Robinhood Q3 Assets Under Custody Increased 34% To $87B
Portfolio Pulse from Benzinga Newsdesk
Robinhood's Q3 report shows a 34% increase in assets under custody, reaching $87 billion.
November 07, 2023 | 9:09 pm
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POSITIVE IMPACT
Robinhood's assets under custody increased by 34% in Q3, indicating a strong growth in the company's operations.
The increase in assets under custody indicates that Robinhood is attracting more customers and/or its existing customers are investing more money. This is a positive sign for the company's growth and could lead to increased revenues and profits in the future, which would likely have a positive impact on the stock price.
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