Summary by Moomoo AI
Futu Holdings Limited, a leading tech-driven online brokerage and wealth management platform, reported its unaudited financial results for the second quarter ended June 30, 2024. The company saw a significant increase in its operational and financial metrics, with a 28.8% year-over-year growth in paying clients, reaching over two million. Total client assets surged by 24.3% year-over-year to HK$579.3 billion. The total trading volume for the quarter rose by 69.0% compared to the same period last year, reaching HK$1.62 trillion. Financial highlights include a 25.9% increase in total revenues to HK$3.129 billion and a net income growth of 8.0% to HK$1.209 billion. Non-GAAP adjusted net income also saw an 8.6% increase. The company's Chairman and CEO, Leaf Hua Li, expressed optimism, noting...Show More