapore. Additionally, its subsidiary, Moomoo Securities Malaysia, has received approval for Institutional UTS Adviser (IUTA) registration from the Federation of Investment Managers Malaysia to distribute wealth management products in Malaysia.
Futu Holdings, a tech-driven online brokerage and wealth management platform, announced a HKD440 million investment in Gravitation Fintech HK , the parent company of Airstar Bank.
This investment makes Futu the second largest beneficial owner with an indirect 44.11% stake in Airstar Bank.
Futu Holdings announced its unaudited financial results for Q1 2024, showcasing a 3.7% year-over-year revenue increase to HK$2,592.5 million. The company's paying clients surged by 23.5% to 1.89 million. However, net income saw a decline of 13.1% to HK$1,035.1 million, and gross profit dropped by 3.9% to HK$2,122.2 million. Trading volume rose by 9.5% year-over-year to HK$1.3 trillion. Despite higher costs, Futu achieved a 6.0% increase in daily average client assets to HK$480 billion and a notable 72.8% year-over-year growth in wealth management assets to HK$64.0 billion. CEO Leaf Hua Li cited strong market performance and new market expansion as key growth drivers.
Futu Holdings (Nasdaq: FUTU), a tech-driven online brokerage and wealth management platform, will announce its Q1 2024 financial results before U.S. markets open on May 28, 2024.
An earnings conference call will be held on the same day at 7:30 AM U.S. Eastern Time (7:30 PM Beijing/Hong Kong Time).
Participants must pre-register via a provided link to receive dial-in numbers and personal PINs.
A live and archived webcast of the call will be available on Futu's investor relations website.
Futu Holdings announced that its moomoo app has reached one million downloads in Japan. Moomoo started offering U.S. stock trading in September 2023 and Japanese stock trading in Japan in March 2024. Futu's subsidiary, Moomoo Securities Japan Co., , holds the FIBO license in Japan and is a member of various financial associations.
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