Futu Holdings (FUTU) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Futu Holdings reported a robust third quarter in 2024, with a significant 74.7% increase in trading volume and a 48.1% rise in total client assets, reaching HK$693.4 billion. The company saw strong growth in paying clients, particularly in Hong Kong and Singapore, and announced a special cash dividend to mark its fifth Nasdaq listing anniversary. Futu’s revenue climbed 29.6% year-over-year, driven by surges in U.S. stock trading and margin financing income.
For further insights into FUTU stock, check out TipRanks’ Stock Analysis page.