Cramer identifies Robinhood as a key fintech stock on an impressive rally. The platform attracts younger investors and offers fee-free trades which enhance profits. As of 2024, Robinhood has 25.2 million accounts, with assets totaling $193 billion. Revenue for the first quarter is reported at $927 million, a 50% increase year-over-year, with a net income rise of 114% to $336 million. An increase in average revenue per user and Gold subscribers indicates strong growth. Robinhood is expanding in the cryptocurrency market with new products.
Robinhood went public during the meme stock frenzy and attracted young, new investors. Its platform offers fee-free trades, which means investors take home higher profits.
In 2024, Robinhood had 25.2 million accounts and the assets under custody stood at $193 billion. For the first quarter, the revenue came in at $927 million, up 50% year-over-year.
Cramer calls Robinhood the 'rebellious brokerage.' He believes it will always be linked to GameStop but can be one of the greatest stocks of this era.
Cramer's analysis reflects Robinhood's solid fundamentals as it reported net income growth of 114% year-over-year to $336 million and an increase in Gold subscribers by 90%.
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