Robinhood Markets Reports Operating Data; Funded Customers At The End Of July Were 24.2M; Assets Under Custody At The End Of July Were $144.5B; Net Deposits Were $4.2B In July, Translating To A 36% Annualized Growth Rate Relative To June 2024 AUC
Portfolio Pulse from Benzinga Newsdesk
Robinhood Markets, Inc. (NASDAQ:HOOD) reported strong operating data for July 2024, including increases in funded customers, assets under custody, net deposits, trading volumes, and margin balances. Key metrics showed significant year-over-year growth.
August 14, 2024 | 8:29 pm
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Robinhood reported strong operating data for July 2024, with increases in funded customers, assets under custody, net deposits, trading volumes, and margin balances. These metrics indicate robust growth and positive investor sentiment.
The reported increases in key metrics such as funded customers, assets under custody, net deposits, and trading volumes suggest strong operational performance and growth. This is likely to positively impact investor sentiment and the stock price in the short term.
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