Robinhood: The Peer Group Members Charles Schwab and FlatexDegiro Reported a Strong First Quarter. Here's why the Stock is Poised for a Trend Continuation!
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The volatility in the first quarter of 2024 increased and unfolds with the second quarter due to the escalation in the trade conflict. For online brokers, the environment was actually quite good, as customers traded more. The large broker Charles Schwab in the USA grew by 18% and increased EPS by 41%. In Germany, FlatexDegiro reported today a revenue growth of 19% as well as a 40% increase in net profit. The growth rates of the two brokers thus match. In the US model portfolio, we focus on Robinhood Markets (i) (HOOD). Among the online brokers,...
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