Up Fintech Hldg Ltd Stock Price, News & Analysis

UP Fintech (NASDAQ: TIGR) reported its Q4 and FY 2021 financial results, with Q4 revenue reaching US$62.2 million, a 31.7% increase year-over-year, and FY revenue at US$264.5 million, up 91.0%. The company added 61,400 funded accounts in Q4, totaling 673,400 by year-end. However, it faced a net loss of US$5.4 million for Q4, contrasting with a net income of US$8.5 million in the previous year. Despite a 17% quarterly decline in total client assets to US$17.1 billion, the company emphasized successful expansion into Australia and solid performance in corporate services.

UP Fintech Holding Limited (NASDAQ: TIGR) will announce its fourth-quarter financial results for the period ending December 31, 2021, on March 18, 2022, before U.S. market opens. Management will host a conference call at 8:00 AM ET, allowing investors to preregister for participation. The call will include a live and archived webcast, providing an opportunity for stakeholders to review the company’s performance and outlook. UP Fintech focuses on providing a superior trading experience through its mobile-first platform, serving global investors across various financial instruments.

Interactive Brokers Group, Inc. (Nasdaq: IBKR) reported GAAP diluted EPS of $0.67 and adjusted EPS of $0.83 for Q4 2021. Total net revenues were $603 million, up from $599 million in Q4 2020. The company declared a quarterly dividend of $0.10 per share, payable on March 14, 2022. Customer accounts surged 56% year-over-year to 1.68 million, and customer equity rose 30% to $373.8 billion. However, net interest income increased 31% to $70 million, but other income fell $104 million mainly due to investments in Tiger Brokers.

UP Fintech Holding Limited (TIGR) reported its Q3 2021 financial results, showing a 59.6% revenue increase year-over-year, totaling US$60.8 million. Non-GAAP net income stood at US$5.3 million. The company achieved a significant rise in customer accounts, with a total of 1.77 million and 612,000 accounts making deposits, driven by international expansion, particularly seeing over 80% of new funded accounts from overseas. UP Fintech plans further growth in Hong Kong and Singapore, having acquired new licenses for expanded service offerings.

UP Fintech Holding Limited (NASDAQ: TIGR) announced its Q3 2021 results, showcasing a 59.6% increase in total revenues to US$60.8 million. Net income surged to US$20.5 million, up from US$5.8 million year-over-year. The company successfully added 82,900 funded accounts in Q3, exceeding its earlier guidance. Key expansions include the acquisition of Ocean Joy Securities and the establishment of a dual headquarters in Singapore, enhancing its international growth strategy. Total account balance increased 88.3% year-over-year to US$20.6 billion.

UP Fintech Holding Limited (NASDAQ: TIGR) announced its addition to the MSCI China Small Cap Index, effective at market close on Nov 30, 2021. This inclusion acknowledges the company's expanding user base and platform capabilities, particularly appealing to global investors. The MSCI China Small Cap Index consists of 254 constituents and represents about 14% of China's market capitalization. UP Fintech's internationalization strategy, particularly since its entry into Singapore in 2020, has significantly contributed to its growth, with over 60% of new accounts from international markets.

UP Fintech Holding Limited (NASDAQ: TIGR) announced it will release its third-quarter financial results for the period ending September 30, 2021, before U.S. markets open on November 30, 2021. The company will host an earnings conference call at 8:00 AM Eastern Time. Due to COVID-19, participants must preregister for the call, as operator-assisted calls are not available. The call will be accessible via a live and archived webcast on their investor relations website.

UP Fintech Holding Limited (Nasdaq: TIGR) announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd. (TBSPL), has received approval as a Trading Member of Singapore Exchange Securities Trading Limited (SGX-ST) and as a Clearing Member of The Central Depository (Pte) Limited (CDP). This approval aims to enhance user experience and strengthen TBSPL's market presence in Singapore. UP Fintech emphasizes its commitment to providing superior services and innovative trading solutions to global investors.

UP Fintech Holding Limited (Nasdaq: TIGR) has successfully completed the acquisition of Ocean Joy Securities Limited, a firm licensed by the Hong Kong Securities and Futures Commission for regulated activities. This acquisition enables UP Fintech to commence its brokerage operations in Hong Kong, enhancing its market presence. The company aims to leverage its advanced technology and mobile-first strategy to improve customer service and attract new clients while providing diverse financial instruments across multiple exchanges globally.