Robinhood's profit surges as post-election trading frenzy lifts volumes
ReutersFeb 12, 2025 9:07 PM
Feb 12 (Reuters) - Trading platform Robinhood HOOD.O 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.
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