In Q1, Futu Holdings Reported 549.9K in Daily Average Revenue Trades, up by 7% YoY, Margin Financing and Securities Lending Balance of HK$37.6B, up by 8.9% YoY
Portfolio Pulse from Benzinga Newsdesk
Futu Holdings reported significant growth in Q1 2024, with a 7% YoY increase in daily average revenue trades, a 23.5% increase in paying clients, and an 8.9% increase in margin financing and securities lending balance.
May 28, 2024 | 8:14 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Futu Holdings reported a 7% YoY increase in daily average revenue trades, a 23.5% increase in paying clients, and an 8.9% increase in margin financing and securities lending balance for Q1 2024.
The significant growth in key metrics such as daily average revenue trades, paying clients, and margin financing indicates strong operational performance, likely leading to a positive short-term impact on FUTU's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100