An announcement from Futu Holdings ( (FUTU) ) is now available.
Futu Holdings Limited announced its unaudited financial results for the fourth quarter and full year of 2024, highlighting significant growth in client numbers and financial metrics. The company reported a 41% increase in paying clients, reaching 2.4 million by the end of 2024, and a 53.1% rise in total client assets to HK$743.3 billion. Total revenues for the fourth quarter surged by 86.8% year-over-year to HK$4,432.5 million, driven by increased trading volumes and higher interest income. The company’s strategic marketing efforts and product localization contributed to substantial client growth in key markets like Hong Kong, Singapore, Malaysia, and Japan. Futu also maintained its leadership in Hong Kong IPO underwriting, ranking first for the third consecutive year.
More about Futu Holdings
Futu Holdings Limited is a tech-driven online brokerage and wealth management platform based in Hong Kong. The company focuses on providing trading services for U.S. and Hong Kong stocks, wealth management products, and other financial services, primarily targeting retail investors across multiple markets, including Hong Kong, Singapore, Malaysia, and Japan.
YTD Price Performance: 40.61%
Average Trading Volume: 2,508,028
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.9B
For detailed information about FUTU stock, go to TipRanks’ Stock Analysis page.