Up Fintech Hldg Ltd Stock Price, News & Analysis

UP Fintech Holding Limited (NASDAQ: TIGR) will report its financial results for Q3 2022 on November 23, 2022, before the U.S. market opens. The earnings conference call is scheduled for 8:00 AM ET (9:00 PM SGT) on the same day. Participants must preregister to receive dial-in numbers and a personal PIN for access. The call will also be available via a live and archived webcast. UP Fintech is a leading online brokerage firm focusing on global investors, offering innovative trading solutions and comprehensive services.

Interactive Brokers Group reported strong quarterly results for the period ending September 30, 2022, with a GAAP diluted EPS of $0.97 and an adjusted EPS of $1.08, up from $0.43 and $0.78 a year ago. Net revenues increased to $790 million from $464 million, showing a significant growth driven by a 73% rise in net interest income to $473 million despite a 19% decline in customer equity to $287.1 billion. The company declared a quarterly cash dividend of $0.10 per share, payable on December 14, 2022. Customer accounts rose by 31% to 2.01 million.

UP Fintech Holding Limited (TIGR) announced its membership in the New York Stock Exchange (NYSE), enhancing its trading capabilities. This move increases the company's global licenses from 56 to 59, marking an important milestone in industry recognition. Investors will benefit from direct access to efficient electronic executions on the NYSE, enabling lower latency and more competitive pricing. As of Q2 2022, UP Fintech reported 1.935 million global customer accounts with a net asset inflow exceeding $1.5 billion.

UP Fintech Holding Limited (TIGR) reported a revenue of US$53.5 million for Q2 2022, reversing from a US$4.4 million loss to a US$3.5 million net income. Customer accounts grew to 1.9 million, with deposits rising by 38.2% year-over-year. The company retained over 99% of its customers in Singapore, reflecting strong user loyalty, while net asset inflow reached US$1.5 billion. Significant growth was also observed in Australia, with user registrations increasing by 81% quarter-over-quarter. Additionally, the Tiger Trade app's updated version enhances user experience and customization.

UP Fintech Holding Limited (NASDAQ: TIGR) reported its unaudited financial results for Q2 2022, revealing total revenues of US$53.5 million, a 11.2% decline year-over-year but a 2% rise sequentially. The company added 27,900 funded accounts, reaching a total of 731,400, with an increase of 38.2% from the previous year. Despite a 2.3% drop in account balances to US$14.9 billion, net loss significantly improved to US$0.9 million from US$21.5 million a year ago. Non-GAAP net income reached US$3.5 million, up from a loss of US$4.4 million.

UP Fintech Holding Limited (NASDAQ: TIGR) will report its Q2 2022 financial results on September 7, 2022, before the U.S. market opens. A conference call is scheduled for 8:00 AM U.S. Eastern Time, accessible via preregistration. The firm emphasizes a 'mobile first' strategy, catering to global investors through its trading platform. With a focus on innovation in financial services, it aims to enhance user experience and attract new customers. An archived webcast will also be available following the call.

Interactive Brokers Group, Inc. (Nasdaq: IBKR) reported a GAAP diluted EPS of $0.72 and adjusted EPS of $0.84 for Q2 2022, down from $1.00 and $0.82, respectively, year-over-year. Net revenues were $656 million, a decrease from $754 million in the previous year. Notably, commission revenue rose 5% to $322 million, while net interest income surged 27% to $348 million. However, a significant loss in other income totaling $57 million impacted overall earnings. Total equity stands at $10.6 billion, with a declared quarterly dividend of $0.10 per share. Customer accounts increased by 36% to 1.92 million.

UP Fintech Holding Limited (TIGR) reported Q1 2022 results with total revenue of US$52.6 million and a non-GAAP net loss of US$1.9 million. Customer accounts rose to 1.9 million, with deposits up 87.1% year-over-year. The company reported a net asset inflow of US$3.5 billion. In Singapore, registered accounts accounted for 19% of the population aged 20-70. Wealth management assets under management (AUM) increased significantly, with the Fund Mall AUM up 99.4% year-over-year. Tiger Trade gained recognition in Australia and ranked third in U.S. IPO underwriting by deal count.

UP Fintech (NASDAQ: TIGR) reported a 35.2% decrease in total revenues for Q1 2022, totaling US$52.6 million due to declining trading volumes. Net loss attributable to the company was US$5.9 million, down from a net income of US$21.1 million year-over-year. Despite challenging market conditions, the company added 30,150 funded accounts, increasing total accounts to 703,500, reflecting an 87.1% year-over-year growth. The firm also experienced a net asset inflow of US$3.5 billion.