Why is up fintech pricing going up?
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Based on the available information, the increase in Up Fintech's stock price could be due to the company's Q2 performance greatly exceeding expectations, with trading commissions slightly lower than expected, net interest income exceeding expectations, and significant decreases in marketing and clearing-related expenses. Additionally, the company's profit forecast and valuation have been raised due to the growth in interest income, cost reduction, and other income exceeding expectations. However, there are also potential risks such as uncertainty in regulatory policies and lower-than-expected international expansion. It is important to note that stock movements can also be influenced by stock capital flow.
Reference articles:
CICC: Tiger Securities Q2 performance greatly exceeded expectations, and profit certainty was further consolidated
Tiger Securities (TIGR.US) Q2 revenue increased by 23.5% year-on-year, and the total assets of customers increased by 16.2%
Tiger International's net profit in the second quarter reached a new high in two years, exceeding the sum of the previous