Profile - To The Moon

Angellee24

Never too late to start investing.

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- Angellee24Angellee24
  ·2024-05-14
  Very aggressive
  Sorry, this post has been deleted
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- Angellee24Angellee24
  ·2023-11-27
  Well done Tiger
  UP Fintech's Q1-Q3 Net Income Hits $42M, Surpassing 2-Year Total
  Singapore and New York, Nov 27, 2023 — UP Fintech Holding Limited ("UP Fintech" or the "Company", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), a leading online brokerage firm com
  UP Fintech's Q1-Q3 Net Income Hits $42M, Surpassing 2-Year Total
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- Angellee24Angellee24
  ·2022-11-23
  Well done tiger.
  UP Fintech Posts US$55.41 Million for 2022 Q3 Revenue
  About one-fifth of new customers with deposits are from Australia and New Zealand, indicating growin
  UP Fintech Posts US$55.41 Million for 2022 Q3 Revenue
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- Angellee24Angellee24
  ·2022-09-02
  Means higher inflation
  Payrolls Rose 315,000 in August As Companies Keep up Hiring Pace
  Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment ra
  Payrolls Rose 315,000 in August As Companies Keep up Hiring Pace
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- Angellee24Angellee24
  ·2022-07-15
  $Lufax(LU)$[Cry]
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- Angellee24Angellee24
  ·2022-07-11
  Poor Twitter, suddenly being put under the spotlight just because of Musk.
  Sorry, this post has been deleted
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- Angellee24Angellee24
  ·2022-07-11
  Tonight will be stormy.
  US Equity Futures Drop With Stocks as Dollar Jumps: Markets Wrap
  China virus woes overshadow post-election Japan stock rallyUS CPI, earnings on tap this week as trad
  US Equity Futures Drop With Stocks as Dollar Jumps: Markets Wrap
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- Angellee24Angellee24
  ·2022-07-08
  US stock
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- Angellee24Angellee24
  ·2022-07-07
  Losing subscribers is bad news.
  Netflix Q2 Subscriber Losses Could Be Worse Than Forecast, Analyst Warns
  It's now been almost three months since Netflix shocked investors with a very ugly first-quarter-ear
  Netflix Q2 Subscriber Losses Could Be Worse Than Forecast, Analyst Warns
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- Angellee24Angellee24
  ·2022-07-02
  This is really bad.
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Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/245977779892224","repostId":"1146003962","repostType":2,"repost":{"id":"1146003962","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1701075681,"share":"https://ttm.financial/m/news/1146003962?lang=&edition=fundamental","pubTime":"2023-11-27 17:01","market":"us","language":"en","title":"UP Fintech's Q1-Q3 Net Income Hits $42M, Surpassing 2-Year Total","url":"https://stock-news.laohu8.com/highlight/detail?id=1146003962","media":"Tiger Newspress","summary":"Singapore and New York, Nov 27, 2023 — UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), a leading online brokerage firm com","content":"<html><head></head><body><p><strong>Singapore and New York, Nov 27, 2023</strong> — UP Fintech Holding Limited (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), a leading online brokerage firm committed to redefining global investing through next-generation technologies, today announced its unaudited financial results for the third quarter ended September 30, 2023. </p><p>In the third quarter, the Company achieved a revenue of US$70.1 million, a QoQ increase of 6.2%, and a YoY increase of 26.6%. The non-GAAP net income for the quarter was $16 million, representing a QoQ growth of 4.3% and a YoY increase of 141.1%. The non-GAAP net income for the first three quarters of 2023 reached US$42 million, surpassing the sum of the company&#39;s non-GAAP net income for the past two years.</p><p>In the third quarter, UP Fintech added 28,803 new global account holders, bringing the total to 2.15 million. Funded accounts increased by 24,604, reaching approximately 865,500, marking a 14.8% YoY growth. The total account balance amounted to approximately US$18.9 billion, reflecting a 45.7% YoY increase, with net asset inflows exceeding US$1.5 billion during the quarter.</p><p style=\"text-align: left;\">Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated, &#34;In the third quarter, the company achieved robust business growth, with both revenue and net profit experiencing QoQ and YoY growth. Our market share in Singapore continues to expand, marked by a continual increase in new funded clients. Presently, approximately one out of every three residents in Singapore has utilised Tiger Trade*. Meanwhile, customer retention in Sinagpore remains high and we saw consistent average net asset inflows in the third quarter from each cohort of existing clients acquired from previous quarters. In other international markets such as Hong Kong and Australia, the Company&#39;s recognition has further increased, and we have received multiple awards locally.&#34;</p><p style=\"text-align: left;\">&#34;As a user-centric brokerage, we consistently introduce new products and features to cater to the diverse needs of investors. For example, in this quarter, we launched the Trading Sparks feature, enabling users to share their trading activities in real-time or subscribe to track the buying and selling actions of others. This creates an environment for investors to expand their investment horizons through communication and inspiration sharing. While solidifying our strengths in stock trading services, we recently introduced the US stock multi-leg options feature, to provide a more convenient and efficient options trading experience for more advanced options investors. Our goal is to become the preferred trading platform for a broader range of options investors as well.&#34; </p><p style=\"text-align: left;\"><strong><em>Continued leadership in Singapore; Hong Kong sees a 70% increase in customer balances</em></strong></p><p style=\"text-align: left;\">UP Fintech continues to solidify its leadership position in Singapore, with a 14.2% QoQ increase in newly funded clients and an average net asset inflows of US$10,000 per newly acquired client in the third quarter. On the product front, the Company introduced the multi-leg options details page which aims to help investors better understand and manage their multi-leg options investment strategy. The platform&#39;s options features are gaining traction, with an increase in the number of options trading accounts and positions in Singapore during Q3. Recognizing UP Fintech&#39;s commitment to excellence, The Straits Times has bestowed upon the company the Singapore Best Customer Service award. </p><p style=\"text-align: left;\">Moreover, the Securities Investors Association Singapore (SIAS) has honored UP Fintech with the award of Best Retail Broker 2023. Additionally, Tiger Fund Management (TFM), an affiliate of Tiger Brokers (Singapore), secured over SGD$300 million of assets under management (AUM), and has inked a memorandum of understanding with Tiger Brokers (Singapore) and Yuanta Securities (Hong Kong) to collaborate on a variety of products and services, including the launch of a money market fund in late 2023.</p><p style=\"text-align: left;\">In Hong Kong, the Company experienced steady growth, with a 69.6% QoQ increase in customer balances and a 59.0% QoQ increase in trading clients by the end of the quarter. UP Fintech introduced bond subscription services, encouraging users to subscribe to green bonds with various discounts to promote green finance in Hong Kong. Additionally, UP Fintech launched educational courses such as &#34;Advanced Class for Hong Kong ETFs&#34; and &#34;Investment Strategies for Hong Kong ETFs&#34; to bolster financial literacy among local investors. Recognizing its quality product and services, the Company received the &#34;No. 1 Online Securities Investment Platform Award&#34; from Headline Daily, as well as the &#34;Outstanding Technology Broker Award&#34; from CHKCI and Metro Broadcast.</p><p style=\"text-align: left;\">In Australia, the Company&#39;s innovative uninvested cash interest service received positive market feedback, leading to a further increase in customer engagement, with a 17% QoQ growth in net asset inflow in the third quarter. The Company was also honored with the &#34;2023 Outstanding Value – International Share Trading Award&#34; by financial media Canstar. In New Zealand, the Company&#39;s auto-invest and fractional share features, known for their cost-effectiveness and convenience, saw a 56.6% and 106.0% QoQ increase, respectively, in local trading accounts in Q3. The Company also awarded the &#34; Favourite Low-Cost Shares Platform&#34; by local media Moneyhub.<br/></p><p style=\"text-align: left;\"><strong><em>TigerGPT received acclaim; wealth management business shows strong Q3 growth with a 69% AUM increase</em></strong></p><p style=\"text-align: left;\">In the third quarter, commission income reached US$23.2 million, a 5.3% sequential increase, and interest-related income climbed to US$41.6 million, marking a QoQ increase of approximately 5.9%. The Tiger Trade app introduced the Options Channel, covering market trends, top 0DTE options, top options, bulk orders, and option learning, providing users with comprehensive information. Additionally, the Hong Kong ETF page was launched, consolidating index ETFs, ETF rankings, and community information to enhance efficient investment opportunities.</p><p style=\"text-align: left;\">During this quarter, TigerGPT, the text-generating AI chatbot, seamlessly integrated with the Tiger community, enabling users to directly engage and ask questions to TigerGPT within the community. In October, TigerGPT successfully launched its web version, providing users with convenient browser access to the service. To date, TigerGPT has addressed over 100,000 user questions, spanning information interpretation, market queries, and financial report analysis, with over 80% of the answers referencing real-time financial data from Tiger Trade. With a user satisfaction rate of 80%, TigerGPT has emerged as a highly favored intelligent investment assistant on a global scale.</p><p style=\"text-align: left;\">The wealth management business demonstrated rapid growth, with a 68.7% QoQ increase in AUM and a 27.9% QoQ increase in the number of users. Among the newly funded clients in Q3, an average of 14 out of 100 clients availed the Company&#39;s wealth management services, indicating a continuous increase in client penetration. Leveraging the team&#39;s precise product selection capability, the &#34;Tiger Vault,&#34; a cash management product, achieved a 7-day annualised return of 5.6%*, garnering global popularity. Consequently, during the quarter, the number of &#34;Tiger Vault&#34; users surged by 29.4% QoQ, and AUM witnessed an impressive 73.3% QoQ increase. Concurrently, the Company expanded and strengthened collaborations with globally renowned asset management institutions such as Barclays and M&amp;G Investments, enriching product types to cater to diverse investment needs.</p><p style=\"text-align: left;\"><strong><em>Underwriting several US and Hong Kong IPOs; Introduction of equity incentive management system for unlisted enterprises</em></strong></p><p style=\"text-align: left;\">During the reporting period, UP Fintech&#39;s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), amounted to US$5.4 million. Solidifying its standing as the go-to underwriting partner for listings on both the Hong Kong and US stock exchanges, the Company underwrote or served as a selling group for five IPOs, including Adlai, Keep, and Fourth Paradigm in the third quarter.</p><p style=\"text-align: left;\">On the ESOP front, the Company&#39;s brand UponeShare added 27 new corporate clients during the quarter, with a 32.1% YoY growth in the signing amount for new clients. The ESOP system underwent a restructuring and upgrade during the quarter, with the fully digital system opening for unlisted enterprises, allowing them to apply for the experience online. The system now offers four versions covering different stages of growth for enterprises in the A-share, Hong Kong, and US capital markets.</p><p></p><p style=\"text-align: left;\"><em>*According to the calculation based on the 2023 Singapore resident population.</em></p><p style=\"text-align: left;\"><em>**Data source: Bloomberg, flagship product: [USD]HK0000862265; Data as of 2023/10/25</em></p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"><strong><u>About UP Fintech</u></strong></p><p style=\"text-align: left;\">UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.</p><p style=\"text-align: left;\">Founded in 2014, the Company relentlessly offers a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.<br/>UP Fintech strives to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds in tech, we develop our own technology infrastructure — an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p style=\"text-align: left;\">In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 10 million users and more than 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 74 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and Mainland China.</p><p style=\"text-align: left;\">For more information about UP Fintech as a Company, please visit itigerup.com.</p><p style=\"text-align: left;\">For media inquiries, please contact press@itiger.com</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech's Q1-Q3 Net Income Hits $42M, Surpassing 2-Year Total</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech's Q1-Q3 Net Income Hits $42M, Surpassing 2-Year Total\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-11-27 17:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><strong>Singapore and New York, Nov 27, 2023</strong> — UP Fintech Holding Limited (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), a leading online brokerage firm committed to redefining global investing through next-generation technologies, today announced its unaudited financial results for the third quarter ended September 30, 2023. </p><p>In the third quarter, the Company achieved a revenue of US$70.1 million, a QoQ increase of 6.2%, and a YoY increase of 26.6%. The non-GAAP net income for the quarter was $16 million, representing a QoQ growth of 4.3% and a YoY increase of 141.1%. The non-GAAP net income for the first three quarters of 2023 reached US$42 million, surpassing the sum of the company&#39;s non-GAAP net income for the past two years.</p><p>In the third quarter, UP Fintech added 28,803 new global account holders, bringing the total to 2.15 million. Funded accounts increased by 24,604, reaching approximately 865,500, marking a 14.8% YoY growth. The total account balance amounted to approximately US$18.9 billion, reflecting a 45.7% YoY increase, with net asset inflows exceeding US$1.5 billion during the quarter.</p><p style=\"text-align: left;\">Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated, &#34;In the third quarter, the company achieved robust business growth, with both revenue and net profit experiencing QoQ and YoY growth. Our market share in Singapore continues to expand, marked by a continual increase in new funded clients. Presently, approximately one out of every three residents in Singapore has utilised Tiger Trade*. Meanwhile, customer retention in Sinagpore remains high and we saw consistent average net asset inflows in the third quarter from each cohort of existing clients acquired from previous quarters. In other international markets such as Hong Kong and Australia, the Company&#39;s recognition has further increased, and we have received multiple awards locally.&#34;</p><p style=\"text-align: left;\">&#34;As a user-centric brokerage, we consistently introduce new products and features to cater to the diverse needs of investors. For example, in this quarter, we launched the Trading Sparks feature, enabling users to share their trading activities in real-time or subscribe to track the buying and selling actions of others. This creates an environment for investors to expand their investment horizons through communication and inspiration sharing. While solidifying our strengths in stock trading services, we recently introduced the US stock multi-leg options feature, to provide a more convenient and efficient options trading experience for more advanced options investors. Our goal is to become the preferred trading platform for a broader range of options investors as well.&#34; </p><p style=\"text-align: left;\"><strong><em>Continued leadership in Singapore; Hong Kong sees a 70% increase in customer balances</em></strong></p><p style=\"text-align: left;\">UP Fintech continues to solidify its leadership position in Singapore, with a 14.2% QoQ increase in newly funded clients and an average net asset inflows of US$10,000 per newly acquired client in the third quarter. On the product front, the Company introduced the multi-leg options details page which aims to help investors better understand and manage their multi-leg options investment strategy. The platform&#39;s options features are gaining traction, with an increase in the number of options trading accounts and positions in Singapore during Q3. Recognizing UP Fintech&#39;s commitment to excellence, The Straits Times has bestowed upon the company the Singapore Best Customer Service award. </p><p style=\"text-align: left;\">Moreover, the Securities Investors Association Singapore (SIAS) has honored UP Fintech with the award of Best Retail Broker 2023. Additionally, Tiger Fund Management (TFM), an affiliate of Tiger Brokers (Singapore), secured over SGD$300 million of assets under management (AUM), and has inked a memorandum of understanding with Tiger Brokers (Singapore) and Yuanta Securities (Hong Kong) to collaborate on a variety of products and services, including the launch of a money market fund in late 2023.</p><p style=\"text-align: left;\">In Hong Kong, the Company experienced steady growth, with a 69.6% QoQ increase in customer balances and a 59.0% QoQ increase in trading clients by the end of the quarter. UP Fintech introduced bond subscription services, encouraging users to subscribe to green bonds with various discounts to promote green finance in Hong Kong. Additionally, UP Fintech launched educational courses such as &#34;Advanced Class for Hong Kong ETFs&#34; and &#34;Investment Strategies for Hong Kong ETFs&#34; to bolster financial literacy among local investors. Recognizing its quality product and services, the Company received the &#34;No. 1 Online Securities Investment Platform Award&#34; from Headline Daily, as well as the &#34;Outstanding Technology Broker Award&#34; from CHKCI and Metro Broadcast.</p><p style=\"text-align: left;\">In Australia, the Company&#39;s innovative uninvested cash interest service received positive market feedback, leading to a further increase in customer engagement, with a 17% QoQ growth in net asset inflow in the third quarter. The Company was also honored with the &#34;2023 Outstanding Value – International Share Trading Award&#34; by financial media Canstar. In New Zealand, the Company&#39;s auto-invest and fractional share features, known for their cost-effectiveness and convenience, saw a 56.6% and 106.0% QoQ increase, respectively, in local trading accounts in Q3. The Company also awarded the &#34; Favourite Low-Cost Shares Platform&#34; by local media Moneyhub.<br/></p><p style=\"text-align: left;\"><strong><em>TigerGPT received acclaim; wealth management business shows strong Q3 growth with a 69% AUM increase</em></strong></p><p style=\"text-align: left;\">In the third quarter, commission income reached US$23.2 million, a 5.3% sequential increase, and interest-related income climbed to US$41.6 million, marking a QoQ increase of approximately 5.9%. The Tiger Trade app introduced the Options Channel, covering market trends, top 0DTE options, top options, bulk orders, and option learning, providing users with comprehensive information. Additionally, the Hong Kong ETF page was launched, consolidating index ETFs, ETF rankings, and community information to enhance efficient investment opportunities.</p><p style=\"text-align: left;\">During this quarter, TigerGPT, the text-generating AI chatbot, seamlessly integrated with the Tiger community, enabling users to directly engage and ask questions to TigerGPT within the community. In October, TigerGPT successfully launched its web version, providing users with convenient browser access to the service. To date, TigerGPT has addressed over 100,000 user questions, spanning information interpretation, market queries, and financial report analysis, with over 80% of the answers referencing real-time financial data from Tiger Trade. With a user satisfaction rate of 80%, TigerGPT has emerged as a highly favored intelligent investment assistant on a global scale.</p><p style=\"text-align: left;\">The wealth management business demonstrated rapid growth, with a 68.7% QoQ increase in AUM and a 27.9% QoQ increase in the number of users. Among the newly funded clients in Q3, an average of 14 out of 100 clients availed the Company&#39;s wealth management services, indicating a continuous increase in client penetration. Leveraging the team&#39;s precise product selection capability, the &#34;Tiger Vault,&#34; a cash management product, achieved a 7-day annualised return of 5.6%*, garnering global popularity. Consequently, during the quarter, the number of &#34;Tiger Vault&#34; users surged by 29.4% QoQ, and AUM witnessed an impressive 73.3% QoQ increase. Concurrently, the Company expanded and strengthened collaborations with globally renowned asset management institutions such as Barclays and M&amp;G Investments, enriching product types to cater to diverse investment needs.</p><p style=\"text-align: left;\"><strong><em>Underwriting several US and Hong Kong IPOs; Introduction of equity incentive management system for unlisted enterprises</em></strong></p><p style=\"text-align: left;\">During the reporting period, UP Fintech&#39;s other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), amounted to US$5.4 million. Solidifying its standing as the go-to underwriting partner for listings on both the Hong Kong and US stock exchanges, the Company underwrote or served as a selling group for five IPOs, including Adlai, Keep, and Fourth Paradigm in the third quarter.</p><p style=\"text-align: left;\">On the ESOP front, the Company&#39;s brand UponeShare added 27 new corporate clients during the quarter, with a 32.1% YoY growth in the signing amount for new clients. The ESOP system underwent a restructuring and upgrade during the quarter, with the fully digital system opening for unlisted enterprises, allowing them to apply for the experience online. The system now offers four versions covering different stages of growth for enterprises in the A-share, Hong Kong, and US capital markets.</p><p></p><p style=\"text-align: left;\"><em>*According to the calculation based on the 2023 Singapore resident population.</em></p><p style=\"text-align: left;\"><em>**Data source: Bloomberg, flagship product: [USD]HK0000862265; Data as of 2023/10/25</em></p><p style=\"text-align: left;\"> </p><p style=\"text-align: left;\"><strong><u>About UP Fintech</u></strong></p><p style=\"text-align: left;\">UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.</p><p style=\"text-align: left;\">Founded in 2014, the Company relentlessly offers a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.<br/>UP Fintech strives to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds in tech, we develop our own technology infrastructure — an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p style=\"text-align: left;\">In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 10 million users and more than 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 74 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and Mainland China.</p><p style=\"text-align: left;\">For more information about UP Fintech as a Company, please visit itigerup.com.</p><p style=\"text-align: left;\">For media inquiries, please contact press@itiger.com</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146003962","content_text":"Singapore and New York, Nov 27, 2023 — UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), a leading online brokerage firm committed to redefining global investing through next-generation technologies, today announced its unaudited financial results for the third quarter ended September 30, 2023. In the third quarter, the Company achieved a revenue of US$70.1 million, a QoQ increase of 6.2%, and a YoY increase of 26.6%. The non-GAAP net income for the quarter was $16 million, representing a QoQ growth of 4.3% and a YoY increase of 141.1%. The non-GAAP net income for the first three quarters of 2023 reached US$42 million, surpassing the sum of the company's non-GAAP net income for the past two years.In the third quarter, UP Fintech added 28,803 new global account holders, bringing the total to 2.15 million. Funded accounts increased by 24,604, reaching approximately 865,500, marking a 14.8% YoY growth. The total account balance amounted to approximately US$18.9 billion, reflecting a 45.7% YoY increase, with net asset inflows exceeding US$1.5 billion during the quarter.Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated, \"In the third quarter, the company achieved robust business growth, with both revenue and net profit experiencing QoQ and YoY growth. Our market share in Singapore continues to expand, marked by a continual increase in new funded clients. Presently, approximately one out of every three residents in Singapore has utilised Tiger Trade*. Meanwhile, customer retention in Sinagpore remains high and we saw consistent average net asset inflows in the third quarter from each cohort of existing clients acquired from previous quarters. In other international markets such as Hong Kong and Australia, the Company's recognition has further increased, and we have received multiple awards locally.\"\"As a user-centric brokerage, we consistently introduce new products and features to cater to the diverse needs of investors. For example, in this quarter, we launched the Trading Sparks feature, enabling users to share their trading activities in real-time or subscribe to track the buying and selling actions of others. This creates an environment for investors to expand their investment horizons through communication and inspiration sharing. While solidifying our strengths in stock trading services, we recently introduced the US stock multi-leg options feature, to provide a more convenient and efficient options trading experience for more advanced options investors. Our goal is to become the preferred trading platform for a broader range of options investors as well.\" Continued leadership in Singapore; Hong Kong sees a 70% increase in customer balancesUP Fintech continues to solidify its leadership position in Singapore, with a 14.2% QoQ increase in newly funded clients and an average net asset inflows of US$10,000 per newly acquired client in the third quarter. On the product front, the Company introduced the multi-leg options details page which aims to help investors better understand and manage their multi-leg options investment strategy. The platform's options features are gaining traction, with an increase in the number of options trading accounts and positions in Singapore during Q3. Recognizing UP Fintech's commitment to excellence, The Straits Times has bestowed upon the company the Singapore Best Customer Service award. Moreover, the Securities Investors Association Singapore (SIAS) has honored UP Fintech with the award of Best Retail Broker 2023. Additionally, Tiger Fund Management (TFM), an affiliate of Tiger Brokers (Singapore), secured over SGD$300 million of assets under management (AUM), and has inked a memorandum of understanding with Tiger Brokers (Singapore) and Yuanta Securities (Hong Kong) to collaborate on a variety of products and services, including the launch of a money market fund in late 2023.In Hong Kong, the Company experienced steady growth, with a 69.6% QoQ increase in customer balances and a 59.0% QoQ increase in trading clients by the end of the quarter. UP Fintech introduced bond subscription services, encouraging users to subscribe to green bonds with various discounts to promote green finance in Hong Kong. Additionally, UP Fintech launched educational courses such as \"Advanced Class for Hong Kong ETFs\" and \"Investment Strategies for Hong Kong ETFs\" to bolster financial literacy among local investors. Recognizing its quality product and services, the Company received the \"No. 1 Online Securities Investment Platform Award\" from Headline Daily, as well as the \"Outstanding Technology Broker Award\" from CHKCI and Metro Broadcast.In Australia, the Company's innovative uninvested cash interest service received positive market feedback, leading to a further increase in customer engagement, with a 17% QoQ growth in net asset inflow in the third quarter. The Company was also honored with the \"2023 Outstanding Value – International Share Trading Award\" by financial media Canstar. In New Zealand, the Company's auto-invest and fractional share features, known for their cost-effectiveness and convenience, saw a 56.6% and 106.0% QoQ increase, respectively, in local trading accounts in Q3. The Company also awarded the \" Favourite Low-Cost Shares Platform\" by local media Moneyhub.TigerGPT received acclaim; wealth management business shows strong Q3 growth with a 69% AUM increaseIn the third quarter, commission income reached US$23.2 million, a 5.3% sequential increase, and interest-related income climbed to US$41.6 million, marking a QoQ increase of approximately 5.9%. The Tiger Trade app introduced the Options Channel, covering market trends, top 0DTE options, top options, bulk orders, and option learning, providing users with comprehensive information. Additionally, the Hong Kong ETF page was launched, consolidating index ETFs, ETF rankings, and community information to enhance efficient investment opportunities.During this quarter, TigerGPT, the text-generating AI chatbot, seamlessly integrated with the Tiger community, enabling users to directly engage and ask questions to TigerGPT within the community. In October, TigerGPT successfully launched its web version, providing users with convenient browser access to the service. To date, TigerGPT has addressed over 100,000 user questions, spanning information interpretation, market queries, and financial report analysis, with over 80% of the answers referencing real-time financial data from Tiger Trade. With a user satisfaction rate of 80%, TigerGPT has emerged as a highly favored intelligent investment assistant on a global scale.The wealth management business demonstrated rapid growth, with a 68.7% QoQ increase in AUM and a 27.9% QoQ increase in the number of users. Among the newly funded clients in Q3, an average of 14 out of 100 clients availed the Company's wealth management services, indicating a continuous increase in client penetration. Leveraging the team's precise product selection capability, the \"Tiger Vault,\" a cash management product, achieved a 7-day annualised return of 5.6%*, garnering global popularity. Consequently, during the quarter, the number of \"Tiger Vault\" users surged by 29.4% QoQ, and AUM witnessed an impressive 73.3% QoQ increase. Concurrently, the Company expanded and strengthened collaborations with globally renowned asset management institutions such as Barclays and M&G Investments, enriching product types to cater to diverse investment needs.Underwriting several US and Hong Kong IPOs; Introduction of equity incentive management system for unlisted enterprisesDuring the reporting period, UP Fintech's other revenues, encompassing services such as investment banking and Employee Stock Ownership Plan (ESOP), amounted to US$5.4 million. Solidifying its standing as the go-to underwriting partner for listings on both the Hong Kong and US stock exchanges, the Company underwrote or served as a selling group for five IPOs, including Adlai, Keep, and Fourth Paradigm in the third quarter.On the ESOP front, the Company's brand UponeShare added 27 new corporate clients during the quarter, with a 32.1% YoY growth in the signing amount for new clients. The ESOP system underwent a restructuring and upgrade during the quarter, with the fully digital system opening for unlisted enterprises, allowing them to apply for the experience online. The system now offers four versions covering different stages of growth for enterprises in the A-share, Hong Kong, and US capital markets.*According to the calculation based on the 2023 Singapore resident population.**Data source: Bloomberg, flagship product: [USD]HK0000862265; Data as of 2023/10/25 About UP FintechUP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage firm with a focus on redefining global investing with technologies for the next generation.Founded in 2014, the Company relentlessly offers a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.UP Fintech strives to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds in tech, we develop our own technology infrastructure — an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.In March 2019,  UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 10 million users and more than 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 74 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong, Australia, and Mainland China.For more information about UP Fintech as a Company, please visit itigerup.com.For media inquiries, please contact press@itiger.com","news_type":1,"symbols_score_info":{"TIGR":1.1}},"isVote":1,"tweetType":1,"viewCount":2067,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9968874021,"gmtCreate":1669193636764,"gmtModify":1676538165355,"author":{"id":"4112921034112752","authorId":"4112921034112752","name":"Angellee24","avatar":"https://community-static.tradeup.com/news/d7824f565322d8faca74cd5f880fb944","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112921034112752","idStr":"4112921034112752"},"themes":[],"htmlText":"Well done tiger.","listText":"Well done tiger.","text":"Well done tiger.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9968874021","repostId":"1146860364","repostType":4,"repost":{"id":"1146860364","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1669190411,"share":"https://ttm.financial/m/news/1146860364?lang=&edition=fundamental","pubTime":"2022-11-23 16:00","market":"us","language":"en","title":"UP Fintech Posts US$55.41 Million for 2022 Q3 Revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=1146860364","media":"Tiger Newspress","summary":"About one-fifth of new customers with deposits are from Australia and New Zealand, indicating growin","content":"<html><head></head><body><ul><li>About one-fifth of new customers with deposits are from Australia and New Zealand, indicating growing local recognition</li></ul><ul><li>Average net deposit of newly acquired clients surpasses US$11,000 in Singapore, a sign of deepening trust</li></ul><p><a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata=%7B%22liveId%22:%2216690156664297%22,%22type%22:0%7D\" target=\"_blank\">Live: Tiger Brokers Q3 2022 Earnings Conference Call</a></p><p><b>Singapore and New York, November 23, 2022 — UP Fintech Holding Limited</b> (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the three months ended September 30, 2022.</p><p>During the period, the company&#39;s revenue reached US$55.41 million, with the net income attributable to UP Fintech turning positive to US$3.34 million, and non-GAAP net income reaching US$6.63 million, up 91.3% quarter-over-quarter.</p><p>During the third quarter, the number of new customer accounts increased by 35,400, totaling 1.97 million globally, up 11.5% from the same quarter last year. The number of new customers with deposits rose by 22,700 to 754,100, up 23.2% from the same period last year.</p><p>The total trading volume from customers stood at US$78.2 billion on the company&#39;s platform, of which US$23.5 billion was on share trading, and 7.7 million options and futures contracts were made. Net asset inflow from customers exceeded US$700 million during the third quarter, and the company retained 98% of its customers with assets during the period.</p><p>Wu Tianhua, CEO and founder of UP Fintech, said, &#34;In the third quarter, the company witnessed steady sequential growth in key indicators. Our interest-related income was up by almost 70% quarter-over-quarter amid the Federal Reserve&#39;s interest rates hikes. While thanks to further improved operational efficiency, our non-GAAP net income nearly doubled, all the more showing our resilience to global macroeconomic uncertainties. Among our global markets, in Australia and New Zealand, the public recognition of our services rose significantly, with the number of new funded clients accounting for 19% of the total worldwide.&#34;</p><p>&#34;In this quarter, we brought to global investors a fractional share feature in our flagship app Tiger Trade, offering clients with limited deposits access to premium stocks at high prices, and expanding our potential user base. Nearly all US cash equity tradings were self-cleared by our proprietary infrastructure, boosting the overall clearing efficiency and lowering the costs,&#34; Wu Tianhua added.</p><p>Wu Tianhua also revealed, &#34;Looking ahead, in the fourth quarter, we will land our services in Hong Kong, where we are committed to providing investors in this global financial center with the best possible products and services. In addition, we are dedicated to allocating our global resources effectively to serve our worldwide client base well.&#34;</p><p><b>In Singapore, average net deposit of newly acquired clients up for the second consecutive quarter</b></p><p>UP Fintech&#39;s market position in Singapore continued to consolidate with consensual trust from high-worth customers. The average net deposit of newly acquired clients has grown for the second consecutive quarter, passing the US$11,000 threshold in the third quarter, while overtaking the US$9,000 one in the previous quarter.</p><p>In terms of the products we offer, the company upgraded all Singapore-registered accounts by merging share and fund trading operations, enabling the deposit in customers&#39; margin accounts for US stocks to be directed for fund trading to alleviate their liquidity restraint.</p><p>During the period, the company&#39;s cash management services in Singapore were strategically elevated to become Tiger Vault, where customers&#39; in-account deposits can be directly for shares, options, and fund trading, as well as for IPO subscriptions, a move that facilitates the asset management flow. The brand-new Tiger Vault has received positive feedback in Singapore, where the asset under management (AUM) in total was up 120.1% quarter-over-quarter, and the number of users increased by 61.3% quarter-over-quarter. These numbers underscore the diversification we strive to offer to clients against heightened volatility.</p><p>During the third quarter, by spearheading product and technological innovations, UP Fintech bagged the &#34;Fintech - Brokerage&#34; award at the SBR Technology Excellence Awards 2022 from the Singapore Business Review. In the city state&#39;s &#34;Best Customer Service 2022/23&#34; survey conducted jointly by The Straits Times and research firm Statista, the company&#39;s excellent customer service was recognized in the trading and brokerage services sub-category, under Real Estate and Banking. As of now, in Singapore, the company keeps 21.5 hours of customer care services on a daily basis, through a combination of channels including hotline, e-mail, social media platforms, and in-app chat. The company also received &#34;Investor&#39;s Choice Awards 2022: Best Retail Broker&#34; from the Securities Investors Association (Singapore).</p><p>In Southeast Asia, the company announced its Official Sponsor status for the ongoing AFF Mitsubishi Electric Cup 2022, the region&#39;s biennial football tournament contested by 10 national &#34;A&#34; teams, a move that seeks to highlight the company&#39;s continued commitment to becoming a global local company and letting everyone in the world enjoy efficient and smart investing.</p><p><b>Nearly 20% of global new customers with deposits from Australia and New Zealand</b></p><p>In Australia and New Zealand, the company continued to gain momentum. In the reporting period, client acquisition sped up, with nearly 20% of all global new funded customers from the two markets. In-app feature-wise, PayID was accepted to deposit Tiger accounts in Australia in an offering to shorten the processing time. The new feature allows customers to enjoy real-time deposits all year round.</p><p>During the two quarters since the company&#39;s entry into Australia, its flagship Tiger Trade app has been trusted by more local customers. In the third quarter, the company captured the winner position in three categories including &#34;Best for Australian investors&#34;, &#34;People&#39;s choice&#34;, and &#34;Best for ETFs&#34;, from the well-known investing media outlet WeMoney.</p><p><b>Global expansion never ceases</b></p><p>The company is also ready to announce its expansion into Hong Kong starting in December, bringing the best possible smart global investing experience to investors in this global financial center. UP Fintech&#39;s subsidiary in Hong Kong holds Type I, II, IV and V licenses from the Securities and Futures Commission, qualifying the company to deal in and advise on securities and futures contracts. In total, the company holds 11 licenses and qualifications in Hong Kong.</p><p><b>US fractional share trading function lowers investing threshold</b></p><p><b>Self-developed infrastructure bears fruit</b></p><p>In the third quarter, the company&#39;s gross commission income stood at US$24.5 million, along with the interest-related income up 68.8% quarter-over-quarter to US$26.9 million.</p><p>As the company&#39;s global expansion goes deep, we remain zoomed in on investing in research and development. During the period, nearly all US cash equity tradings were self-cleared.</p><p>During the reporting period, UP Fintech launched US fractional share trading, a new feature that now supports all S&amp;P 500 stocks, removes the 1 share minimum trading unit, and lowers the trading starting point to as little as US$5. While beginner-friendly, fractional share trading&#39;s low threshold also offers an engaging global investing experience to more investors by diversifying their portfolios in a more flexible way.</p><p>In the meantime, mobile app features such as options combination analysis tools, most sought-after industries, and lists of ETFs for major markets were put on live. Among new PC/desktop features, time-weighted average price (TWAP) and volume-weighted average price (VWAP) orders were presented. With attached order and conditional order functions available, investors are able to analyze and grasp the investing trends in a timely manner.</p><p>During the period, the demand for wealth management services continued to grow steadily. The number of customers increased by 37.7% quarter-over-quarter, and the asset under management (AUM) was up by 50.8% quarter-over-quarter. The number of Fund Mall users increased by 35% quarter-over-quarter, and AUM was up by 72.7% quarter-over-quarter. Cash management products saw the number of users up by 40.2% quarter-over-quarter, and AUM up by 35.8% quarter-over-quarter.</p><p>On the investor education side, UP Fintech relentlessly promoted financial knowledge in a move to help investors adjust themselves to the volatile investing environment. During the period, the company broadcast 112 live sessions, covering a wide range of content from diving into companies&#39; earnings results, to deep analysis of various industries and companies. Over 40% of the content was specially tailored for global investors in different markets.</p><p>As of September 30, in Singapore, UP Fintech held a series of joint live broadcasts online with the Singapore Exchange, and was participated by analysts from institutions such as Standard Chartered Bank and Société Générale for their market insights. These live sessions, which have become the platform&#39;s signature content, were widely accoladed by investors. In Australia, industry analysis covering the most sought-after industries including mining, pharmaceuticals, and technology was well received, helping more local investors make better informed financial decisions, and boosting the content penetration rate to 50%.</p><p><b>Investment banking services take the lead in US IPO underwriting</b></p><p><b>ESOP business spins off with strategic investors involved</b></p><p>During the reporting period, other revenues, including investment banking and employee stock ownership plan (ESOP), reached US$4 million. The company participated in 12 Hong Kong and US IPOs, served as an underwriter in 11 of these listings, and was the lead bank in 2 US IPOs.</p><p>In the first three quarters of this year, third-party data shows that UP Fintech ranked third among all global brokerages, with 18 US IPO underwriting, and fourth by the offering size. In terms of special purpose acquisition company (SPAC) underwriting, the company ranked second globally by the offering scale of projects underwritten.</p><p>The company also honed its research capabilities by issuing 19 research reports on various sectors including e-commerce, internet, entertainment, auto-making, and cryptocurrency, indicating its in-depth analysis expertise.</p><p>UP Fintech signed 29 ESOP clients during the period, with the number of total clients added up to 393, a year-over-year increase of 50%. The primary market also resonated with the ESOP business&#39;s stellar prospects. During the quarter, strategic investors were involved in completing ESOP&#39;s angel round financing. The business is scheduled to spin off under the new brand &#34;UponeShare&#34; in the fourth quarter, with a vision of promoting digital transformation in equity management.</p><p>In this quarter, dozens of companies including Tim Hortons, Leapmotor, AIM Vaccine, and Jenscare became part of the Tiger Community, and opened enterprise accounts.</p><p>On the corporate social responsibility front, the company collaborated with WWF-Singapore on International Tiger Day to raise awareness about wildlife conservation.</p><p><b>About UP Fintech</b></p><p>UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technology for the next generation.</p><p>Founded in 2014, we relentlessly offer a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.</p><p>We strive to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p>In March 2019, UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and about 2 million account holders worldwide on our flagship platform &#34;Tiger Trade&#34;, own 63 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong Australia, and China.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech Posts US$55.41 Million for 2022 Q3 Revenue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech Posts US$55.41 Million for 2022 Q3 Revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-11-23 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>About one-fifth of new customers with deposits are from Australia and New Zealand, indicating growing local recognition</li></ul><ul><li>Average net deposit of newly acquired clients surpasses US$11,000 in Singapore, a sign of deepening trust</li></ul><p><a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata=%7B%22liveId%22:%2216690156664297%22,%22type%22:0%7D\" target=\"_blank\">Live: Tiger Brokers Q3 2022 Earnings Conference Call</a></p><p><b>Singapore and New York, November 23, 2022 — UP Fintech Holding Limited</b> (&#34;UP Fintech&#34; or the &#34;Company&#34;, Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the three months ended September 30, 2022.</p><p>During the period, the company&#39;s revenue reached US$55.41 million, with the net income attributable to UP Fintech turning positive to US$3.34 million, and non-GAAP net income reaching US$6.63 million, up 91.3% quarter-over-quarter.</p><p>During the third quarter, the number of new customer accounts increased by 35,400, totaling 1.97 million globally, up 11.5% from the same quarter last year. The number of new customers with deposits rose by 22,700 to 754,100, up 23.2% from the same period last year.</p><p>The total trading volume from customers stood at US$78.2 billion on the company&#39;s platform, of which US$23.5 billion was on share trading, and 7.7 million options and futures contracts were made. Net asset inflow from customers exceeded US$700 million during the third quarter, and the company retained 98% of its customers with assets during the period.</p><p>Wu Tianhua, CEO and founder of UP Fintech, said, &#34;In the third quarter, the company witnessed steady sequential growth in key indicators. Our interest-related income was up by almost 70% quarter-over-quarter amid the Federal Reserve&#39;s interest rates hikes. While thanks to further improved operational efficiency, our non-GAAP net income nearly doubled, all the more showing our resilience to global macroeconomic uncertainties. Among our global markets, in Australia and New Zealand, the public recognition of our services rose significantly, with the number of new funded clients accounting for 19% of the total worldwide.&#34;</p><p>&#34;In this quarter, we brought to global investors a fractional share feature in our flagship app Tiger Trade, offering clients with limited deposits access to premium stocks at high prices, and expanding our potential user base. Nearly all US cash equity tradings were self-cleared by our proprietary infrastructure, boosting the overall clearing efficiency and lowering the costs,&#34; Wu Tianhua added.</p><p>Wu Tianhua also revealed, &#34;Looking ahead, in the fourth quarter, we will land our services in Hong Kong, where we are committed to providing investors in this global financial center with the best possible products and services. In addition, we are dedicated to allocating our global resources effectively to serve our worldwide client base well.&#34;</p><p><b>In Singapore, average net deposit of newly acquired clients up for the second consecutive quarter</b></p><p>UP Fintech&#39;s market position in Singapore continued to consolidate with consensual trust from high-worth customers. The average net deposit of newly acquired clients has grown for the second consecutive quarter, passing the US$11,000 threshold in the third quarter, while overtaking the US$9,000 one in the previous quarter.</p><p>In terms of the products we offer, the company upgraded all Singapore-registered accounts by merging share and fund trading operations, enabling the deposit in customers&#39; margin accounts for US stocks to be directed for fund trading to alleviate their liquidity restraint.</p><p>During the period, the company&#39;s cash management services in Singapore were strategically elevated to become Tiger Vault, where customers&#39; in-account deposits can be directly for shares, options, and fund trading, as well as for IPO subscriptions, a move that facilitates the asset management flow. The brand-new Tiger Vault has received positive feedback in Singapore, where the asset under management (AUM) in total was up 120.1% quarter-over-quarter, and the number of users increased by 61.3% quarter-over-quarter. These numbers underscore the diversification we strive to offer to clients against heightened volatility.</p><p>During the third quarter, by spearheading product and technological innovations, UP Fintech bagged the &#34;Fintech - Brokerage&#34; award at the SBR Technology Excellence Awards 2022 from the Singapore Business Review. In the city state&#39;s &#34;Best Customer Service 2022/23&#34; survey conducted jointly by The Straits Times and research firm Statista, the company&#39;s excellent customer service was recognized in the trading and brokerage services sub-category, under Real Estate and Banking. As of now, in Singapore, the company keeps 21.5 hours of customer care services on a daily basis, through a combination of channels including hotline, e-mail, social media platforms, and in-app chat. The company also received &#34;Investor&#39;s Choice Awards 2022: Best Retail Broker&#34; from the Securities Investors Association (Singapore).</p><p>In Southeast Asia, the company announced its Official Sponsor status for the ongoing AFF Mitsubishi Electric Cup 2022, the region&#39;s biennial football tournament contested by 10 national &#34;A&#34; teams, a move that seeks to highlight the company&#39;s continued commitment to becoming a global local company and letting everyone in the world enjoy efficient and smart investing.</p><p><b>Nearly 20% of global new customers with deposits from Australia and New Zealand</b></p><p>In Australia and New Zealand, the company continued to gain momentum. In the reporting period, client acquisition sped up, with nearly 20% of all global new funded customers from the two markets. In-app feature-wise, PayID was accepted to deposit Tiger accounts in Australia in an offering to shorten the processing time. The new feature allows customers to enjoy real-time deposits all year round.</p><p>During the two quarters since the company&#39;s entry into Australia, its flagship Tiger Trade app has been trusted by more local customers. In the third quarter, the company captured the winner position in three categories including &#34;Best for Australian investors&#34;, &#34;People&#39;s choice&#34;, and &#34;Best for ETFs&#34;, from the well-known investing media outlet WeMoney.</p><p><b>Global expansion never ceases</b></p><p>The company is also ready to announce its expansion into Hong Kong starting in December, bringing the best possible smart global investing experience to investors in this global financial center. UP Fintech&#39;s subsidiary in Hong Kong holds Type I, II, IV and V licenses from the Securities and Futures Commission, qualifying the company to deal in and advise on securities and futures contracts. In total, the company holds 11 licenses and qualifications in Hong Kong.</p><p><b>US fractional share trading function lowers investing threshold</b></p><p><b>Self-developed infrastructure bears fruit</b></p><p>In the third quarter, the company&#39;s gross commission income stood at US$24.5 million, along with the interest-related income up 68.8% quarter-over-quarter to US$26.9 million.</p><p>As the company&#39;s global expansion goes deep, we remain zoomed in on investing in research and development. During the period, nearly all US cash equity tradings were self-cleared.</p><p>During the reporting period, UP Fintech launched US fractional share trading, a new feature that now supports all S&amp;P 500 stocks, removes the 1 share minimum trading unit, and lowers the trading starting point to as little as US$5. While beginner-friendly, fractional share trading&#39;s low threshold also offers an engaging global investing experience to more investors by diversifying their portfolios in a more flexible way.</p><p>In the meantime, mobile app features such as options combination analysis tools, most sought-after industries, and lists of ETFs for major markets were put on live. Among new PC/desktop features, time-weighted average price (TWAP) and volume-weighted average price (VWAP) orders were presented. With attached order and conditional order functions available, investors are able to analyze and grasp the investing trends in a timely manner.</p><p>During the period, the demand for wealth management services continued to grow steadily. The number of customers increased by 37.7% quarter-over-quarter, and the asset under management (AUM) was up by 50.8% quarter-over-quarter. The number of Fund Mall users increased by 35% quarter-over-quarter, and AUM was up by 72.7% quarter-over-quarter. Cash management products saw the number of users up by 40.2% quarter-over-quarter, and AUM up by 35.8% quarter-over-quarter.</p><p>On the investor education side, UP Fintech relentlessly promoted financial knowledge in a move to help investors adjust themselves to the volatile investing environment. During the period, the company broadcast 112 live sessions, covering a wide range of content from diving into companies&#39; earnings results, to deep analysis of various industries and companies. Over 40% of the content was specially tailored for global investors in different markets.</p><p>As of September 30, in Singapore, UP Fintech held a series of joint live broadcasts online with the Singapore Exchange, and was participated by analysts from institutions such as Standard Chartered Bank and Société Générale for their market insights. These live sessions, which have become the platform&#39;s signature content, were widely accoladed by investors. In Australia, industry analysis covering the most sought-after industries including mining, pharmaceuticals, and technology was well received, helping more local investors make better informed financial decisions, and boosting the content penetration rate to 50%.</p><p><b>Investment banking services take the lead in US IPO underwriting</b></p><p><b>ESOP business spins off with strategic investors involved</b></p><p>During the reporting period, other revenues, including investment banking and employee stock ownership plan (ESOP), reached US$4 million. The company participated in 12 Hong Kong and US IPOs, served as an underwriter in 11 of these listings, and was the lead bank in 2 US IPOs.</p><p>In the first three quarters of this year, third-party data shows that UP Fintech ranked third among all global brokerages, with 18 US IPO underwriting, and fourth by the offering size. In terms of special purpose acquisition company (SPAC) underwriting, the company ranked second globally by the offering scale of projects underwritten.</p><p>The company also honed its research capabilities by issuing 19 research reports on various sectors including e-commerce, internet, entertainment, auto-making, and cryptocurrency, indicating its in-depth analysis expertise.</p><p>UP Fintech signed 29 ESOP clients during the period, with the number of total clients added up to 393, a year-over-year increase of 50%. The primary market also resonated with the ESOP business&#39;s stellar prospects. During the quarter, strategic investors were involved in completing ESOP&#39;s angel round financing. The business is scheduled to spin off under the new brand &#34;UponeShare&#34; in the fourth quarter, with a vision of promoting digital transformation in equity management.</p><p>In this quarter, dozens of companies including Tim Hortons, Leapmotor, AIM Vaccine, and Jenscare became part of the Tiger Community, and opened enterprise accounts.</p><p>On the corporate social responsibility front, the company collaborated with WWF-Singapore on International Tiger Day to raise awareness about wildlife conservation.</p><p><b>About UP Fintech</b></p><p>UP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technology for the next generation.</p><p>Founded in 2014, we relentlessly offer a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.</p><p>We strive to elevate financial technology R&amp;D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.</p><p>In March 2019, UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and about 2 million account holders worldwide on our flagship platform &#34;Tiger Trade&#34;, own 63 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong Australia, and China.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146860364","content_text":"About one-fifth of new customers with deposits are from Australia and New Zealand, indicating growing local recognitionAverage net deposit of newly acquired clients surpasses US$11,000 in Singapore, a sign of deepening trustLive: Tiger Brokers Q3 2022 Earnings Conference CallSingapore and New York, November 23, 2022 — UP Fintech Holding Limited (\"UP Fintech\" or the \"Company\", Nasdaq: TIGR, and all its subsidiaries and consolidated entities), an online brokerage with a focus on redefining global investing with technologies for the next generation, announced its unaudited financial results for the three months ended September 30, 2022.During the period, the company's revenue reached US$55.41 million, with the net income attributable to UP Fintech turning positive to US$3.34 million, and non-GAAP net income reaching US$6.63 million, up 91.3% quarter-over-quarter.During the third quarter, the number of new customer accounts increased by 35,400, totaling 1.97 million globally, up 11.5% from the same quarter last year. The number of new customers with deposits rose by 22,700 to 754,100, up 23.2% from the same period last year.The total trading volume from customers stood at US$78.2 billion on the company's platform, of which US$23.5 billion was on share trading, and 7.7 million options and futures contracts were made. Net asset inflow from customers exceeded US$700 million during the third quarter, and the company retained 98% of its customers with assets during the period.Wu Tianhua, CEO and founder of UP Fintech, said, \"In the third quarter, the company witnessed steady sequential growth in key indicators. Our interest-related income was up by almost 70% quarter-over-quarter amid the Federal Reserve's interest rates hikes. While thanks to further improved operational efficiency, our non-GAAP net income nearly doubled, all the more showing our resilience to global macroeconomic uncertainties. Among our global markets, in Australia and New Zealand, the public recognition of our services rose significantly, with the number of new funded clients accounting for 19% of the total worldwide.\"\"In this quarter, we brought to global investors a fractional share feature in our flagship app Tiger Trade, offering clients with limited deposits access to premium stocks at high prices, and expanding our potential user base. Nearly all US cash equity tradings were self-cleared by our proprietary infrastructure, boosting the overall clearing efficiency and lowering the costs,\" Wu Tianhua added.Wu Tianhua also revealed, \"Looking ahead, in the fourth quarter, we will land our services in Hong Kong, where we are committed to providing investors in this global financial center with the best possible products and services. In addition, we are dedicated to allocating our global resources effectively to serve our worldwide client base well.\"In Singapore, average net deposit of newly acquired clients up for the second consecutive quarterUP Fintech's market position in Singapore continued to consolidate with consensual trust from high-worth customers. The average net deposit of newly acquired clients has grown for the second consecutive quarter, passing the US$11,000 threshold in the third quarter, while overtaking the US$9,000 one in the previous quarter.In terms of the products we offer, the company upgraded all Singapore-registered accounts by merging share and fund trading operations, enabling the deposit in customers' margin accounts for US stocks to be directed for fund trading to alleviate their liquidity restraint.During the period, the company's cash management services in Singapore were strategically elevated to become Tiger Vault, where customers' in-account deposits can be directly for shares, options, and fund trading, as well as for IPO subscriptions, a move that facilitates the asset management flow. The brand-new Tiger Vault has received positive feedback in Singapore, where the asset under management (AUM) in total was up 120.1% quarter-over-quarter, and the number of users increased by 61.3% quarter-over-quarter. These numbers underscore the diversification we strive to offer to clients against heightened volatility.During the third quarter, by spearheading product and technological innovations, UP Fintech bagged the \"Fintech - Brokerage\" award at the SBR Technology Excellence Awards 2022 from the Singapore Business Review. In the city state's \"Best Customer Service 2022/23\" survey conducted jointly by The Straits Times and research firm Statista, the company's excellent customer service was recognized in the trading and brokerage services sub-category, under Real Estate and Banking. As of now, in Singapore, the company keeps 21.5 hours of customer care services on a daily basis, through a combination of channels including hotline, e-mail, social media platforms, and in-app chat. The company also received \"Investor's Choice Awards 2022: Best Retail Broker\" from the Securities Investors Association (Singapore).In Southeast Asia, the company announced its Official Sponsor status for the ongoing AFF Mitsubishi Electric Cup 2022, the region's biennial football tournament contested by 10 national \"A\" teams, a move that seeks to highlight the company's continued commitment to becoming a global local company and letting everyone in the world enjoy efficient and smart investing.Nearly 20% of global new customers with deposits from Australia and New ZealandIn Australia and New Zealand, the company continued to gain momentum. In the reporting period, client acquisition sped up, with nearly 20% of all global new funded customers from the two markets. In-app feature-wise, PayID was accepted to deposit Tiger accounts in Australia in an offering to shorten the processing time. The new feature allows customers to enjoy real-time deposits all year round.During the two quarters since the company's entry into Australia, its flagship Tiger Trade app has been trusted by more local customers. In the third quarter, the company captured the winner position in three categories including \"Best for Australian investors\", \"People's choice\", and \"Best for ETFs\", from the well-known investing media outlet WeMoney.Global expansion never ceasesThe company is also ready to announce its expansion into Hong Kong starting in December, bringing the best possible smart global investing experience to investors in this global financial center. UP Fintech's subsidiary in Hong Kong holds Type I, II, IV and V licenses from the Securities and Futures Commission, qualifying the company to deal in and advise on securities and futures contracts. In total, the company holds 11 licenses and qualifications in Hong Kong.US fractional share trading function lowers investing thresholdSelf-developed infrastructure bears fruitIn the third quarter, the company's gross commission income stood at US$24.5 million, along with the interest-related income up 68.8% quarter-over-quarter to US$26.9 million.As the company's global expansion goes deep, we remain zoomed in on investing in research and development. During the period, nearly all US cash equity tradings were self-cleared.During the reporting period, UP Fintech launched US fractional share trading, a new feature that now supports all S&P 500 stocks, removes the 1 share minimum trading unit, and lowers the trading starting point to as little as US$5. While beginner-friendly, fractional share trading's low threshold also offers an engaging global investing experience to more investors by diversifying their portfolios in a more flexible way.In the meantime, mobile app features such as options combination analysis tools, most sought-after industries, and lists of ETFs for major markets were put on live. Among new PC/desktop features, time-weighted average price (TWAP) and volume-weighted average price (VWAP) orders were presented. With attached order and conditional order functions available, investors are able to analyze and grasp the investing trends in a timely manner.During the period, the demand for wealth management services continued to grow steadily. The number of customers increased by 37.7% quarter-over-quarter, and the asset under management (AUM) was up by 50.8% quarter-over-quarter. The number of Fund Mall users increased by 35% quarter-over-quarter, and AUM was up by 72.7% quarter-over-quarter. Cash management products saw the number of users up by 40.2% quarter-over-quarter, and AUM up by 35.8% quarter-over-quarter.On the investor education side, UP Fintech relentlessly promoted financial knowledge in a move to help investors adjust themselves to the volatile investing environment. During the period, the company broadcast 112 live sessions, covering a wide range of content from diving into companies' earnings results, to deep analysis of various industries and companies. Over 40% of the content was specially tailored for global investors in different markets.As of September 30, in Singapore, UP Fintech held a series of joint live broadcasts online with the Singapore Exchange, and was participated by analysts from institutions such as Standard Chartered Bank and Société Générale for their market insights. These live sessions, which have become the platform's signature content, were widely accoladed by investors. In Australia, industry analysis covering the most sought-after industries including mining, pharmaceuticals, and technology was well received, helping more local investors make better informed financial decisions, and boosting the content penetration rate to 50%.Investment banking services take the lead in US IPO underwritingESOP business spins off with strategic investors involvedDuring the reporting period, other revenues, including investment banking and employee stock ownership plan (ESOP), reached US$4 million. The company participated in 12 Hong Kong and US IPOs, served as an underwriter in 11 of these listings, and was the lead bank in 2 US IPOs.In the first three quarters of this year, third-party data shows that UP Fintech ranked third among all global brokerages, with 18 US IPO underwriting, and fourth by the offering size. In terms of special purpose acquisition company (SPAC) underwriting, the company ranked second globally by the offering scale of projects underwritten.The company also honed its research capabilities by issuing 19 research reports on various sectors including e-commerce, internet, entertainment, auto-making, and cryptocurrency, indicating its in-depth analysis expertise.UP Fintech signed 29 ESOP clients during the period, with the number of total clients added up to 393, a year-over-year increase of 50%. The primary market also resonated with the ESOP business's stellar prospects. During the quarter, strategic investors were involved in completing ESOP's angel round financing. The business is scheduled to spin off under the new brand \"UponeShare\" in the fourth quarter, with a vision of promoting digital transformation in equity management.In this quarter, dozens of companies including Tim Hortons, Leapmotor, AIM Vaccine, and Jenscare became part of the Tiger Community, and opened enterprise accounts.On the corporate social responsibility front, the company collaborated with WWF-Singapore on International Tiger Day to raise awareness about wildlife conservation.About UP FintechUP Fintech Holding Limited (Nasdaq: TIGR), also known as Tiger Brokers, is a leading online brokerage with a focus on redefining global investing with technology for the next generation.Founded in 2014, we relentlessly offer a superior user experience in pursuit of becoming a world-leading online brokerage, to let everyone enjoy efficient and smart investing. Currently, we offer a multitude of quality financial products and services across brokerage, employee stock ownership plan (ESOP) management, investment banking, wealth management, investor community, and investor education.We strive to elevate financial technology R&D to a new level. While we inherit the best traditions from the financial sector and blend them with the best minds of tech experts, we develop our own technology infrastructure—an aggregation that enables multi-currency trading of various products across markets, guaranteeing our reliable, secure, and scalable services are accessible to all with low latency.In March 2019, UP Fintech was listed on Nasdaq under the ticker TIGR. As of now, we serve over 9 million users and about 2 million account holders worldwide on our flagship platform \"Tiger Trade\", own 63 licenses and qualifications in different markets, and have over 1,000 employees on the team in Singapore, New Zealand, the US, Hong Kong Australia, and China.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":1955,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939227884,"gmtCreate":1662121996948,"gmtModify":1676537002432,"author":{"id":"4112921034112752","authorId":"4112921034112752","name":"Angellee24","avatar":"https://community-static.tradeup.com/news/d7824f565322d8faca74cd5f880fb944","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112921034112752","idStr":"4112921034112752"},"themes":[],"htmlText":"Means higher inflation&nbsp;","listText":"Means higher inflation&nbsp;","text":"Means higher inflation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9939227884","repostId":"1102548250","repostType":2,"repost":{"id":"1102548250","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1662121810,"share":"https://ttm.financial/m/news/1102548250?lang=&edition=fundamental","pubTime":"2022-09-02 20:30","market":"us","language":"en","title":"Payrolls Rose 315,000 in August As Companies Keep up Hiring Pace","url":"https://stock-news.laohu8.com/highlight/detail?id=1102548250","media":"Tiger Newspress","summary":"Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment ra","content":"<html><head></head><body><p>Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday.</p><p>The economy added 315,000 jobs for the month. The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expectations and tied for the highest level of the year.</p><p>Wages continued to rise, though slightly less than expectations. Average hourly earnings increased 0.3% for the month and 5.2% from a year ago, both 0.1 percentage point below estimates.</p><p>Nevertheless, the numbers still pose a quandary for a Federal Reserve trying to get inflation under control.</p><p>Those payroll and wage gains came amid soaring inflation and concerns over a slowing economy that posted negative GDP numbers in the first two quarters of the year, generally considered a telltale sign of recession.</p><p>Inflation is running near its fastest pace in more than 40 years as a combination of a supply-demand imbalance, massive stimulus from the Fed and Congress and the war in Ukraine has sent the cost of living soaring.</p><p>The Fed has been battling the inflation problem with a series of interest rate hikes totaling 2.25% that are expected to continue into next year. In recent days, leading central bank figures have warned that they have no intention on backing off their policy tightening measures and expect that even when they stop hiking, rates will stay elevated &#34;for some time.&#34;</p><p>One key channel the Fed is looking for policy impact is the jobs market. In addition to robust hiring, job openings are outnumbering available workers by a nearly 2-to1 margin, pressuring wages and creating a feedback loop that is sending prices higher for not only gas and groceries but also shelter costs and a variety of other expenses.</p><p>U.S. stock futures were up after jobs report.</p><p>Dow e-minis were up 0.48%, S&amp;P 500 e-minis were up 0.57%, and Nasdaq 100 e-minis were up 0.65%.</p><p><img src=\"https://static.tigerbbs.com/e6bddfeca3a9d9465e98de1d674d25cd\" tg-width=\"520\" tg-height=\"230\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Payrolls Rose 315,000 in August As Companies Keep up Hiring Pace</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayrolls Rose 315,000 in August As Companies Keep up Hiring Pace\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-02 20:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday.</p><p>The economy added 315,000 jobs for the month. The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expectations and tied for the highest level of the year.</p><p>Wages continued to rise, though slightly less than expectations. Average hourly earnings increased 0.3% for the month and 5.2% from a year ago, both 0.1 percentage point below estimates.</p><p>Nevertheless, the numbers still pose a quandary for a Federal Reserve trying to get inflation under control.</p><p>Those payroll and wage gains came amid soaring inflation and concerns over a slowing economy that posted negative GDP numbers in the first two quarters of the year, generally considered a telltale sign of recession.</p><p>Inflation is running near its fastest pace in more than 40 years as a combination of a supply-demand imbalance, massive stimulus from the Fed and Congress and the war in Ukraine has sent the cost of living soaring.</p><p>The Fed has been battling the inflation problem with a series of interest rate hikes totaling 2.25% that are expected to continue into next year. In recent days, leading central bank figures have warned that they have no intention on backing off their policy tightening measures and expect that even when they stop hiking, rates will stay elevated &#34;for some time.&#34;</p><p>One key channel the Fed is looking for policy impact is the jobs market. In addition to robust hiring, job openings are outnumbering available workers by a nearly 2-to1 margin, pressuring wages and creating a feedback loop that is sending prices higher for not only gas and groceries but also shelter costs and a variety of other expenses.</p><p>U.S. stock futures were up after jobs report.</p><p>Dow e-minis were up 0.48%, S&amp;P 500 e-minis were up 0.57%, and Nasdaq 100 e-minis were up 0.65%.</p><p><img src=\"https://static.tigerbbs.com/e6bddfeca3a9d9465e98de1d674d25cd\" tg-width=\"520\" tg-height=\"230\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102548250","content_text":"Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday.The economy added 315,000 jobs for the month. The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expectations and tied for the highest level of the year.Wages continued to rise, though slightly less than expectations. Average hourly earnings increased 0.3% for the month and 5.2% from a year ago, both 0.1 percentage point below estimates.Nevertheless, the numbers still pose a quandary for a Federal Reserve trying to get inflation under control.Those payroll and wage gains came amid soaring inflation and concerns over a slowing economy that posted negative GDP numbers in the first two quarters of the year, generally considered a telltale sign of recession.Inflation is running near its fastest pace in more than 40 years as a combination of a supply-demand imbalance, massive stimulus from the Fed and Congress and the war in Ukraine has sent the cost of living soaring.The Fed has been battling the inflation problem with a series of interest rate hikes totaling 2.25% that are expected to continue into next year. In recent days, leading central bank figures have warned that they have no intention on backing off their policy tightening measures and expect that even when they stop hiking, rates will stay elevated \"for some time.\"One key channel the Fed is looking for policy impact is the jobs market. In addition to robust hiring, job openings are outnumbering available workers by a nearly 2-to1 margin, pressuring wages and creating a feedback loop that is sending prices higher for not only gas and groceries but also shelter costs and a variety of other expenses.U.S. stock futures were up after jobs report.Dow e-minis were up 0.48%, S&P 500 e-minis were up 0.57%, and Nasdaq 100 e-minis were up 0.65%.","news_type":1,"symbols_score_info":{"ESmain":0.9,"NQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2508,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9076171083,"gmtCreate":1657822772242,"gmtModify":1676536066472,"author":{"id":"4112921034112752","authorId":"4112921034112752","name":"Angellee24","avatar":"https://community-static.tradeup.com/news/d7824f565322d8faca74cd5f880fb944","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112921034112752","idStr":"4112921034112752"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LU\">$Lufax(LU)$</a>[Cry]&nbsp;","listText":"<a href=\"https://ttm.financial/S/LU\">$Lufax(LU)$</a>[Cry]&nbsp;","text":"$Lufax(LU)$[Cry]","images":[{"img":"https://community-static.tradeup.com/news/086d6198c218292a9b3b164467b7a2dd","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":1,"link":"https://ttm.financial/post/9076171083","isVote":1,"tweetType":1,"viewCount":2662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9071211469,"gmtCreate":1657536527651,"gmtModify":1676536021733,"author":{"id":"4112921034112752","authorId":"4112921034112752","name":"Angellee24","avatar":"https://community-static.tradeup.com/news/d7824f565322d8faca74cd5f880fb944","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112921034112752","idStr":"4112921034112752"},"themes":[],"htmlText":"Poor Twitter, suddenly being put under the spotlight just because of Musk.","listText":"Poor Twitter, suddenly being put under the spotlight just because of Musk.","text":"Poor Twitter, suddenly being put under the spotlight just because of Musk.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071211469","repostId":"2250390939","repostType":2,"isVote":1,"tweetType":1,"viewCount":1893,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071667826,"gmtCreate":1657523201765,"gmtModify":1676536019888,"author":{"id":"4112921034112752","authorId":"4112921034112752","name":"Angellee24","avatar":"https://community-static.tradeup.com/news/d7824f565322d8faca74cd5f880fb944","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112921034112752","idStr":"4112921034112752"},"themes":[],"htmlText":"Tonight will be stormy.","listText":"Tonight will be stormy.","text":"Tonight will be stormy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071667826","repostId":"2250451985","repostType":2,"repost":{"id":"2250451985","kind":"news","pubTimestamp":1657518034,"share":"https://ttm.financial/m/news/2250451985?lang=&edition=fundamental","pubTime":"2022-07-11 13:40","market":"hk","language":"en","title":"US Equity Futures Drop With Stocks as Dollar Jumps: Markets Wrap","url":"https://stock-news.laohu8.com/highlight/detail?id=2250451985","media":"Bloomberg","summary":"China virus woes overshadow post-election Japan stock rallyUS CPI, earnings on tap this week as trad","content":"<div>\n<p>China virus woes overshadow post-election Japan stock rallyUS CPI, earnings on tap this week as traders mull growth fearsMost Asian stocks dropped along with US equity futures Monday and the dollar ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-07-10/asia-set-for-cautious-open-as-china-tackles-covid-markets-wrap?srnd=premium\">Web Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Equity Futures Drop With Stocks as Dollar Jumps: Markets Wrap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Equity Futures Drop With Stocks as Dollar Jumps: Markets Wrap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-11 13:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-07-10/asia-set-for-cautious-open-as-china-tackles-covid-markets-wrap?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China virus woes overshadow post-election Japan stock rallyUS CPI, earnings on tap this week as traders mull growth fearsMost Asian stocks dropped along with US equity futures Monday and the dollar ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-07-10/asia-set-for-cautious-open-as-china-tackles-covid-markets-wrap?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2022-07-10/asia-set-for-cautious-open-as-china-tackles-covid-markets-wrap?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2250451985","content_text":"China virus woes overshadow post-election Japan stock rallyUS CPI, earnings on tap this week as traders mull growth fearsMost Asian stocks dropped along with US equity futures Monday and the dollar jumped as the risk of more Covid curbs in China exacerbated overarching worries about the global economic outlook.An Asian equity gauge shed about 1% amid declines in Hong Kong and China. Japan was a bright spot, buoyed by the prospect of administrative stability after the ruling coalition expanded its majority in an upper house election.A dollar gauge was back around the highest level since 2020. The yen was the weakest Group-of-10 performer, possibly because investors viewed the poll result as an endorsement of Japan’s super-easy monetary policy.Shanghai reported its first case of the highly infectious BA.5 omicron sub-variant Sunday and warned of “very high” risks, stoking fears of more lockdowns given China remains wedded to stamping out the pathogen.Casino shares sapped Hong Kong after Macau said almost all businesses will close for a week due to a virus outbreak. Hong Kong’s tech index also slid.Commodity-linked currencies were under pressure and oil suffered losses. Treasuries were steady, leaving the US 10-year yield around 3.08%. Inversions along the yield curve are potential signs of economic retrenchment ahead.Price pressures, a wave of monetary tightening and a slowing global economy continue to shadow markets.A US inflation reading later this week is expected to get closer to 9%, a fresh four-decade high, buttressing the Federal Reserve’s case for a jumbo July interest-rate hike. Company earnings, meanwhile, will shed light on recession fears that contributed to an $18 trillion first-half wipeout in global equities.“The real earnings hit will come in the second half as we’re hearing from companies, especially retailers, saying they’re already seeing weakness from consumers,” Ellen Lee, portfolio manager at Causeway Capital Management LLC, said on Bloomberg Television.Elsewhere, the pound fell as theraceto replace Boris Johnson as UK premier heats up. Over in Europe, the main conduit for Russian gas down for 10-day maintenance on Monday. Germany and its allies are bracing for President Vladimir Putin to use the opportunity to cut off flows for good in retaliation for the West’s support of Ukraine following Russia’s invasion.The US consumer-price index data will be “the core driver of risk this week” and a 9% print is possible, which “should keep US bond yields headed higher,” Chris Weston, head of research at Pepperstone Group, wrote in a note.Bitcoin caught a downdraft from the cautious start to the week in wider markets, falling as much as 2.6% but holding above $20,000.What to watch this week:Earnings due from JPMorgan, Morgan Stanley, Citigroup, Wells FargoNew York Fed President John Williams speaks in Libor talk, MondayBOE Governor Andrew Bailey speaks, Monday and TuesdaySouth Korea, New Zealand rate decisions, WednesdayFederal Reserve Beige Book, WednesdayChina trade, WednesdayUS PPI, jobless claims, ThursdayChina GDP, key economic data, FridayG-20 finance ministers, central bankers meet in Bali, from FridayAtlanta Fed President Raphael Bostic speaks, FridaySome of the main moves in markets:StocksS&P 500 futures fell 0.6% as of 2:32 p.m. in Tokyo. The S&P 500 fell 0.1% FridayNasdaq 100 futures retreated 0.9%. The Nasdaq 100 rose 0.1% FridayJapan’s Topix index rose 1.5%Australia’s S&P/ASX 200 fell 1%South Korea’s Kospi index shed 0.1%Hong Kong’s Hang Seng Index fell 3.1%China’s Shanghai Composite Index fell 1.7%Euro Stoxx 50 futures fell 1.3%CurrenciesThe Bloomberg Dollar Spot Index rose 0.3%The euro was at $1.0150, down 0.3%The Japanese yen was at 137.00 per dollar, down 0.7%The offshore yuan was at 6.7077 per dollar, down 0.3%BondsThe yield on 10-year Treasuries was at 3.08%Australia’s 10-year bond yield rose six basis points to 3.54%CommoditiesWest Texas Intermediate crude fell 1.2% to $103.56 a barrelGold was at $1,741.95 an ounce","news_type":1,"symbols_score_info":{".DJI":0.9,"YMmain":0.9,"NQmain":0.9,"ESmain":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1934,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9079515425,"gmtCreate":1657218770667,"gmtModify":1676535971328,"author":{"id":"4112921034112752","authorId":"4112921034112752","name":"Angellee24","avatar":"https://community-static.tradeup.com/news/d7824f565322d8faca74cd5f880fb944","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112921034112752","idStr":"4112921034112752"},"themes":[],"htmlText":"US stock","listText":"US stock","text":"US stock","images":[{"img":"https://community-static.tradeup.com/news/108a889310cc5bd95faea987f363cb50","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079515425","isVote":1,"tweetType":1,"viewCount":2204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9079656098,"gmtCreate":1657196171914,"gmtModify":1676535967125,"author":{"id":"4112921034112752","authorId":"4112921034112752","name":"Angellee24","avatar":"https://community-static.tradeup.com/news/d7824f565322d8faca74cd5f880fb944","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112921034112752","idStr":"4112921034112752"},"themes":[],"htmlText":"Losing subscribers is bad news.","listText":"Losing subscribers is bad news.","text":"Losing subscribers is bad news.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079656098","repostId":"2249751924","repostType":2,"repost":{"id":"2249751924","kind":"highlight","pubTimestamp":1657192145,"share":"https://ttm.financial/m/news/2249751924?lang=&edition=fundamental","pubTime":"2022-07-07 19:09","market":"us","language":"en","title":"Netflix Q2 Subscriber Losses Could Be Worse Than Forecast, Analyst Warns","url":"https://stock-news.laohu8.com/highlight/detail?id=2249751924","media":"Barrons","summary":"It's now been almost three months since Netflix shocked investors with a very ugly first-quarter-ear","content":"<html><head></head><body><p>It&#39;s now been almost three months since Netflix shocked investors with a very ugly first-quarter-earnings report. The primary issue was a surprise reversal in subscriber growth. Netflix lost 200,000 net subscribers in the March quarter, and projected it would lose 2 million more in the June quarter.</p><p><a href=\"https://laohu8.com/S/NFLX\">Netflix</a> blamed the shrinkage on increasing competition, password sharing, and a Covid-era boost that the company now concedes obscured some unfavorable underlying trends.</p><p>Almost as shocking was the company&#39;s announcement by co-CEO Reed Hastings on the March quarter earnings call that Netflix is now making plans to add a cheaper ad-supported subscription tier -- that&#39;s an approach that rival streaming services have used, but one which Hastings previously had rejected outright. He also said the company is beginning to take steps to reduce password sharing.</p><p>Netflix stock has tumbled 48% since that report.</p><p>The company&#39;s second-quarter earnings report is due July 19, and investors are understandably nervous. Netflix has reportedly been rushing an ad-supported subscription option to market, while making several rounds of job cuts to address softening results. As usual, though, the focus is going to be on the company&#39;s comment on subscriber growth -- or losses.</p><p>Barclays analyst Kannan Venkateshwar asserts in a research note Wednesday that despite recent strength in the company&#39;s content slate -- including the new seasons of Stranger Things , Ozark, and Peaky Blinders -- Netflix could once again post disappointing progress on subscribers. He writes that Netflix appears on target for a loss of 2.8 million subs in the June quarter, 800,000 higher than the company had forecast. In particular, he thinks the company will likely show a sequential decline in subs for the U.S./Canada region -- he reports that daily average user growth in the region was negative in May.</p><p>Venkateshwar says that while the release of the fourth season of Stranger Things did initially trigger a pick up in app downloads, he finds that the impact doesn&#39;t appear to have been material. He thinks Netflix might need to up the ante on quality given growing competition from Walt Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a>, Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>, <a href=\"https://laohu8.com/S/WBD\">Warner Bros. Discovery</a> (WBD) unit HBO, and Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>.</p><p>The Barclays analyst maintains his Equal Weight rating on Netflix stock, but chops his target price to $170, from $275, while chopping his forecast for 2023 profits to $11.15 a share, down from $11.98; that&#39;s below his 2022 estimate for profits of $11.36 a share. Street consensus calls for $10.90 a share this year, and $11.95 next year.</p><p>Venkateshwar also notes that even after their sharp decline, Netflix shares trade at a premium to both Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> and <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> <a href=\"https://laohu8.com/S/META.UK\">$(META.UK)$</a> using a multiple of Ebitda, or earnings before interest, taxes, depreciation, and amortization. &#34;If [subscriber] growth estimates keep drifting lower, the stock may not bottom until earnings multiples are more comparable to legacy media names,&#34; he writes.</p><p>Netflix stock on Thursday is off 1.6%, to $183.01.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix Q2 Subscriber Losses Could Be Worse Than Forecast, Analyst Warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Q2 Subscriber Losses Could Be Worse Than Forecast, Analyst Warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-07 19:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/netflix-earnings-subscribers-51657126815?mod=hp_DAY_4><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's now been almost three months since Netflix shocked investors with a very ugly first-quarter-earnings report. The primary issue was a surprise reversal in subscriber growth. Netflix lost 200,000 ...</p>\n\n<a href=\"https://www.barrons.com/articles/netflix-earnings-subscribers-51657126815?mod=hp_DAY_4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.barrons.com/articles/netflix-earnings-subscribers-51657126815?mod=hp_DAY_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2249751924","content_text":"It's now been almost three months since Netflix shocked investors with a very ugly first-quarter-earnings report. The primary issue was a surprise reversal in subscriber growth. Netflix lost 200,000 net subscribers in the March quarter, and projected it would lose 2 million more in the June quarter.Netflix blamed the shrinkage on increasing competition, password sharing, and a Covid-era boost that the company now concedes obscured some unfavorable underlying trends.Almost as shocking was the company's announcement by co-CEO Reed Hastings on the March quarter earnings call that Netflix is now making plans to add a cheaper ad-supported subscription tier -- that's an approach that rival streaming services have used, but one which Hastings previously had rejected outright. He also said the company is beginning to take steps to reduce password sharing.Netflix stock has tumbled 48% since that report.The company's second-quarter earnings report is due July 19, and investors are understandably nervous. Netflix has reportedly been rushing an ad-supported subscription option to market, while making several rounds of job cuts to address softening results. As usual, though, the focus is going to be on the company's comment on subscriber growth -- or losses.Barclays analyst Kannan Venkateshwar asserts in a research note Wednesday that despite recent strength in the company's content slate -- including the new seasons of Stranger Things , Ozark, and Peaky Blinders -- Netflix could once again post disappointing progress on subscribers. He writes that Netflix appears on target for a loss of 2.8 million subs in the June quarter, 800,000 higher than the company had forecast. In particular, he thinks the company will likely show a sequential decline in subs for the U.S./Canada region -- he reports that daily average user growth in the region was negative in May.Venkateshwar says that while the release of the fourth season of Stranger Things did initially trigger a pick up in app downloads, he finds that the impact doesn't appear to have been material. He thinks Netflix might need to up the ante on quality given growing competition from Walt Disney $(DIS)$, Apple $(AAPL)$, Warner Bros. Discovery (WBD) unit HBO, and Amazon.com $(AMZN)$.The Barclays analyst maintains his Equal Weight rating on Netflix stock, but chops his target price to $170, from $275, while chopping his forecast for 2023 profits to $11.15 a share, down from $11.98; that's below his 2022 estimate for profits of $11.36 a share. Street consensus calls for $10.90 a share this year, and $11.95 next year.Venkateshwar also notes that even after their sharp decline, Netflix shares trade at a premium to both Alphabet $(GOOGL)$ and Meta Platforms $(META.UK)$ using a multiple of Ebitda, or earnings before interest, taxes, depreciation, and amortization. \"If [subscriber] growth estimates keep drifting lower, the stock may not bottom until earnings multiples are more comparable to legacy media names,\" he writes.Netflix stock on Thursday is off 1.6%, to $183.01.","news_type":1,"symbols_score_info":{"NFLX":1}},"isVote":1,"tweetType":1,"viewCount":1620,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9044953287,"gmtCreate":1656693369649,"gmtModify":1676535878769,"author":{"id":"4112921034112752","authorId":"4112921034112752","name":"Angellee24","avatar":"https://community-static.tradeup.com/news/d7824f565322d8faca74cd5f880fb944","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112921034112752","idStr":"4112921034112752"},"themes":[],"htmlText":"This is really bad.","listText":"This is really bad.","text":"This is really bad.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044953287","repostId":"2248116268","repostType":4,"isVote":1,"tweetType":1,"viewCount":2440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}