Profile - To The Moon

AdelGYS

活到老学到老

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- AdelGYSAdelGYS
  ·09-11
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- AdelGYSAdelGYS
  ·2024-08-14
  $Sea Ltd(SE)$ Finally SEA actions 😂😂😂
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- AdelGYSAdelGYS
  ·2024-07-15
  $Trump Media & Technology(DJT)$ he will get the sympathy votes 👏
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- AdelGYSAdelGYS
  ·2024-06-24
  For long term, still a good choice to invest On it
  Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up
  Chipmaker’s revenue beats have made projections difficultRecent estimates have deviated from results by an average 12%Nvidia Corp. is the most expensive stock in the S&P 500 Index, with its shares trading for roughly 23 times the company’s projected sales over the next 12 months.But there’s a problem with that valuation. In the age of the artificial intelligence boom, no one can figure out what the chipmaker’s revenues are actually going to be — not the Wall Street analysts covering Nvidia or Nv
  Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up
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- AdelGYSAdelGYS
  ·2024-06-18
  Finally AMD has unexpected boosters🎉
  Sorry, this post has been deleted
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- AdelGYSAdelGYS
  ·2024-03-07
  Congrats 👏👏👏
  NYCB Raises More Than $1 Billion in Equity Led by Steven Mnuchin’s Firm
  Struggling lender names Joseph Otting chief executive officerEx-Treasury secretary says lender now has sufficient capitalCommercial real estate lender New York Community Bancorp received an equity inv
  NYCB Raises More Than $1 Billion in Equity Led by Steven Mnuchin’s Firm
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- AdelGYSAdelGYS
  ·2023-11-29
  My condolences to his family 🙏
  Sorry, this post has been deleted
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- AdelGYSAdelGYS
  ·2023-11-27
  Yeah👍 Congrats🎊
  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 $42M, Surpassing 2-Year Total
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- AdelGYSAdelGYS
  ·2023-08-16
  Very busy with mixed comments and different analysts ...
  Sorry, this post has been deleted
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- AdelGYSAdelGYS
  ·2023-08-10
  🫢
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href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a> Finally SEA actions 😂😂😂","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a> Finally SEA actions 😂😂😂","text":"$Sea Ltd(SE)$ Finally SEA actions 😂😂😂","images":[{"img":"https://community-static.tradeup.com/news/17724170b7acd1ec1e78e4bda05dc46b","width":"1179","height":"1959"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338136920617208","isVote":1,"tweetType":1,"viewCount":1957,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":327723846815920,"gmtCreate":1721037249836,"gmtModify":1721037254098,"author":{"id":"3581174525648411","authorId":"3581174525648411","name":"AdelGYS","avatar":"https://static.tigerbbs.com/6147c611984619a69630f877f8238a7a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581174525648411","idStr":"3581174525648411"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$</a> he will get the sympathy votes 👏","listText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$</a> he will get the sympathy votes 👏","text":"$Trump Media & Technology(DJT)$ he will get the sympathy votes 👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327723846815920","isVote":1,"tweetType":1,"viewCount":2746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320287585841456,"gmtCreate":1719224370890,"gmtModify":1719224374834,"author":{"id":"3581174525648411","authorId":"3581174525648411","name":"AdelGYS","avatar":"https://static.tigerbbs.com/6147c611984619a69630f877f8238a7a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581174525648411","idStr":"3581174525648411"},"themes":[],"htmlText":"For long term, still a good choice to invest On it&nbsp;","listText":"For long term, still a good choice to invest On it&nbsp;","text":"For long term, still a good choice to invest On it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320287585841456","repostId":"1145520264","repostType":2,"repost":{"id":"1145520264","kind":"news","pubTimestamp":1719186672,"share":"https://ttm.financial/m/news/1145520264?lang=&edition=fundamental","pubTime":"2024-06-24 07:51","market":"us","language":"en","title":"Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1145520264","media":"Bloomberg","summary":"Chipmaker’s revenue beats have made projections difficultRecent estimates have deviated from results by an average 12%Nvidia Corp. is the most expensive stock in the S&P 500 Index, with its shares trading for roughly 23 times the company’s projected sales over the next 12 months.But there’s a problem with that valuation. In the age of the artificial intelligence boom, no one can figure out what the chipmaker’s revenues are actually going to be — not the Wall Street analysts covering Nvidia or Nv","content":"<div>\n<p>Chipmaker’s revenue beats have made projections difficultRecent estimates have deviated from results by an average 12%Nvidia Corp. is the most expensive stock in the S&P 500 Index, with its shares ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-06-23/nvidia-sales-grow-so-fast-that-wall-street-can-t-keep-up?srnd=homepage-americas\">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>Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up</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\">\nNvidia Sales Grow So Fast That Wall Street Can’t Keep Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-24 07:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-06-23/nvidia-sales-grow-so-fast-that-wall-street-can-t-keep-up?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chipmaker’s revenue beats have made projections difficultRecent estimates have deviated from results by an average 12%Nvidia Corp. is the most expensive stock in the S&P 500 Index, with its shares ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-06-23/nvidia-sales-grow-so-fast-that-wall-street-can-t-keep-up?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.bloomberg.com/news/articles/2024-06-23/nvidia-sales-grow-so-fast-that-wall-street-can-t-keep-up?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145520264","content_text":"Chipmaker’s revenue beats have made projections difficultRecent estimates have deviated from results by an average 12%Nvidia Corp. is the most expensive stock in the S&P 500 Index, with its shares trading for roughly 23 times the company’s projected sales over the next 12 months.But there’s a problem with that valuation. In the age of the artificial intelligence boom, no one can figure out what the chipmaker’s revenues are actually going to be — not the Wall Street analysts covering Nvidia or Nvidia executives themselves. So how are investors supposed to calculate whether the shares are expensive or not?For more than a year now, a surge in demand for Nvidia’s chips sparked by the frenzy surrounding AI has made a mockery of Wall Street’s quarterly financial estimates. Analysts aren’t making up numbers, they take their cues from management like they do with every other company. However, even Nvidia’s leadership is struggling to anticipate how much money the chipmaker will generate three months into the future.Since Nvidia’s sales began exploding in its fiscal quarter that ended in April 2023, revenue has exceeded the midpoint of the company’s own forecast by an average of 13%, more than twice the average over the past decade. When Nvidia reported results in August, sales topped its projection by 23%, the biggest beat since at least 2013, according to data compiled by Bloomberg.A representative for Nvidia declined to comment.Ballparking SalesPart of what makes modeling for Nvidia so difficult is that supply is the most uncertain variable when demand is booming, making the chipmaker unique, according to Brian Colello, an analyst at Morningstar, who last month raised his price target for the shares to $105 from $91. They’re currently trading at around $127.Assuming steady improvement in Nvidia’s ability to increase supply, Colello said he adds up to $4 billion to Nvidia’s quarterly revenue to ballpark the upcoming quarter’s sales.“I’m not the first analyst to be raising my price target or fair value or being surprised that revenues are far ahead of what we thought a year ago,” Colello said. “It’s been interesting and rewarding but certainly challenging.”Colello isn’t the only one raising his price estimate. On Friday, Melius analyst Ben Reitzes raised his price target on Nvidia for the fifth time this year, to $160 from $125, implying a gain of 26% from Friday’s closing price.Of course, there are plenty of traders buying Nvidia solely based on momentum. Nvidia has gained 156% this year and overtook Microsoft Corp. on Tuesday to briefly become the world’s most valuable company at $3.34 trillion. That rally helped drive a record $8.7 billion into tech funds last week through June 19, according to a Bank of America Corp.’s analysis of data from EPFR Global. Nvidia shares have since fallen 6.7%, erasing more than $200 billion in market value.For investors inclined to stare at discounted cash flow models that have more variability than they have in the past, the gap between estimates and actual results has created a conundrum.In the past five quarters, analyst estimates for Nvidia’s sales have deviated from actual results by an average of 12%, according to data compiled by Bloomberg. That’s the third-most among the S&P 500 companies that have posted average quarterly revenue of at least $5 billion in the last five quarters and have at least 20 analysts covering them.What Price?With Nvidia’s business booming and its biggest customers like Microsoft pledging to spend even more on computing hardware in coming quarters, the main question for investors is what’s a reasonable price to pay for a stock whose profit and sales growth is far superior to its megacap peers.Based on current estimates, Nvidia is projected to deliver profit of $14.7 billion on sales of $28.4 billion in the current quarter, up 137% and 111%, respectively, from the same period a year ago. Meanwhile, Microsoft’s sales are expected to rise 15% with Apple projections sitting around 3%.While Nvidia’s valuation multiples are rich, they look more reasonable given Nvidia’s growth, especially considering the estimates keep coming in low. To Michael O’Rourke, chief market strategist at Jonestrading, a bigger concern is that the degree to which Nvidia surpasses Wall Street’s growth expectations will soon start subsiding, just due to the company’s sheer size. That could make it harder to justify the shares’ price tag.“That’s where the risk comes in,” O’Rourke said. “You’re paying a high price for a large market cap company where the beats have been trending lower and that’s likely to continue.”","news_type":1,"symbols_score_info":{"NVDA":1.1}},"isVote":1,"tweetType":1,"viewCount":2043,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318064916578624,"gmtCreate":1718691056448,"gmtModify":1718691060307,"author":{"id":"3581174525648411","authorId":"3581174525648411","name":"AdelGYS","avatar":"https://static.tigerbbs.com/6147c611984619a69630f877f8238a7a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581174525648411","idStr":"3581174525648411"},"themes":[],"htmlText":"Finally AMD has unexpected boosters🎉","listText":"Finally AMD has unexpected boosters🎉","text":"Finally AMD has unexpected boosters🎉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318064916578624","repostId":"2444199873","repostType":2,"isVote":1,"tweetType":1,"viewCount":2011,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":281556340240480,"gmtCreate":1709767852386,"gmtModify":1709767856081,"author":{"id":"3581174525648411","authorId":"3581174525648411","name":"AdelGYS","avatar":"https://static.tigerbbs.com/6147c611984619a69630f877f8238a7a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581174525648411","idStr":"3581174525648411"},"themes":[],"htmlText":"Congrats 👏👏👏","listText":"Congrats 👏👏👏","text":"Congrats 👏👏👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281556340240480","repostId":"2417446832","repostType":4,"repost":{"id":"2417446832","kind":"highlight","pubTimestamp":1709766900,"share":"https://ttm.financial/m/news/2417446832?lang=&edition=fundamental","pubTime":"2024-03-07 07:15","market":"us","language":"en","title":"NYCB Raises More Than $1 Billion in Equity Led by Steven Mnuchin’s Firm","url":"https://stock-news.laohu8.com/highlight/detail?id=2417446832","media":"Bloomberg","summary":"Struggling lender names Joseph Otting chief executive officerEx-Treasury secretary says lender now has sufficient capitalCommercial real estate lender New York Community Bancorp received an equity inv","content":"<div>\n<p>Struggling lender names Joseph Otting chief executive officerEx-Treasury secretary says lender now has sufficient capitalCommercial real estate lender New York Community Bancorp received an equity ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-03-06/nycb-raises-more-than-1-billion-in-equity-led-by-mnuchin-s-firm?srnd=homepage-americas\">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>NYCB Raises More Than $1 Billion in Equity Led by Steven Mnuchin’s Firm</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\">\nNYCB Raises More Than $1 Billion in Equity Led by Steven Mnuchin’s Firm\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-07 07:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-03-06/nycb-raises-more-than-1-billion-in-equity-led-by-mnuchin-s-firm?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Struggling lender names Joseph Otting chief executive officerEx-Treasury secretary says lender now has sufficient capitalCommercial real estate lender New York Community Bancorp received an equity ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-03-06/nycb-raises-more-than-1-billion-in-equity-led-by-mnuchin-s-firm?srnd=homepage-americas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4195":"互助储蓄与抵押信贷金融服务","BK4211":"区域性银行","BK4215":"住宅房地产投资信托","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"source_url":"https://www.bloomberg.com/news/articles/2024-03-06/nycb-raises-more-than-1-billion-in-equity-led-by-mnuchin-s-firm?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2417446832","content_text":"Struggling lender names Joseph Otting chief executive officerEx-Treasury secretary says lender now has sufficient capitalCommercial real estate lender New York Community Bancorp received an equity investment of more than $1 billion, gaining a vote of confidence in the struggling lender from investors including former US Treasury Secretary Steven Mnuchin.The capital injection was led by Mnuchin’s Liberty Strategic Capital, Hudson Bay Capital and Reverence Capital Partners, NYCB said in a statement Wednesday, confirming an earlier Bloomberg News report. The shares erased an earlier plunge after the announcement.“In evaluating this investment, we were mindful of the bank’s credit risk profile,” Mnuchin said in the statement. “With the over $1 billion of capital invested in the bank, we believe we now have sufficient capital should reserves need to be increased in the future to be consistent with or above the coverage ratio of NYCB’s large bank peers.”NYCB also named Joseph Otting, the former comptroller of the currency, as its new chief executive officer. Otting replaces Alessandro DiNello, who became CEO on Feb. 29. DiNello will stay on as non-executive chairman.Liberty, which counts Saudi Arabia’s Public Investment Fund among its backers, will invest $450 million. Other investors include Hudson Bay at $250 million and Reverence at $200 million, according to the statement. Citadel Global Equities, an equities business of Ken Griffin’s hedge fund, is also an investor. In connection with the deal, NYCB will add four new directors to its board, including Mnuchin and Otting.“The investment community lost confidence in the company. Nothing improves confidence like capital,” Janney Montgomery Scott analyst Chris Marinac, who has a buy rating on the stock, said by phone. The new leadership is exactly what the company needs, he added.Capital InjectionThe investors will buy common shares at $2 apiece and get some convertible preferred stock with a conversion price also at $2, to raise $1.05 billion in total. The group will also get warrants with an exercise price of $2.50 per share.NYCB’s stock closed higher on the day, rising 7.5% to $3.46. Still, the firm’s shares have lost about two thirds of their value this year after the bank slashed its dividend and set aside more provisions than expected for loan losses. Last week, it announced it was replacing its chief executive officer and had identified “material weaknesses” in how it tracks loan risks.“We are excited to be investing behind this management team with such a strong investor group, and believe NYCB has a great opportunity to reposition the company and return to growth,” Reverence Capital’s Milton Berlinski, who’s joining the board, said in the statement.NYCB is a major lender to owners of apartment buildings subject to tough New York rent laws, limiting the revenue units can generate. It also financed offices in a region beset by vacancies in the work-from-home era.Credit-rating firms have slashed the company’s grades to junk, with Moody’s Investors Service predicting the bank may set aside more money for souring loans over the next two years.What Bloomberg Intelligence Says:New York Community Bancorp’s $1 billion equity investment from firms led by former Treasury Secretary Steven Mnuchin should ease concerns about the lender’s capital levels and management capabilities. New CEO Joseph Otting was the former head of the OCC. While NYCB’s junk-rated subordinated debt trades at distressed levels, higher capital will help absorb potential loan loss reserve increases if commercial real estate conditions worsen.Arnold Kakuda and Nick Beckwith, Bloomberg IntelligenceSome of the pressure on NYCB was exacerbated by its rapid growth through acquisitions in recent years. Takeovers of rival lender Flagstar Bancorp and parts of Signature Bank almost doubled the firm’s size. As its assets swelled beyond $100 billion, NYCB faced more stringent capital requirements for so-called Category IV banks in light of their systemic importance.The equity-investment deal is expected to be completed around March 11. Jefferies is financial adviser and sole placement agent to NYCB, according to the statement.“While painful for existing shareholders, it should quiet systemic concerns for NYCB,” Keefe, Bruyette & Woods analyst Christopher McGratty wrote in a note. “This should help broader sentiment for the bank group.”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2587,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246722807857200,"gmtCreate":1701256540878,"gmtModify":1701256544822,"author":{"id":"3581174525648411","authorId":"3581174525648411","name":"AdelGYS","avatar":"https://static.tigerbbs.com/6147c611984619a69630f877f8238a7a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581174525648411","idStr":"3581174525648411"},"themes":[],"htmlText":"My condolences to his family 🙏","listText":"My condolences to his family 🙏","text":"My condolences to his family 🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246722807857200","repostId":"1139614756","repostType":4,"isVote":1,"tweetType":1,"viewCount":3419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":246044068515976,"gmtCreate":1701093378530,"gmtModify":1701093383233,"author":{"id":"3581174525648411","authorId":"3581174525648411","name":"AdelGYS","avatar":"https://static.tigerbbs.com/6147c611984619a69630f877f8238a7a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581174525648411","idStr":"3581174525648411"},"themes":[],"htmlText":"Yeah👍 Congrats🎊","listText":"Yeah👍 Congrats🎊","text":"Yeah👍 Congrats🎊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246044068515976","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":2565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209530927693912,"gmtCreate":1692194957556,"gmtModify":1692194962361,"author":{"id":"3581174525648411","authorId":"3581174525648411","name":"AdelGYS","avatar":"https://static.tigerbbs.com/6147c611984619a69630f877f8238a7a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581174525648411","idStr":"3581174525648411"},"themes":[],"htmlText":"Very busy with mixed comments and different analysts ...&nbsp;","listText":"Very busy with mixed comments and different analysts ...&nbsp;","text":"Very busy with mixed comments and different analysts ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209530927693912","repostId":"2359383114","repostType":2,"isVote":1,"tweetType":1,"viewCount":2141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":207325176123616,"gmtCreate":1691645503976,"gmtModify":1691645508129,"author":{"id":"3581174525648411","authorId":"3581174525648411","name":"AdelGYS","avatar":"https://static.tigerbbs.com/6147c611984619a69630f877f8238a7a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581174525648411","idStr":"3581174525648411"},"themes":[],"htmlText":"🫢","listText":"🫢","text":"🫢","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207325176123616","repostId":"2358267750","repostType":2,"isVote":1,"tweetType":1,"viewCount":2512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}