TIGR - Why Online Brokerage Firm UP Fintech's Stock Is Surging Today | Benzinga
UP Fintech Holding Ltd (NASDAQ: TIGR) shares gained Tuesday morning after the company reported Q2 revenue growth of 23.5% Y/Y to $66.1 million, beating the consensus of $44.65 million.
Segments: Commissions were $22.0 million, down 22.0% Y/Y, due to decreased trading volume. Financing service fees were $2.8 million, up 88.5% Y/Y, primarily due to increased interest rates.
Interest income was $36.4 million, up 152.2% Y/Y, on higher margin financing and securities lending activities.
UP Fintech added 29,077 funded accounts in the quarter. ...