FUTU Stock Recent News

SOHO, FUTU, NEOG, OPK and THRX have been added to the Zacks Rank #1 (Strong Buy) List on July 19, 2023.

Futu Holdings, an online brokerage platform, has seen its stock value drop by 80% since June 2021 due to regulatory uncertainty in China, but new rules provide a clearer path forward for the company. The company is expanding into international markets, such as Malaysia and Southeast Asia, and its earnings are positively correlated with the prevailing market interest rate, which is expected to rise. Futu currently trades at a 45% discount to its average 3-year P/E, making it an attractive investment opportunity with limited risk and potential for growth.

Chinese stocks Futu Holdings (NASDAQ: FUTU ) and UP Fintech (NASDAQ: TIGR ) both fell 10% overnight on the news they will remove their trading apps from Chinese app stores. The companies acted on orders from Chinese regulators.

Online brokerages Futu Holding Ltd and UP Fintech Holding Ltd will remove their apps from app stores in mainland China this week under the guidance of Chinese regulators, three sources told Reuters.

The online brokerages earlier agreed to stop accepting new customers from mainland China.

HONG KONG, May 11, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the first quarter ended March 31, 2023, before U.S. markets open on May 24, 2023.

Investors looking for stocks in the Technology Services sector might want to consider either Jacobs Solutions (J) or Futu Holdings Limited Sponsored ADR (FUTU). But which of these two stocks presents investors with the better value opportunity right now?

This financial stock ranked an impressive second on Fortune's "100 Fastest-Growing Companies" list of 2022. The post This Chinese Financial Stock Leads While Its Peers Collapse; Q4 EPS Grew 109% appeared first on Investor's Business Daily.

Futu Holdings Limited (NASDAQ:FUTU ) Q4 2022 Earnings Conference Call March 28, 2023 7:30 AM ET Company Participants Daniel Yuan - Investor Relations Leaf Li - Chairman and Chief Executive Officer Arthur Chen - Chief Financial Officer Robin Xu - Senior Vice President Conference Call Participants Han Pu - CICC Chiyao Huang - Morgan Stanley Cindy Wang - China Renaissance Frank Zheng - Credit Suisse Leon Qi - Daiwa Peter Zhang - JPMorgan Operator Hello, ladies and gentlemen. Welcome to Futu Holdings Fourth Quarter and Full Year 2022 Earnings Conference Call.

HONG KONG, March 14, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2022, before U.S. markets open on March 28, 2023.