US EditionRobinhood's Quarterly Profit Misses Estimates on Weak Transaction Revenue
- LendingClub reported record first-quarter results this month, delivering 31% year-on-year growth in originations to $2.7 billion and achieving record pretax earnings of $67 million.
- Diluted earnings per share surged to $0.44, representing over 4x growth versus the prior year, while the net charge-off ratio improved to 3.5% from 6.1%, reflecting disciplined credit performance.
- LendingClub expanded into home improvement lending this month through an inaugural partnership with Wisetack, an embedded platform reaching over 40,000 contractors and targeting a $0.5 trillion addressable market.
- Management maintained full-year guidance despite revising its forecast to zero Federal Reserve rate cuts in 2026, continuing to target 13% to 15% return on tangible common equity.
- Operational efficiency advanced as over 90% of loan issuance is now fully automated, reducing application submission time by nearly 60% and delivering record low production costs per issued loan.
46 Articles
46 Articles
Robinhood CEO says a 'tokenization supercycle' is underway
Crypto prices remain mired in a prolonged slump, but Robinhood CEO Vlad Tenev says the company remains bullish on the broader sector. During a first quarter earnings call on Tuesday, Tenev said he wants to get away from a strategy based around the price of Bitcoin, and focus instead on the finance industry’s rapid adoption of blockchain infrastructure. “We’re at the very beginning of what will be a tokenization supercycle,” said Tenev, pointing …
Robinhood Tumbles 11%, Webull Drops 5%, Coinbase Slides 8% – Here’s Why
The post Robinhood Tumbles 11%, Webull Drops 5%, Coinbase Slides 8% – Here’s Why appeared first on 24/7 Wall St.. Quick Read Robinhood (HOOD) reported Q1 2026 revenue of $1.07B, missing estimates by $70M, with crypto transaction revenue plunging 47% year-over-year and adjusted EPS of $0.38 missing forecasts by 10%. Webull (BULL) and Coinbase (COIN) shares fell in sympathy trading despite no direct exposure to Robinhood’s earnings miss. Robin…
Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue
While the trading platform’s crypto revenue tanked 47% to $134 million, a record-breaking surge in prediction market bets helped push overall revenue up 15% to $1.07 billion.
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