US Stock Movement | Cryptocurrency trading revenue plunged 55% year-on-year; Robinhood (HOOD.US) dropped over 4% at the market open

智通财经2026/10/28 15:46

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Smart Finance APP reports that on Wednesday, Robinhood (HOOD.US) opened more than 4% lower. As of press time, the decline had narrowed to 2.6%. Since September 21, the stock has continued to fall, with a cumulative drop of over 25%. In terms of news, Robinhood Markets released its third-quarter financial results. Data shows that the company’s total net revenue for the quarter reached $1.424 billion, a record high, up 12% year-on-year and 9% quarter-on-quarter; net profit was $476 million, down 14% year-on-year and 17% quarter-on-quarter; diluted earnings per share were $0.51, below $0.61 in the same period last year, a 16% year-on-year decrease. Cryptocurrency trading revenue plummeted 55% year-on-year to $120 million, becoming the main drag on the trading business.

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The latest monthly consumer expectations survey from the New York Fed shows that respondents' inflation expectations for the coming year remain at 3.9%, while expectations for inflation over three and five years are steady at 3.3% and 3%, respectively. The average probability that respondents expect the unemployment rate to rise in the next year has increased to 45.3%, the highest since April 2020, mainly driven by those without a college degree.

华尔街见闻•2026/11/09 18:31