Up Fintech Hldg Ltd Stock Price, News & Analysis

Interactive Brokers Group reported GAAP diluted EPS of $0.74 for Q1 2022, down from $1.16 a year ago. Adjusted EPS was $0.82 versus $0.98 in the prior year. Net revenues fell by 28% to $645 million compared to $893 million in Q1 2021. Commission revenue decreased 15% to $349 million, while net interest income declined 8% to $282 million. Customer accounts surged 36% to 1.81 million, and customer equity rose 8% to $355.9 billion. The company declared a quarterly dividend of $0.10 per share.

UP Fintech Holding Limited (Nasdaq: TIGR) announced the resignations of Ms. Xian Wang and Mr. David Friedland as directors, effective March 18, 2022. Ms. Wang's resignation was due to the expiration of her service agreement, while Mr. Friedland left for personal reasons. Importantly, both resignations occurred without any disagreements with the company. UP Fintech is a leading online brokerage focusing on global investors, providing a comprehensive trading platform and a range of innovative services.

UP Fintech Holding Limited (TIGR) reported strong financial results for Q4 and full-year 2021. Q4 revenue reached US$62.2 million, with total annual revenue at US$264.5 million, a growth of 91% year-over-year. The firm added 414,700 new funded accounts in 2021, surpassing its target by 119%. Notably, trading volume surged to US$85.9 billion in Q4, and client assets hit US$17.1 billion. The company continues to expand internationally, with over 90% of new accounts from outside China, particularly Singapore, where it holds a market share of 15% of the relevant population.

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.