MARKET REPORT
Plus500 posts higher core profit as U.S. business builds
Executive takeaway
The retail trading platform reported growth in underlying earnings, helped by traction in its American operations, and its shares rallied.
Plus500 reported higher core profit, with management pointing to gains in its United States business as a contributor to the improvement.
The company operates contracts-for-difference and futures trading platforms and has been diversifying away from its historic reliance on CFD trading in Europe and other regions, including through futures and options offerings aimed at U.S. retail traders.
Shares rose on the results.
Wire sources cited
- Investing.com — All NewsWhy is Plus500 stock rallying today?External ↗
- Investing.com — All NewsTrading platform Plus500 reports higher core profit as US business gains tractionExternal ↗
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.