Stock Robinhood covers the report Morgan Stanley to offer Cripto Trading
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- Robuver markets fell on Thursday after reports that Morgan Stanley plans to add cryptocurrency trading to his e * trade platform.
- The trading internet platform also said that full-year costs will be higher than previously expected due to costs related to the purchase of TRADEPMR.
- News Offset better than expected profit and sales in the first quarter.
Shares of commodity markets (Hood) Rejected Thursday after Morgan Stanley report (MS) is Planning to add a trading in cryptocurrency to your e * trading platform. Robby could face increased competition if large banks become pushed into crypto trading.
In addition, it was born on Wednesday that its costs would earn that its costs would be higher than the first thought due to recent acquisition and warned about any federal interest rate reserves with federal reserves.
The company sees fully adapted Operating costs and sharing fees in the amount of $ 2.085 billion to $ 2.99 billion, compared to his earlier estimate of $ 2.0 billion to $ 2.1 billion. He explained that this was due to the expected costs relating to his storage platform and management platform trader, which was closed in the first quarter.
CFO Jason Varnick also noted during Robinhood’s earnings if ad-has a reduction in borrowing costs up to 25 Basic points“Impact would be on a standalone basis of about $ 50 million as an overthrow” to Net interest incomeAccording to the transcript given by Alphasense.
Robinhood K1 results Top Assessments
The news about the company’s compensation is better than the expected results of the first quarter. The Robinhouse reported $ 0.37 in revenue of 50% compared to $ 927 million. Analysts surveyed visible Alpha is expected from 0.32 and 915 million dollars, respectively.
Despite today’s 1.2% decline, the shares of the Robunj market are about 30% to this day.
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2025-05-01 15:00:00
