(Reuters) – Trading platform Robinhood reported a surge in fourth-quarter profit on Wednesday, fueled by frenetic activity in equity and crypto markets following Donald Trump’s presidential election victory.
The Menlo Park, California-based company reported a profit of $916 million, or $1.01 per share, in the three months ended Dec. 31. That compares with $30 million, or 3 cents per share, a year earlier.
(Reporting by Jaiveer Singh Shekhawat and Manya Saini in Bengaluru; Editing by Anil D’Silva)
Comments