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2022-01-29

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Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year

2022-01-29

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2022-01-29

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2021-07-20

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The DOW rose more than 1%, IBM gained over 4%

2021-05-25

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That would take the benchmark to 1.25%-1.5% by the end of the year.</p><p>Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.</p><p>The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.</p><p>Fed Kicks Off Most Aggressive Global Tightening in Decades</p><p>“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”</p><p>The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.</p><p>Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.</p><p>Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase &amp; Co. and Deutsche Bank AG see five.</p><p>Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.</p><p>Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Predicts Fed Will Raise Rates Five Times This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan ...</p>\n\n<a href=\"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157223555","content_text":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.Fed Kicks Off Most Aggressive Global Tightening in Decades“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase & Co. and Deutsche Bank AG see five.Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093024063,"gmtCreate":1643465960490,"gmtModify":1676533823267,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093024063","repostId":"1126017084","repostType":4,"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093025568,"gmtCreate":1643465938041,"gmtModify":1676533823265,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093025568","repostId":"1126017084","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178114548,"gmtCreate":1626791665584,"gmtModify":1703765328493,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/178114548","repostId":"1125159418","repostType":4,"isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178114914,"gmtCreate":1626791615038,"gmtModify":1703765327522,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178114914","repostId":"1138312795","repostType":4,"repost":{"id":"1138312795","kind":"news","weMediaInfo":{"introduction":"Providing 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe DOW rose more than 1%, IBM gained over 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-20 22:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(July 20)&nbsp;The DOW rose more than 1%.&nbsp;$IBM(<a href=\"https://laohu8.com/S/IBM\">IBM</a>)$ gained over 4%,IBM quarterly revenue beats on cloud strength.&nbsp;Apple,&nbsp;Boeing&nbsp;jumped&nbsp;more than 1%.</p>\n<p><img src=\"https://static.tigerbbs.com/dc8f499a846f2fa479bd3d28563ee70d\" tg-width=\"958\" tg-height=\"917\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBM":"IBM"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138312795","content_text":"(July 20) The DOW rose more than 1%. $IBM(IBM)$ gained over 4%,IBM quarterly revenue beats on cloud strength. Apple, Boeing jumped more than 1%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138607954,"gmtCreate":1621931582378,"gmtModify":1704364650601,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Cheong cheong cheong!","listText":"Cheong cheong cheong!","text":"Cheong cheong cheong!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138607954","repostId":"1162584877","repostType":2,"repost":{"id":"1162584877","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621929875,"share":"https://ttm.financial/m/news/1162584877?lang=&edition=fundamental","pubTime":"2021-05-25 16:04","market":"us","language":"en","title":"UP Fintech Client Accounts and Balances Hit Record High in Q1 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1162584877","media":"Tiger Newspress","summary":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “$(TIGR)$”, and ","content":"<p>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “<a href=\"https://laohu8.com/S/TIGR\">$(TIGR)$</a>”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm, posted a strong earnings report for Q1 FY 2021. The firm saw record trading volume of $123.8 billion in the first quarter as demand for online securities trading continued to rise.</p>\n<p>UP Fintech added 296K new client accounts in the first quarter of 2021, more than 3 times that of the first quarter of 2020. The total number of clients with deposits increased 180.4% year-over-year to 376K. Led by strong growth in the client base coupled with active engagement in the markets during the quarter, the total client account balance reached a record high of $21.4 billion in Q1.</p>\n<p>Total revenue increased 255.5% year-over-year to $81.3 million. Non-GAAP profit was $23.5 million during the quarter, 22 times that of the first quarter of 2020.</p>\n<p>In the first quarter, UP Fintech continued to expand its international reach with a growing presence in Singapore. Since the launch of its mobile trading app in Singapore a year ago, the firm has successfully differentiated itself with its innovative technology in a crowded market. In order to further expand product offerings for local users to diversify their portfolios, UP Fintech introduced new products and services in Singapore including its Fund Mall, as well as Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities in Q1.</p>\n<p>The quarterly additions of new client accounts and funded accounts in Singapore increased by 257.9% and 300.8%, respectively, compared to the preceding quarter. The number of new accounts in Singapore during the first three months of 2021 also exceeded the total for 2020, representing an important step forward in implementing the firm’s global expansion strategy.</p>\n<p>Other revenues from corporate services, including investment banking and ESOP, rose 330.5% to $10.5 million from the prior year period. In Q1, UP Fintech participated in 14 H.K. and U.S. IPOs and served as an underwriter in 8 of them. The firm’s U.S. subsidiary also served as a lead bank for the first time in KuKe’s U.S. IPO (NYSE:KUKE). Despite having only started its investment banking business three years ago, UP Fintech has participated in more than 80 U.S. IPOs of Chinese issuers, leading U.S. IPO underwriting of Chinese companies by deal count among brokerages in both 2019 and 2020.</p>\n<p>The firm also added 41 ESOP clients in Q1. Meanwhile, UP Fintech received ISO27701:2019 and ISO29151:2017 accreditations from DNV. These certifications certified the firm’s commitment to comply with the most stringent international standards in supporting data integrity and client confidentiality.</p>\n<p>“We delivered another strong performance in Q1 with the highest ever funded account additions of 117K during the quarter. We are proud to now serve a diverse and sophisticated base of 376K investors. In Q1, more than half of new clients came from international markets, demonstrating our global expansion strategy is proceeding nicely. The Singapore market delivered phenomenal customer growth, serving as a testament to the relevance of our product offering and the opportunity in the retail brokerage market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “We are off to a strong start in 2021 with record new accounts and client balances. Looking ahead, we will continue to expand our product portfolio and enhance our one-stop trading platform to meet investor preferences.”</p>\n<p>Safe Harbor Statement</p>\n<p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech Client Accounts and Balances Hit Record High in Q1 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech Client Accounts and Balances Hit Record High in Q1 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-25 16:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “<a href=\"https://laohu8.com/S/TIGR\">$(TIGR)$</a>”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm, posted a strong earnings report for Q1 FY 2021. The firm saw record trading volume of $123.8 billion in the first quarter as demand for online securities trading continued to rise.</p>\n<p>UP Fintech added 296K new client accounts in the first quarter of 2021, more than 3 times that of the first quarter of 2020. The total number of clients with deposits increased 180.4% year-over-year to 376K. Led by strong growth in the client base coupled with active engagement in the markets during the quarter, the total client account balance reached a record high of $21.4 billion in Q1.</p>\n<p>Total revenue increased 255.5% year-over-year to $81.3 million. Non-GAAP profit was $23.5 million during the quarter, 22 times that of the first quarter of 2020.</p>\n<p>In the first quarter, UP Fintech continued to expand its international reach with a growing presence in Singapore. Since the launch of its mobile trading app in Singapore a year ago, the firm has successfully differentiated itself with its innovative technology in a crowded market. In order to further expand product offerings for local users to diversify their portfolios, UP Fintech introduced new products and services in Singapore including its Fund Mall, as well as Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities in Q1.</p>\n<p>The quarterly additions of new client accounts and funded accounts in Singapore increased by 257.9% and 300.8%, respectively, compared to the preceding quarter. The number of new accounts in Singapore during the first three months of 2021 also exceeded the total for 2020, representing an important step forward in implementing the firm’s global expansion strategy.</p>\n<p>Other revenues from corporate services, including investment banking and ESOP, rose 330.5% to $10.5 million from the prior year period. In Q1, UP Fintech participated in 14 H.K. and U.S. IPOs and served as an underwriter in 8 of them. The firm’s U.S. subsidiary also served as a lead bank for the first time in KuKe’s U.S. IPO (NYSE:KUKE). Despite having only started its investment banking business three years ago, UP Fintech has participated in more than 80 U.S. IPOs of Chinese issuers, leading U.S. IPO underwriting of Chinese companies by deal count among brokerages in both 2019 and 2020.</p>\n<p>The firm also added 41 ESOP clients in Q1. Meanwhile, UP Fintech received ISO27701:2019 and ISO29151:2017 accreditations from DNV. These certifications certified the firm’s commitment to comply with the most stringent international standards in supporting data integrity and client confidentiality.</p>\n<p>“We delivered another strong performance in Q1 with the highest ever funded account additions of 117K during the quarter. We are proud to now serve a diverse and sophisticated base of 376K investors. In Q1, more than half of new clients came from international markets, demonstrating our global expansion strategy is proceeding nicely. The Singapore market delivered phenomenal customer growth, serving as a testament to the relevance of our product offering and the opportunity in the retail brokerage market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “We are off to a strong start in 2021 with record new accounts and client balances. Looking ahead, we will continue to expand our product portfolio and enhance our one-stop trading platform to meet investor preferences.”</p>\n<p>Safe Harbor Statement</p>\n<p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162584877","content_text":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “$(TIGR)$”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm, posted a strong earnings report for Q1 FY 2021. The firm saw record trading volume of $123.8 billion in the first quarter as demand for online securities trading continued to rise.\nUP Fintech added 296K new client accounts in the first quarter of 2021, more than 3 times that of the first quarter of 2020. The total number of clients with deposits increased 180.4% year-over-year to 376K. Led by strong growth in the client base coupled with active engagement in the markets during the quarter, the total client account balance reached a record high of $21.4 billion in Q1.\nTotal revenue increased 255.5% year-over-year to $81.3 million. Non-GAAP profit was $23.5 million during the quarter, 22 times that of the first quarter of 2020.\nIn the first quarter, UP Fintech continued to expand its international reach with a growing presence in Singapore. Since the launch of its mobile trading app in Singapore a year ago, the firm has successfully differentiated itself with its innovative technology in a crowded market. In order to further expand product offerings for local users to diversify their portfolios, UP Fintech introduced new products and services in Singapore including its Fund Mall, as well as Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities in Q1.\nThe quarterly additions of new client accounts and funded accounts in Singapore increased by 257.9% and 300.8%, respectively, compared to the preceding quarter. The number of new accounts in Singapore during the first three months of 2021 also exceeded the total for 2020, representing an important step forward in implementing the firm’s global expansion strategy.\nOther revenues from corporate services, including investment banking and ESOP, rose 330.5% to $10.5 million from the prior year period. In Q1, UP Fintech participated in 14 H.K. and U.S. IPOs and served as an underwriter in 8 of them. The firm’s U.S. subsidiary also served as a lead bank for the first time in KuKe’s U.S. IPO (NYSE:KUKE). Despite having only started its investment banking business three years ago, UP Fintech has participated in more than 80 U.S. IPOs of Chinese issuers, leading U.S. IPO underwriting of Chinese companies by deal count among brokerages in both 2019 and 2020.\nThe firm also added 41 ESOP clients in Q1. Meanwhile, UP Fintech received ISO27701:2019 and ISO29151:2017 accreditations from DNV. These certifications certified the firm’s commitment to comply with the most stringent international standards in supporting data integrity and client confidentiality.\n“We delivered another strong performance in Q1 with the highest ever funded account additions of 117K during the quarter. We are proud to now serve a diverse and sophisticated base of 376K investors. In Q1, more than half of new clients came from international markets, demonstrating our global expansion strategy is proceeding nicely. The Singapore market delivered phenomenal customer growth, serving as a testament to the relevance of our product offering and the opportunity in the retail brokerage market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “We are off to a strong start in 2021 with record new accounts and client balances. Looking ahead, we will continue to expand our product portfolio and enhance our one-stop trading platform to meet investor preferences.”\nSafe Harbor Statement\nThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.","news_type":1},"isVote":1,"tweetType":1,"viewCount":543,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9093024063,"gmtCreate":1643465960490,"gmtModify":1676533823267,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093024063","repostId":"1126017084","repostType":4,"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178114548,"gmtCreate":1626791665584,"gmtModify":1703765328493,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/178114548","repostId":"1125159418","repostType":4,"repost":{"id":"1125159418","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626791345,"share":"https://ttm.financial/m/news/1125159418?lang=&edition=fundamental","pubTime":"2021-07-20 22:29","market":"us","language":"en","title":"Bank stocks rose in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1125159418","media":"Tiger Newspress","summary":"(July 20) Bank stocks rose in morning trading.","content":"<p>(July 20)&nbsp;Bank&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;morning&nbsp;trading.<img src=\"https://static.tigerbbs.com/2bc1fad4a92a719fcdda5a8789c6235d\" tg-width=\"374\" tg-height=\"603\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank stocks rose in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank stocks rose in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-20 22:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(July 20)&nbsp;Bank&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;morning&nbsp;trading.<img src=\"https://static.tigerbbs.com/2bc1fad4a92a719fcdda5a8789c6235d\" tg-width=\"374\" tg-height=\"603\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125159418","content_text":"(July 20) Bank stocks rose in morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093024616,"gmtCreate":1643466028926,"gmtModify":1676533823282,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093024616","repostId":"1157223555","repostType":4,"repost":{"id":"1157223555","kind":"news","pubTimestamp":1643443466,"share":"https://ttm.financial/m/news/1157223555?lang=&edition=fundamental","pubTime":"2022-01-29 16:04","market":"us","language":"en","title":"Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1157223555","media":"Bloomberg","summary":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve wi","content":"<html><head></head><body><p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.</p><p>Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.</p><p>Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.</p><p>The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.</p><p>Fed Kicks Off Most Aggressive Global Tightening in Decades</p><p>“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”</p><p>The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.</p><p>Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.</p><p>Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase &amp; Co. and Deutsche Bank AG see five.</p><p>Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.</p><p>Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Predicts Fed Will Raise Rates Five Times This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan ...</p>\n\n<a href=\"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157223555","content_text":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.Fed Kicks Off Most Aggressive Global Tightening in Decades“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase & Co. and Deutsche Bank AG see five.Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093025568,"gmtCreate":1643465938041,"gmtModify":1676533823265,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093025568","repostId":"1126017084","repostType":4,"repost":{"id":"1126017084","kind":"news","pubTimestamp":1643441538,"share":"https://ttm.financial/m/news/1126017084?lang=&edition=fundamental","pubTime":"2022-01-29 15:32","market":"us","language":"en","title":"Why Mastercard Stock Blasted 9% Higher Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1126017084","media":"Motley Fool","summary":"Mastercard exited 2021 in style, delivering a fourth quarter that handily beat estimates and demonst","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/MA\"><b>Mastercard</b></a> exited 2021 in style, delivering a fourth quarter that handily beat estimates and demonstrated that the company&#39;s business is continuing to grow robustly. After it posted those quarterly figures early on Thursday, several analysts upped their price targets on the stock the following day. These developments drew investors back to the payment card giant&#39;s shares, which closed over 9% higher.</p><p>So what</p><p>For the quarter, Mastercard&#39;s net revenue surged 27% higher year over year to $5.2 billion, whilenon-GAAP(adjusted) net income improved by 41% to $2.3 billion ($2.35 per share). On average, analysts had been forecasting $5.17 billion on the top line, with an adjusted per-share net profit of only $2.21.</p><p>Two of those analysts,<b>Morgan Stanley</b>&#39;s James Faucette and BMO Capital&#39;s James Fotheringham, both raised their price targets on Mastercard stock in the wake of the earnings release.</p><p>Both did so incrementally, with Faucette adding $1 for a new target of $449 per share and Fotheringham lifting his by $2 to $401. Both analysts are also reiterating the equivalent of a buy recommendation on the stock.</p><p>In particular, Faucette is cheered by the resilience of consumer spending on travel, an important part of the company&#39;s business.</p><p>&#34;We found it encouraging that [Mastercard management] reiterated their expectation that cross-border travel can return to 2019&#39;s levels by year-end 2022, despite market concern that omicron and/or potential future variants may have pushed the outlook,&#34; the analyst wrote in a new research note.</p><p>Now what</p><p>While thetravel sectorhas been admirably resilient in the face of the coronavirus lately, it&#39;s set to really take off (no pun intended) when/if the threat recedes sharply. On top of that, the &#34;war on cash&#34; isn&#39;t over, and the best digital and card payment processors are on the winning side. Both trends were apparent in Mastercard&#39;s Q4, so its Friday share price pop was entirely justified.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Mastercard Stock Blasted 9% Higher Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Mastercard Stock Blasted 9% Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 15:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/28/why-mastercard-stock-blasted-9-higher-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mastercard exited 2021 in style, delivering a fourth quarter that handily beat estimates and demonstrated that the company's business is continuing to grow robustly. After it posted those quarterly ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/28/why-mastercard-stock-blasted-9-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MA":"万事达"},"source_url":"https://www.fool.com/investing/2022/01/28/why-mastercard-stock-blasted-9-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126017084","content_text":"Mastercard exited 2021 in style, delivering a fourth quarter that handily beat estimates and demonstrated that the company's business is continuing to grow robustly. After it posted those quarterly figures early on Thursday, several analysts upped their price targets on the stock the following day. These developments drew investors back to the payment card giant's shares, which closed over 9% higher.So whatFor the quarter, Mastercard's net revenue surged 27% higher year over year to $5.2 billion, whilenon-GAAP(adjusted) net income improved by 41% to $2.3 billion ($2.35 per share). On average, analysts had been forecasting $5.17 billion on the top line, with an adjusted per-share net profit of only $2.21.Two of those analysts,Morgan Stanley's James Faucette and BMO Capital's James Fotheringham, both raised their price targets on Mastercard stock in the wake of the earnings release.Both did so incrementally, with Faucette adding $1 for a new target of $449 per share and Fotheringham lifting his by $2 to $401. Both analysts are also reiterating the equivalent of a buy recommendation on the stock.In particular, Faucette is cheered by the resilience of consumer spending on travel, an important part of the company's business.\"We found it encouraging that [Mastercard management] reiterated their expectation that cross-border travel can return to 2019's levels by year-end 2022, despite market concern that omicron and/or potential future variants may have pushed the outlook,\" the analyst wrote in a new research note.Now whatWhile thetravel sectorhas been admirably resilient in the face of the coronavirus lately, it's set to really take off (no pun intended) when/if the threat recedes sharply. On top of that, the \"war on cash\" isn't over, and the best digital and card payment processors are on the winning side. Both trends were apparent in Mastercard's Q4, so its Friday share price pop was entirely justified.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138607954,"gmtCreate":1621931582378,"gmtModify":1704364650601,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Cheong cheong cheong!","listText":"Cheong cheong cheong!","text":"Cheong cheong cheong!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138607954","repostId":"1162584877","repostType":2,"repost":{"id":"1162584877","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621929875,"share":"https://ttm.financial/m/news/1162584877?lang=&edition=fundamental","pubTime":"2021-05-25 16:04","market":"us","language":"en","title":"UP Fintech Client Accounts and Balances Hit Record High in Q1 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1162584877","media":"Tiger Newspress","summary":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “$(TIGR)$”, and ","content":"<p>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “<a href=\"https://laohu8.com/S/TIGR\">$(TIGR)$</a>”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm, posted a strong earnings report for Q1 FY 2021. The firm saw record trading volume of $123.8 billion in the first quarter as demand for online securities trading continued to rise.</p>\n<p>UP Fintech added 296K new client accounts in the first quarter of 2021, more than 3 times that of the first quarter of 2020. The total number of clients with deposits increased 180.4% year-over-year to 376K. Led by strong growth in the client base coupled with active engagement in the markets during the quarter, the total client account balance reached a record high of $21.4 billion in Q1.</p>\n<p>Total revenue increased 255.5% year-over-year to $81.3 million. Non-GAAP profit was $23.5 million during the quarter, 22 times that of the first quarter of 2020.</p>\n<p>In the first quarter, UP Fintech continued to expand its international reach with a growing presence in Singapore. Since the launch of its mobile trading app in Singapore a year ago, the firm has successfully differentiated itself with its innovative technology in a crowded market. In order to further expand product offerings for local users to diversify their portfolios, UP Fintech introduced new products and services in Singapore including its Fund Mall, as well as Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities in Q1.</p>\n<p>The quarterly additions of new client accounts and funded accounts in Singapore increased by 257.9% and 300.8%, respectively, compared to the preceding quarter. The number of new accounts in Singapore during the first three months of 2021 also exceeded the total for 2020, representing an important step forward in implementing the firm’s global expansion strategy.</p>\n<p>Other revenues from corporate services, including investment banking and ESOP, rose 330.5% to $10.5 million from the prior year period. In Q1, UP Fintech participated in 14 H.K. and U.S. IPOs and served as an underwriter in 8 of them. The firm’s U.S. subsidiary also served as a lead bank for the first time in KuKe’s U.S. IPO (NYSE:KUKE). Despite having only started its investment banking business three years ago, UP Fintech has participated in more than 80 U.S. IPOs of Chinese issuers, leading U.S. IPO underwriting of Chinese companies by deal count among brokerages in both 2019 and 2020.</p>\n<p>The firm also added 41 ESOP clients in Q1. Meanwhile, UP Fintech received ISO27701:2019 and ISO29151:2017 accreditations from DNV. These certifications certified the firm’s commitment to comply with the most stringent international standards in supporting data integrity and client confidentiality.</p>\n<p>“We delivered another strong performance in Q1 with the highest ever funded account additions of 117K during the quarter. We are proud to now serve a diverse and sophisticated base of 376K investors. In Q1, more than half of new clients came from international markets, demonstrating our global expansion strategy is proceeding nicely. The Singapore market delivered phenomenal customer growth, serving as a testament to the relevance of our product offering and the opportunity in the retail brokerage market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “We are off to a strong start in 2021 with record new accounts and client balances. Looking ahead, we will continue to expand our product portfolio and enhance our one-stop trading platform to meet investor preferences.”</p>\n<p>Safe Harbor Statement</p>\n<p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UP Fintech Client Accounts and Balances Hit Record High in Q1 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUP Fintech Client Accounts and Balances Hit Record High in Q1 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-25 16:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “<a href=\"https://laohu8.com/S/TIGR\">$(TIGR)$</a>”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm, posted a strong earnings report for Q1 FY 2021. The firm saw record trading volume of $123.8 billion in the first quarter as demand for online securities trading continued to rise.</p>\n<p>UP Fintech added 296K new client accounts in the first quarter of 2021, more than 3 times that of the first quarter of 2020. The total number of clients with deposits increased 180.4% year-over-year to 376K. Led by strong growth in the client base coupled with active engagement in the markets during the quarter, the total client account balance reached a record high of $21.4 billion in Q1.</p>\n<p>Total revenue increased 255.5% year-over-year to $81.3 million. Non-GAAP profit was $23.5 million during the quarter, 22 times that of the first quarter of 2020.</p>\n<p>In the first quarter, UP Fintech continued to expand its international reach with a growing presence in Singapore. Since the launch of its mobile trading app in Singapore a year ago, the firm has successfully differentiated itself with its innovative technology in a crowded market. In order to further expand product offerings for local users to diversify their portfolios, UP Fintech introduced new products and services in Singapore including its Fund Mall, as well as Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities in Q1.</p>\n<p>The quarterly additions of new client accounts and funded accounts in Singapore increased by 257.9% and 300.8%, respectively, compared to the preceding quarter. The number of new accounts in Singapore during the first three months of 2021 also exceeded the total for 2020, representing an important step forward in implementing the firm’s global expansion strategy.</p>\n<p>Other revenues from corporate services, including investment banking and ESOP, rose 330.5% to $10.5 million from the prior year period. In Q1, UP Fintech participated in 14 H.K. and U.S. IPOs and served as an underwriter in 8 of them. The firm’s U.S. subsidiary also served as a lead bank for the first time in KuKe’s U.S. IPO (NYSE:KUKE). Despite having only started its investment banking business three years ago, UP Fintech has participated in more than 80 U.S. IPOs of Chinese issuers, leading U.S. IPO underwriting of Chinese companies by deal count among brokerages in both 2019 and 2020.</p>\n<p>The firm also added 41 ESOP clients in Q1. Meanwhile, UP Fintech received ISO27701:2019 and ISO29151:2017 accreditations from DNV. These certifications certified the firm’s commitment to comply with the most stringent international standards in supporting data integrity and client confidentiality.</p>\n<p>“We delivered another strong performance in Q1 with the highest ever funded account additions of 117K during the quarter. We are proud to now serve a diverse and sophisticated base of 376K investors. In Q1, more than half of new clients came from international markets, demonstrating our global expansion strategy is proceeding nicely. The Singapore market delivered phenomenal customer growth, serving as a testament to the relevance of our product offering and the opportunity in the retail brokerage market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “We are off to a strong start in 2021 with record new accounts and client balances. Looking ahead, we will continue to expand our product portfolio and enhance our one-stop trading platform to meet investor preferences.”</p>\n<p>Safe Harbor Statement</p>\n<p>This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162584877","content_text":"UP Fintech Holding Limited (the “Company”, a NASDAQ-listed company under the ticker “$(TIGR)$”, and all of its subsidiaries and consolidated entities), a leading online brokerage firm, posted a strong earnings report for Q1 FY 2021. The firm saw record trading volume of $123.8 billion in the first quarter as demand for online securities trading continued to rise.\nUP Fintech added 296K new client accounts in the first quarter of 2021, more than 3 times that of the first quarter of 2020. The total number of clients with deposits increased 180.4% year-over-year to 376K. Led by strong growth in the client base coupled with active engagement in the markets during the quarter, the total client account balance reached a record high of $21.4 billion in Q1.\nTotal revenue increased 255.5% year-over-year to $81.3 million. Non-GAAP profit was $23.5 million during the quarter, 22 times that of the first quarter of 2020.\nIn the first quarter, UP Fintech continued to expand its international reach with a growing presence in Singapore. Since the launch of its mobile trading app in Singapore a year ago, the firm has successfully differentiated itself with its innovative technology in a crowded market. In order to further expand product offerings for local users to diversify their portfolios, UP Fintech introduced new products and services in Singapore including its Fund Mall, as well as Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities in Q1.\nThe quarterly additions of new client accounts and funded accounts in Singapore increased by 257.9% and 300.8%, respectively, compared to the preceding quarter. The number of new accounts in Singapore during the first three months of 2021 also exceeded the total for 2020, representing an important step forward in implementing the firm’s global expansion strategy.\nOther revenues from corporate services, including investment banking and ESOP, rose 330.5% to $10.5 million from the prior year period. In Q1, UP Fintech participated in 14 H.K. and U.S. IPOs and served as an underwriter in 8 of them. The firm’s U.S. subsidiary also served as a lead bank for the first time in KuKe’s U.S. IPO (NYSE:KUKE). Despite having only started its investment banking business three years ago, UP Fintech has participated in more than 80 U.S. IPOs of Chinese issuers, leading U.S. IPO underwriting of Chinese companies by deal count among brokerages in both 2019 and 2020.\nThe firm also added 41 ESOP clients in Q1. Meanwhile, UP Fintech received ISO27701:2019 and ISO29151:2017 accreditations from DNV. These certifications certified the firm’s commitment to comply with the most stringent international standards in supporting data integrity and client confidentiality.\n“We delivered another strong performance in Q1 with the highest ever funded account additions of 117K during the quarter. We are proud to now serve a diverse and sophisticated base of 376K investors. In Q1, more than half of new clients came from international markets, demonstrating our global expansion strategy is proceeding nicely. The Singapore market delivered phenomenal customer growth, serving as a testament to the relevance of our product offering and the opportunity in the retail brokerage market,” stated Mr. Wu Tianhua, CEO of UP Fintech. “We are off to a strong start in 2021 with record new accounts and client balances. Looking ahead, we will continue to expand our product portfolio and enhance our one-stop trading platform to meet investor preferences.”\nSafe Harbor Statement\nThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.","news_type":1},"isVote":1,"tweetType":1,"viewCount":543,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178114914,"gmtCreate":1626791615038,"gmtModify":1703765327522,"author":{"id":"3577418844296635","authorId":"3577418844296635","name":"Gocheong","avatar":"https://static.tigerbbs.com/188b5f5c1889ff201617c112b207d1aa","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577418844296635","authorIdStr":"3577418844296635"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178114914","repostId":"1138312795","repostType":4,"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}