Plus500 sees annual results above market view, shares hit record high
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
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Source: Reuters
Plus500's Strong Performance: Online trading platform Plus500 forecasts annual results exceeding market expectations, driven by a 13% increase in new customers and plans to return $185.5 million to shareholders through buybacks and dividends.
Market Volatility Impact: The company anticipates benefiting from potential market volatility related to upcoming U.S. elections and has reported an 8% revenue rise to $398.2 million for the first half of the year, despite lower trading volumes due to external events.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
