Treasury designates BNY as financial agent for Trump Accounts program
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/4/2026
- Equities close higher as softer jobs data quiets rate-hike expectations
- U.S. economy adds fewer jobs than expected as unemployment rate ticks higher
- Nvidia returns as Morgan Stanley’s Top Pick on attractive valuation
- Citi says rate volatility without Fed repricing is concerning
- U.S. credit-reporting stocks fall as FHFA weighs two-bureau mortgage rule
- Equities close higher as softer jobs data quiets rate-hike expectations
- Cantor Fitzgerald on Rivian (RIVN): 'pre-announced that it delivered 19,248 vehicles in 3Q26, above our estimate'
- DISH DBS emerges from bankruptcy, cuts debt by $4.35 billion
- Tanker struck by projectile in Strait of Hormuz
- AppLovin shares fall after court denies request against Unity
Compass Point on Robinhood Markets (HOOD): 'we believe it's well positioned to capitalize on 530A rollover'
April 6, 2026 1:30 PM EDTCompass Point analyst Ed Engel reiterated a Buy rating and $108.00 price target on Robinhood Markets (NASDAQ: HOOD).
The analyst comments "On 4/6, the Treasury Department designated BNY Mellon and Robinhood to help administer 530As (i.e. Trump Accounts). Robinhood will serve as brokerage and initial trustee for Trump Accounts, while assisting the development of a white-labeled app. A standalone Trump Account app will be operated and managed by Treasury without Robinhood branding. Guardians will eventually be able to consolidate and transfer 530As into their... More
