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.
Futu Holdings Limited (Nasdaq: FUTU) is set to announce its financial results for the fourth quarter and full year ending December 31, 2022, on March 28, 2023, before U.S. markets open. An earnings conference call will follow at 7:30 AM ET, where management will discuss the results. To participate, attendees must pre-register through the provided link. Futu operates a tech-driven online brokerage and wealth management platform, primarily serving the emerging affluent market, utilizing its Futubull and moomoo applications for trading and investment services, including margin financing and securities lending.
On February 14, 2023, Moomoo released its 2023 U.S. Investor Survey, revealing that retail investors remain active despite recession fears and inflation concerns. The survey, conducted among 770 users, indicates that 61.6% experienced trading losses in 2022, yet 76% plan to increase their investments this year. A significant 62% believe a recession has already begun. Investors are particularly optimistic about technology, energy, and healthcare sectors, with many intending to use 'buy the dip' strategies. Moomoo also unveiled key app features aimed at enhancing investment decision-making, showcasing its commitment to user feedback and innovation.
Blue Ocean Technologies LLC and Futu Clearing Inc. have announced a strategic partnership to enhance trading capabilities for Futu clients. Beginning February 13, 2023, users can trade US NMS stocks during Hong Kong’s local business hours (10:00 am to 6:00 pm). This partnership marks the first time that real-time trading and market data access will be available to Futu clients in Hong Kong. The initiative aims to boost the investor experience and expand trading opportunities in the Asia-Pacific region. Futu's CEO highlighted the partnership as a significant step in improving services for local clients.
Futu Holdings Limited (Nasdaq: FUTU) announced its commitment to cooperate with the China Securities Regulatory Commission (CSRC) regarding its cross-border operations in mainland China. The Company will review its operations to ensure compliance with regulatory requirements while maintaining services for existing clients. Futu aims to strengthen its international presence amid regulatory scrutiny, leveraging its digital brokerage and wealth management platform, including services through its applications, Futubull and moomoo.
Futu Holdings Limited (Nasdaq: FUTU) announced a proposed dual primary listing of its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK). The SEHK granted in-principle approval for the listing on December 21, 2022, with trading expected to start on December 30, 2022, under stock code "3588." The shares will remain fungible with the American depositary shares (ADSs) on Nasdaq. Goldman Sachs and UBS are joint sponsors, and HSBC is the financial advisor. This strategic move aims to enhance liquidity and access for investors.
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Futu Holdings Limited (Nasdaq: FUTU) will report its Q3 2022 financial results on November 21, 2022, before U.S. markets open. Management will hold an earnings conference call at 7:30 AM Eastern Time on the same day. Participants must pre-register for the call to receive dial-in information. Futu is revolutionizing the wealth management industry with its digital brokerage platform, offering services like trade execution, margin financing, and securities lending through the Futubull and moomoo apps, targeting the emerging affluent demographic.
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Moomoo has launched a new earnings calendar feature on its trading app, aimed at enhancing financial literacy and education for users. This tool allows investors to track reporting calendars and company valuations during earnings season. Additionally, the final voting phase for the Tutorial Video Challenge has begun, where nine YouTubers compete by creating videos about this feature. Winners will receive cash prizes totaling $6,000. Moomoo continues to focus on investor education, having rolled out approximately 2,500 online investing courses since its U.S. launch in 2018.
Futu Holdings Limited (Nasdaq: FUTU) reported robust performance in Q2 2022, with total revenues of US$222.6 million and non-GAAP adjusted net income of US$87.7 million. User growth for its platforms, Moomoo and Futubull, surged 20% year-over-year to 18.6 million. Notable metrics include a 30.5% increase in registered clients and a 38.6% rise in paying clients, totaling 1.4 million. Client assets reached US$55.3 billion, and client retention soared to nearly 99%. The company also expanded its regulatory licenses, enhancing its competitive edge in key markets.
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