In Q2, Futu Reported Total Number of Paying Clients Growth Of 28.8% YoY, Daily Average Client Asset Growth Of 24.4% YoY, Trading Volume Growth Of 69% YoY
Portfolio Pulse from Benzinga Newsdesk
Futu Holdings reported significant growth in Q2 2024, with a 28.8% increase in paying clients, a 24.4% rise in daily average client assets, and a 69% surge in trading volume year-over-year. The company also saw substantial growth in registered clients, users, and margin financing.
August 20, 2024 | 8:09 am
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Futu Holdings reported robust Q2 2024 results with significant growth in key metrics such as paying clients, client assets, and trading volume. This performance indicates strong operational momentum and could positively impact the stock price.
The reported growth in paying clients, client assets, and trading volume suggests strong business performance and potential for increased investor confidence, likely leading to a positive impact on FUTU's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100