Robinhood (HOOD) reported select monthly operating data for November. Funded customers at the end of November were 26.9M. This includes the impact of required escheatment of approximately 280,000 low-balance accounts. Prior to the escheatment, funded customers would have grown by approximately 150,000 in November. Total platform assets at the end of November were $325B. Net deposits were $7.1B in November, or a 25% annualized growth rate relative to October total platform assets. Over the last twelve months, net deposits were $70.2B, or an annual growth rate of 36% relative to November 2024 total platform assets.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOOD:
- Mixed options sentiment in Robinhood with shareslittle changed
- Robinhood price target lowered to $154 from $166 at BofA
- Robinhood Retirement Is Here! Accelerate Towards Retirement with a Boost on Every Eligible Dollar
- Crypto Currents: Strategy buys $963M in bitcoin, Bitmine adds $435M in ether
- Moderately bullish activity in Robinhood with shares up 3.79%