Latest news with #MizuhoSecurities
Yahoo
16 hours ago
- Business
- Yahoo
Robinhood ‘hulk smashes' earnings as push to diversify revenue pays off
The online brokerage Robinhood soared past analysts' expectations Wednesday when it posted strong financials for the second quarter. It reported a 7% quarter-over-quarter increase in revenue to $989 million, beating the FactSet consensus of almost $915 million. And it reported earnings per share of 42 cents, a beat of analysts' consensus of 31 cents. The fintech 'hulk smashe[d]' its earnings, Dan Dolev, a senior analyst at Mizuho Securities, said in a short note after Robinhood posted its quarterly results. The online brokerage, which lets users trade stocks as well as digital assets like Bitcoin and Ethereum, posted gaudy results despite a decline in crypto transaction revenue, which dipped 36% from the previous quarter to $160 million. In the past, Robinhood's quarterly fortunes have been closely tied to booms and busts in retail traders' activity in markets. During the crypto craze of early 2021, for instance, its revenue from crypto transactions made up 41% of the company's topline. But, amid the most recent so-called Crypto Winter, that percentage dipped to as low as 5% in the third quarter of 2023. As Robinhood rode the ups and downs of the stock and crypto trading cycle, the company began to build out its business to not rely merely on the whims of retail traders. It expanded its subscription business, launched its own credit card, and let users trade on margin, or take out loans to buy and sell more stock. It also pushed into banking while working expand its business in Europe and the U.K. 'In 2021, when we went public, it felt to me like we were much more fragile than today,' Robinhood CEO Vlad Tenev said during Wednesday's earnings call. While cash generated from transactions still comprised the majority of the company's revenue in the second quarter, almost 30% of its topline came from portions of its business that generate interest. These include the money it takes from users who margin trade as well as interest on users' cash balances. And almost 10% of its revenue in the second quarter came from Robinhood Gold, its subscription business in which users pay a monthly fee and receive benefits like yield on their cash reserves on the app. 'If you look at things that we expect to deliver in the short term, medium term and long term, it's pretty packed,' said Tenev. 'So this is probably the least diversified you should ever see Robinhood.' This story was originally featured on Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
2 days ago
- Business
- Globe and Mail
Analysts Are Bullish on Top Financial Stocks: Coinbase Global (COIN), Customers Bancorp (CUBI)
There's a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Coinbase Global (COIN – Research Report), Customers Bancorp (CUBI – Research Report) and Lendingtree (TREE – Research Report) with bullish sentiments. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Coinbase Global (COIN) Mizuho Securities analyst Dan Dolev maintained a Buy rating on Coinbase Global today and set a price target of $505.00. The company's shares closed last Monday at $379.49. According to Dolev is a 5-star analyst with an average return of 8.1% and a 54.6% success rate. Dolev covers the Technology sector, focusing on stocks such as Circle Internet Group, Inc. Class A, Fidelity National Info, and Affirm Holdings. ;'> Currently, the analyst consensus on Coinbase Global is a Moderate Buy with an average price target of $383.29, a -2.9% downside from current levels. In a report issued on July 23, Erste Group also initiated coverage with a Buy rating on the stock. Customers Bancorp (CUBI) In a report issued on July 24, Michael Diana from Maxim Group reiterated a Buy rating on Customers Bancorp, with a price target of $90.00. The company's shares closed last Monday at $65.74, close to its 52-week high of $68.49. According to Diana is a 3-star analyst with an average return of 2.2% and a 52.6% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation, and Cullen/Frost Bankers. ;'> The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Customers Bancorp with a $74.00 average price target, representing a 18.5% upside. In a report issued on July 24, Financial also maintained a Buy rating on the stock with a $85.00 price target. Lendingtree (TREE) J.P. Morgan analyst Melissa Wedel maintained a Buy rating on Lendingtree on July 24 and set a price target of $62.00. The company's shares closed last Monday at $48.20. According to Wedel is a 4-star analyst with an average return of 10.8% and a 68.7% success rate. Wedel covers the Financial sector, focusing on stocks such as MidCap Financial Investment Corporation, Blackstone Secured Lending Fund, and Oaktree Specialty Lending. ;'> The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lendingtree with a $62.50 average price target, which is a 27.4% upside from current levels. In a report issued on July 24, KBW also maintained a Buy rating on the stock with a $66.00 price target.
Business Insider
5 days ago
- Business
- Business Insider
NextEra Energy (NEE) Receives a Hold from Mizuho Securities
In a report released on July 24, Anthony Crowdell from Mizuho Securities maintained a Hold rating on NextEra Energy, with a price target of $74.00. The company's shares closed yesterday at $71.85. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Crowdell is a 5-star analyst with an average return of 6.3% and a 68.60% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Consolidated Edison, Evergy, and Centerpoint Energy. In addition to Mizuho Securities, NextEra Energy also received a Hold from Bank of America Securities's Ross Fowler in a report issued on July 24. However, yesterday, TR | OpenAI – 4o reiterated a Buy rating on NextEra Energy (NYSE: NEE). The company has a one-year high of $86.10 and a one-year low of $61.72. Currently, NextEra Energy has an average volume of 12.43M.
Nikkei Asia
6 days ago
- Business
- Nikkei Asia
Mizuho Securities to buy UK renewables M&A advisory firm
Mizuho Securities will acquire a renewable energy M&A advisory company based in London. (Source photos by Nikkei) KODAI MIHARA TOKYO -- Mizuho Securities will acquire U.K. mergers and acquisitions adviser Augusta & Co. as part of a bid to expand its foothold in Europe and diversify revenue sources. Mizuho hopes to draw on Augusta's expertise in renewable-energy-related deals along with the Japanese group's own network of customers to take on some of the growing European M&A demand in that field.
Business Insider
24-07-2025
- Automotive
- Business Insider
Mizuho Securities Sticks to Their Buy Rating for Tesla (TSLA)
In a report released today, Vijay Rakesh from Mizuho Securities maintained a Buy rating on Tesla, with a price target of $375.00. The company's shares closed today at $332.56. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Rakesh is a 5-star analyst with an average return of 19.2% and a 60.16% success rate. Rakesh covers the Technology sector, focusing on stocks such as Broadcom, Credo Technology Group Holding Ltd, and Advanced Micro Devices. In addition to Mizuho Securities, Tesla also received a Buy from Benchmark Co.'s Mickey Legg in a report issued today. However, yesterday, GLJ Research reiterated a Sell rating on Tesla (NASDAQ: TSLA). Based on Tesla's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $19.34 billion and a net profit of $409 million. In comparison, last year the company earned a revenue of $21.3 billion and had a net profit of $1.39 billion Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral on the stock. Last month, Xiaotong Zhu, the SVP, APAC of TSLA sold 15,000.00 shares for a total of $4,857,000.00.
