Robinhood CFO: July Trading Volume Flat, $4B in Net Deposits
HOOD sits 40% above its 52-week low of $63.515.
Summary
CFO Shiv Verma disclosed on the Q2 earnings call that July trading volumes are running flat with Q2 levels, signaling no acceleration from the record quarter. Net deposits hit $4 billion in July, excluding Trump accounts, which have attracted 7 million children and $1.5 billion since launch. This follows yesterday's Q2 beat with $1.31B revenue and $0.62 EPS. The flat volume trend tempers near-term growth expectations, while deposit strength underscores platform engagement. Watch for August volume data to confirm whether the slowdown persists.
At the time of this announcement, HOOD was trading at $88.93 on NASDAQ in the Finance sector, with a market capitalization of approximately $81B. The 52-week trading range was $63.52 to $153.86. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Binance News.