Deutsche Bank Upgrades Robinhood Markets (HOOD) to Buy

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Go back to Deutsche Bank Upgrades Robinhood Markets (HOOD) to Buy

Robinhood Markets, Inc. Reports July 2024 Operating Data

August 14, 2024 4:05 PM EDT

MENLO PARK, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) today reported select monthly operating data for July 2024:

Funded Customers at the end of July were 24.2 million (up approximately 70 thousand from June 2024, up over one million year-over-year).

Assets Under Custody (AUC) at the end of July were $144.5 billion (up 3% from June 2024, up 53% year-over-year). Net Deposits were $4.2 billion in July, translating to a 36% annualized growth rate relative to June 2024 AUC. Over the last twelve months, Net Deposits were $35.8 billion, translating to an annual growth rate of 38%... More