Investment Banking and Brokerage

Futu

Financial Analysis

Conference Minutes

FUTU

03588

BMNR

SBET

KONG

TSLA

TSDD

TSLL

TSLQ

09366

07766

07366

TSLR

BRK.B

BRK.A

07777

The following are the Minutes of the 3Q25 earnings call for $Futu(FUTU.US) compiled by Dolphin Research. Detailed business data for the quarter can be viewed in the Longbridge APP under Stocks - Panorama - Performance Composition. I. Review of Core Financial Information 1. $FUTU-W(03588.HK) The company's total revenue for the quarter reached HKD 6.4 billion, a significant year-on-year increase of 86%, mainly driven by comprehensive growth in brokerage, interest, and other service income. 2. Brokerage commission and fee income increased to HKD 2.9 billion, up 91% year-on-year and 13% quarter-on-quarter...

Camden National

FUTU-W

BitMine Immersion Tech

Sharplink

Formidable Fortress ETF

Pro Ultra 7-10Yrs

AT & T

Tesla

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

GraniteShares 2x Long TSLA Daily ETF

Reliance

Berkshire Hathaway B

Berkshire Hathaway

XL2CSOPBRKB

AT&T INC 5.000% DEP SHS REP 1/1000 PERP PFD SER A

AT&T INC DEP SHS EACH REP 1/1000TH PERP PFD SER C

Futu (3Q25 Minutes): Crypto Trading Surges, Hong Kong Remains the Main Source of New Customers

The business data of Futu compiled by Dolphin Research can be viewed in the Longbridge APP — Stocks — Panorama — Performance Composition. Below are the Minutes of Futu's Q1 earnings call: 1. Review of Key Financial Information (1) Brokerage Commission and Service Fee Income: HK$2.3 billion, up 113% YoY and 12% QoQ; YoY growth driven by increased trading volume, partially offset by lower commission rates (due to product structure changes and larger average order sizes in Hong Kong stocks). (2) Interest Income: HK$2.1 billion, up 53% YoY...

Futu 1Q25 (Minutes): Core Segments Show Growth Potential for Next Quarter (Excl. Options)

moomoo Obtains US Prediction Market License, Event Contract Trading Service to Launch Soon

US Bank Securities Rates Futu Holding Buy Rating with Target Price at $224

Futu Co-Founder and Senior VP Xu Li Sells Shares

Airstar Bank Rebrands as Ele Bank

FUTR Signs Binding LOI with EQITrade for Digital Bank Joint Venture

HHLR Advisors Reduces Stake in Futu Holdings

Futu Sees Fourth Quarter Revenue Surge, Driven by Overseas Market Growth

Futu CEO Li Hua Submits Initial Beneficial Ownership Statement

Futu Launches AI Agent to Enhance User Investment Efficiency

Barclays Maintains Buy Rating on Futu with a Price Target of $200

Futu Announces Platform Innovations and Service Upgrades

Futu Discloses AI Strategy and Achievements at Earnings Call

Futu released FY2025 Q4 earnings on March 12 Pre-Market (EST), actual revenue USD 771.41 M (forecast USD 810.05 M), actual EPS USD 3.0746 (forecast USD 2.7912)

Futu released FY2025 Annual Earnings on March 12 Pre-Market (EST), actual revenue USD 2.705 B (forecast USD 2.882 B), actual EPS USD 10.2903 (forecast USD 10.1095)

Futu Holdings Reports Significant Q4 2025 Net Revenue Growth

Futu to release FY2025 Q4 earnings report on March 12 Pre-Market EST, forecast revenue USD 805.52 M, EPS USD 2.7763

Futu Holdings Becomes Controlling Shareholder of Airstar Bank

Futu Holdings collaborates with Figure to issue blockchain stocks to U.S. retail investors

Goldman Sachs Upgrades Futu's Stock Rating

Futu Report: Hong Kong Investors Achieved an Average Return of 23.2% in 2025, AI and Digital Currency Focus in 2026

InMed Pharmaceuticals

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

Amesite

CN Energy

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

NextNRG

Meiwu Tech

Generation Income Properties

MetaVia

OceanPal

Earning Release Date

财报预告

FY2026 Q1 Earning Release 2026.05.28 (EST) Pre-Market

Futu (FUTU.US) Q4 2025 and Full Year Earnings Conference Call

Futu (FUTU.US) Q3 2025 Earnings Conference Call

Futu (FUTU.US) Q2 2025 Earnings Conference Call

Futu (FUTU.US) Q1 2025 Earnings Conference Call

Futu (FUTU.US) 2024 Fourth Quarter Earnings Conference Call

Futu (FUTU.US) 2024 Third Quarter Earnings Conference Call

FUTG

Futu to Report First Quarter 2026 Financial Results on May 28, 2026 | FUTU Stock News

StockTitan

Leverage Shares 2X Long Futu Daily ETF

Futu to Report First Quarter 2026 Financial Results on May 28, 2026 | FUTU Stock News

Moomoo, an independent brand under Futu, has secured a compliance license for the forecast market from U.S. regulators. This positions Moomoo as one of the first online brokers to offer 'event contract' trading services to retail users in the U.S. The company plans to launch these services soon, covering various sectors including sports, economics, politics, and culture, with further details to be announced later.

CoinLive

Moomoo Secures U.S. Forecast Market License

Aubrey Capital Management Ltd reduced its stake in Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU) by 17.8% in Q4, now holding 123,000 shares after selling 26,600 shares. Futu represents 7.9% of Aubrey's portfolio, valued at approximately $20.2 million. Other institutional investors have also adjusted their positions, with UBS AM increasing its stake by 805.2%. Analysts have set a consensus price target of $209.17 for Futu, which has a current market cap of $20.27 billion and reported a net margin of 49.63%.

- Aubrey Capital Management Ltd reduced its stake in Futu Holdings Limited by 17.8%, holding 123,000 shares after selling 26,600 during the 4th quarter.  
- Other institutional investors increased their stakes significantly, including UBS AM, which boosted its holdings by over 800%.  
- Futu reported a strong EPS of $3.07 and a revenue of $771 million, with analysts setting a consensus price target of $209.17 on the stock.

Market Beat

UBS Group AG

Goldman Sachs

Barclays

GS Hldg R

Aubrey Capital Management Ltd Cuts Stock Position in Futu Holdings Limited Sponsored ADR $FUTU

Futu Holdings (FUTU) received a Buy rating from Bank of America Securities, with a price target of $224.00, while shares closed at $144.89. Analyst Emma Xu is ranked #1612 out of 12193 analysts. The overall analyst consensus for Futu Holdings is a Strong Buy, with an average price target of $213.03, indicating a potential upside of 47.03%. Morgan Stanley also maintained a Buy rating with a $225.00 price target.

- Emma Xu from Bank of America Securities has reiterated a Buy rating on Futu Holdings, setting a price target of $224.00.  
- The current share price is $144.89, with an overall Strong Buy consensus rating and an average price target of $213.03, indicating a 47.03% upside.  
- Additionally, Morgan Stanley has also maintained a Buy rating, with a slightly higher price target of $225.00.

Tip Ranks

Bank of America

Morgan Stanley

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

Futu Holdings (FUTU) Gets a Buy from Bank of America Securities

TROO

ACMR

CSIQ

ZEPP

TIGR

Troops(TROO) rose 6.94%, with a trading turnover 1.8 Million USD, and a year-to-date rose 39.7%. ACM Research(ACMR) rose 6.9%, with a trading turnover 179.3 Million USD, and a year-to-date rose 50.1%. Zepp Health(ZEPP) fell 16.99%, with a trading turnover 2.0 Million USD, and a year-to-date fell 44.5%. Futu(FUTU) fell 13.76%, with a trading turnover 527.0 Million USD, and a year-to-date fell 10.4%.

- The Nasdaq Composite Index fell by 0.13%, with a year-to-date increase of 11%.  
- The S&P 500 Index declined by 0.38%, up 7.2% for the year, while the Dow Jones Index decreased by 0.63%, with a 3.2% annual gain.  
- Notable stock movements include Troops (TROO) rising by 6.94% and ACM Research (ACMR) increasing by 6.9%, while Zepp (ZEPP) dropped 16.99%, and Futu Holdings (FUTU) fell by 13.76%.

Top Gainers&Losers

Troops

ACM Research

ECARX

Canadian Solar

Silvercorp Met

Zepp Health

So-Young

UP Fintech

Canaan

Top 5 CDRs Gainers/Losers (>100M) (5.7)

Futu Holdings fell 11.82%; Robinhood fell 3.73%, with a transaction volume of USD 1.209 billion; Goldman Sachs fell 1.20%, with a transaction volume of USD 886 million; Charles Schwab fell 3.64%, with a transaction volume of USD 647 million; Morgan Stanley fell 1.56%, with a market value of USD 300.8 billion

- U.S. stocks experienced notable declines, with Futu Holdings dropping 11.82% after announcing an increased profit margin of 49.4% but facing skepticism about future growth.  
- Robinhood's shares fell 3.73% following disappointing Q1 results and investor concerns about potential insider trading ahead of a new crypto token launch.  
- Goldman Sachs' stock declined 1.20% amid rising geopolitical tensions and internal stock sales by executives, along with a mixed outlook from Fitch Ratings impacting market confidence.

Price Alert

Robinhood

Charles Schwab

U.S. stock market update: Futu Holdings down 11.82%, profit growth fails to alleviate market concerns about the future

6506

G Sachs has released its Asia-Pacific "Conviction List Buy" Directors Cut stock picks, adding YASKAWA ELECTRIC, INOVANCE TECH, HENDERSON LAND, Futu Holdings Limited, and ALS Ltd. Stocks removed from the list include EASTROC BEVERAGE, VNET Group, Havells India, PTC Industries, and Mitsubishi Heavy Industries. The report also includes short selling data for various stocks, highlighting significant short selling ratios for some Hong Kong-listed stocks.

- G Sachs released its Asia-Pacific market report listing new "Conviction List Buy" stock picks, including YASKAWA ELECTRIC and INOVANCE TECH.  
- The report also removed several stocks, including EASTROC BEVERAGE and VNET Group, citing short selling amounts and ratios for various stocks.  
- Key updates include short selling details for Hong Kong-listed stocks and their performance on the market as of May 5, 2026.

AASTOCKS News

Yaskawa Electric Corporation

Inovance

HENDERSON LAND

ALS Ltd.

EASTROC BEVERAGE

Vnet

Mitsubishi Heavy Industries, Ltd.

GUMING

HAITIAN FLAV

MAO GEPING

WUXI APPTEC

WuXi AppTec

YUM China

Mizuho Financial Group, Inc.

Fisher & Paykel Healthcare Corporation Limited

Alibaba

Ramelius Resources Limited

Lasertec Corp.

Murata Manufacturing Co., Ltd.

Taiwan Semiconductor

EASTROC

HAI TIAN

YUM CHINA

Mizuho Financial

BABA-WR

BABA-W

Alibaba HK SDR 5to1

Lasertec Corporation

Murata Mfg Yen1k

G Sachs Lists Asia-Pacific "Conviction List Buy" Directors Cut Stock Picks (Table)

DAVE

ARES

FNCL

Today's whale alerts in the Financials sector highlight significant trading activity in options. Notable trades include bullish call options for COIN, DAVE, AFL, and WFC, with varying expiration dates and strike prices. A neutral call option was noted for JPM, while bullish put options were observed for CHYM, ARES, and FUTU. A bearish call option was also recorded for MA. These alerts indicate potential trading opportunities driven by large transactions from entities with substantial capital.

- The article discusses the tracking of large financial entities, known as "whales," through Benzinga's options activity scanner to identify potential trading opportunities.  
- It presents various bullish and bearish options trades within the Financials sector, detailing strike prices, expiration dates, and total trade prices for each option.  
- This analysis aims to assist traders in recognizing abnormal trading activity that could indicate price movements in options.

Futu(FUTU.US)

Futu to Report First Quarter 2026 Financial Results on May 28, 2026 | FUTU Stock News

Moomoo Secures U.S. Forecast Market License

Aubrey Capital Management Ltd Cuts Stock Position in Futu Holdings Limited Sponsored ADR $FUTU

Futu Holdings (FUTU) Gets a Buy from Bank of America Securities

Top 5 CDRs Gainers/Losers (>100M) (5.7)

U.S. stock market update: Futu Holdings down 11.82%, profit growth fails to alleviate market concerns about the future

G Sachs Lists Asia-Pacific "Conviction List Buy" Directors Cut Stock Picks (Table)

9 Financials Stocks With Whale Alerts In Today's Session

Moomoo Trading CEO says retail traders still engaged with market, increased dip-buying

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