A surge in trading during the first quarter lifted profits for Robinhood Markets beyond Wall Street’s expectations. The brokerage reported diluted earnings per share of 37 cents, a 106% year over year increase. “Trading volumes and net deposits were incredibly strong for the quarter and in April,” CFO Jason Warnick said during a call with reporters.
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Dividend stocks are gaining ground as investors scramble to safeguard their portfolios amid the ongoing US-China trade war. Jared Hoff, a senior portfolio manager at Federated Hermes, said while talking to The Wall Street Journal that dividend stocks are seeing a surge in demand, reversing the trend of the past couple of years when demand for risk-averse investments was low. Don’t Miss: ‘Scrolling To UBI’ — Deloitte’s #1 fastest-growing software company allows users to earn money on their phones
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Chinese exports show the impact of U.S trade war, Meta’s stand-alone AI app will compete with rivals, and more news to start your day.
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