UP Fintech (TIGR) Jumps as Earnings Leap 1,500%

We recently published 10 Stocks Crushing Wall Street’s Wildest Expectations. UP Fintech Holding Ltd. (NASDAQ:TIGR) is one of the best performers on Thursday.

UP Fintech saw its share prices jump by 10.72 percent on Thursday to close at $12.81 apiece as investor sentiment was bolstered by a 1,500 percent surge in its income performance in the second quarter of the year.

In its updated report, UP Fintech Holding Ltd. (NASDAQ:TIGR) said net income attributable to shareholders increased to $41.4 million from $2.59 million in the same period last year. Total net revenues climbed by 64 percent to $121.38 million from $73.85 million in the same period last year.

UP Fintech (TIGR) Jumps as Earnings Leap 1,500%

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In the same period, UP Fintech Holding Ltd. (NASDAQ:TIGR) registered an 11 percent increase in the number of customer accounts at 2.58 million versus 2.3 million in the same period last year, and experienced a strong customer engagement, thanks to its more diversified product offering and supportive market backdrop.

“Year-to-date, we have onboarded over 100,000 new customers with deposits, reinforcing our confidence in achieving our annual target of 150,000 new customers with deposits for 2025,” said UP Fintech Holding Ltd. (NASDAQ:TIGR) Chairman and CEO Wu Tianhua.

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