TIGR UP FintechWatchlist
About UP Fintech Company
UP Fintech Holding Ltd. is a brokerage firm, which engages in the provision of online brokerage services. The company was founded by Tian Hua Wu in 2014 and is headquartered in Singapore.
UP Fintech: Notice of proposed sale of securities pursuant to Rule 144
144 | UP Fintech Holding Ltd (0001756699) (Subject)
Changes in US stocks | Tiger Securities rose more than 7% before the market and Q2 total revenue increased 23.5% year-on-year and turned a loss into a profit
Tiger Securities's US stock rose 7.48% in the pre-market to $3.88. Tiger Securities announced its second-quarter results, with total revenue of US$66.1 million, up 23.5% year on year; net profit of US$13.2 million was US$13.2 million, turning a loss into a profit from a net loss of 900,000 US dollars in the same period last year. Client assets reached US$17.3 billion, up 16.2% year on year; total deposit customers reached 840,900, up 15% year on year.
UP Fintech Holding Limited Reports Unaudited Second Quarter 2023 Financial Results
SINGAPORE, Aug. 29, 2023 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the second quarter ended June 30, 2023.
Some wild thesis:
Powell does not sound very hawkish during his speech on Wed. He basically repeated what he said in the past: data dependent, proceed carefully, 1 more rate hike, higher for longer etc.
Then, the market sold off, where it “should have” rallied, because there was no surprise from Powell per se.
On Thurs, some may think that the market should bounce (which happened previously during post FOMC). Yet the market sold off again.
Okay, that is when...