UP Fintech Holding Ltd American Depositary Share representing fifteen - TIGR STOCK NEWS

Interactive Brokers Group, Inc. (Nasdaq: IBKR) reported a GAAP diluted EPS of $0.72 and adjusted EPS of $0.84 for Q2 2022, down from $1.00 and $0.82, respectively, year-over-year. Net revenues were $656 million, a decrease from $754 million in the previous year. Notably, commission revenue rose 5% to $322 million, while net interest income surged 27% to $348 million. However, a significant loss in other income totaling $57 million impacted overall earnings. Total equity stands at $10.6 billion, with a declared quarterly dividend of $0.10 per share. Customer accounts increased by 36% to 1.92 million.

UP Fintech Holding Limited (TIGR) reported Q1 2022 results with total revenue of US$52.6 million and a non-GAAP net loss of US$1.9 million. Customer accounts rose to 1.9 million, with deposits up 87.1% year-over-year. The company reported a net asset inflow of US$3.5 billion. In Singapore, registered accounts accounted for 19% of the population aged 20-70. Wealth management assets under management (AUM) increased significantly, with the Fund Mall AUM up 99.4% year-over-year. Tiger Trade gained recognition in Australia and ranked third in U.S. IPO underwriting by deal count.

UP Fintech (NASDAQ: TIGR) reported a 35.2% decrease in total revenues for Q1 2022, totaling US$52.6 million due to declining trading volumes. Net loss attributable to the company was US$5.9 million, down from a net income of US$21.1 million year-over-year. Despite challenging market conditions, the company added 30,150 funded accounts, increasing total accounts to 703,500, reflecting an 87.1% year-over-year growth. The firm also experienced a net asset inflow of US$3.5 billion.

UP Fintech Holding Limited (NASDAQ: TIGR) will announce its financial results for Q1 2022 on June 10, 2022, prior to U.S. market opening. The company is a prominent online brokerage serving global investors, focusing on a mobile-first strategy to enhance user experience and attract new customers. An earnings conference call is scheduled for the same day at 8:00 AM ET. Participants must preregister to receive dial-in details. A replay will be available until June 18, 2022.

Interactive Brokers Group reported GAAP diluted EPS of $0.74 for Q1 2022, down from $1.16 a year ago. Adjusted EPS was $0.82 versus $0.98 in the prior year. Net revenues fell by 28% to $645 million compared to $893 million in Q1 2021. Commission revenue decreased 15% to $349 million, while net interest income declined 8% to $282 million. Customer accounts surged 36% to 1.81 million, and customer equity rose 8% to $355.9 billion. The company declared a quarterly dividend of $0.10 per share.

UP Fintech Holding Limited (Nasdaq: TIGR) announced the resignations of Ms. Xian Wang and Mr. David Friedland as directors, effective March 18, 2022. Ms. Wang's resignation was due to the expiration of her service agreement, while Mr. Friedland left for personal reasons. Importantly, both resignations occurred without any disagreements with the company. UP Fintech is a leading online brokerage focusing on global investors, providing a comprehensive trading platform and a range of innovative services.

UP Fintech Holding Limited (TIGR) reported strong financial results for Q4 and full-year 2021. Q4 revenue reached US$62.2 million, with total annual revenue at US$264.5 million, a growth of 91% year-over-year. The firm added 414,700 new funded accounts in 2021, surpassing its target by 119%. Notably, trading volume surged to US$85.9 billion in Q4, and client assets hit US$17.1 billion. The company continues to expand internationally, with over 90% of new accounts from outside China, particularly Singapore, where it holds a market share of 15% of the relevant population.

UP Fintech (NASDAQ: TIGR) reported its Q4 and FY 2021 financial results, with Q4 revenue reaching US$62.2 million, a 31.7% increase year-over-year, and FY revenue at US$264.5 million, up 91.0%. The company added 61,400 funded accounts in Q4, totaling 673,400 by year-end. However, it faced a net loss of US$5.4 million for Q4, contrasting with a net income of US$8.5 million in the previous year. Despite a 17% quarterly decline in total client assets to US$17.1 billion, the company emphasized successful expansion into Australia and solid performance in corporate services.

UP Fintech Holding Limited (NASDAQ: TIGR) will announce its fourth-quarter financial results for the period ending December 31, 2021, on March 18, 2022, before U.S. market opens. Management will host a conference call at 8:00 AM ET, allowing investors to preregister for participation. The call will include a live and archived webcast, providing an opportunity for stakeholders to review the company’s performance and outlook. UP Fintech focuses on providing a superior trading experience through its mobile-first platform, serving global investors across various financial instruments.