Webull Corp

Robinhood Markets stock rose 7% to $110.97 and Webull climbed 4% to $8.86 after Webull CEO Anthony Denier reported a nearly 300% increase in retail buy orders for Bitcoin and Ethereum since the June 4 repeal of the pattern day trader rule. Denier told CNBC that the old $25,000 minimum equity requirement had locked out most Webull users, whose average account holds about $5,500, and that the repeal helped lift Webull's quarterly revenue from $160 million in Q1 to nearly $200 million. Webull's Q2 2026 revenue of $198.83 million beat the $182.83 million consensus, with trading-related revenue up 66% year over year to $147.7 million and daily average revenue trades hitting a record 1.6 million. The ARK Blockchain & Fintech Innovation ETF gained 2% to $46.45 while the iShares Bitcoin Trust ETF added just 0.6% to $44.92, underscoring that brokers capture a trading-volume premium that pure spot Bitcoin funds do not. Bitcoin itself was up only 0.4% over the past 24 hours at $79,377.30, while Ethereum slipped 0.5% to $2,475.16.

Webull Corporation reported second-quarter 2026 results showing revenue of US$198.83 million and net income of US$24.36 million, reversing a loss a year earlier and turning both basic and diluted earnings per share from continuing operations positive. The earnings release highlighted how the SEC's removal of the Pattern Day Trader rule, combined with Webull's updated active-trader tools and growing options activity, materially reshaped customer behavior and boosted trading volumes across its platform. The company also completed a US$10.98 million share repurchase, about 0.34% of shares. Webull's narrative projects $1.1 billion in revenue and $254.0 million in earnings by 2029, with a $12.00 fair value estimate representing a 36% upside to its current price.

Webull reported a shift from a loss to a profit in its second quarter 2026 earnings and completed a share repurchase program. The stock has gained 43.2% over the past 90 days to US$8.85, though the one-year total shareholder return is down 42.6% and the three-year return is down 17.3%. The company is expanding into Canada, Latin America, and Europe, and its subscription offerings such as Webull Premium are exceeding targets. Webull trades at about 110.1 times earnings, well above the US Capital Markets industry average of 38.5 times and its own fair ratio of 51.6 times.

U.S. stock futures were little changed on Thursday as investors assessed a fresh batch of corporate earnings and analyst actions. CrowdStrike shares fell 2.8% in premarket trading after Bloomberg reported that the cybersecurity company's chief technology officer is departing to launch an artificial intelligence-focused cybersecurity fund. Advance Auto Parts stock plunged 15.9% after its second-quarter results revealed a significant difference between headline earnings and underlying performance, with about $0.31 of the reported $1.03 adjusted diluted earnings per share coming from one-time tariff refunds. Deere shares jumped 5.1% after the agricultural and construction equipment maker delivered a stronger-than-expected fiscal third quarter, with diluted earnings per share of $5.10 and net sales of about $11 billion. Etsy gained 3.9% in premarket trading after BofA Securities upgraded the online marketplace to Buy from Neutral and raised its price target to $105 from $88. Ultragenyx surged 11.1% after the U.S. Food and Drug Administration granted accelerated approval to GENGLYCOS, also known as DTX401, a gene therapy for glycogen storage disease type Ia in patients aged eight and older. Moderna shares fell 13% in premarket trading, retreating after more than doubling in the previous session following the company's major cancer-vaccine trial announcement with Merck. Wolfspeed plunged 10.5% after the semiconductor company reported a sharply wider-than-expected fiscal fourth-quarter loss, with an adjusted loss of $2.26 per share and revenue of $149.6 million. Webull rose 13.8% after the digital brokerage reported its strongest quarterly results since going public, with second-quarter revenue of $198.8 million and adjusted earnings of $0.05 per share.

Stock futures were lower early Thursday as persistent geopolitical tensions in the Middle East drove Brent crude over $92 a barrel, reinforcing broader inflation concerns. Webull shares climbed 14% after the digital investment platform reported record Q2 revenue of $198.8M, up 51% Y/Y and 24% Q/Q, beating estimates of $180.7M, while Ultragenyx Pharmaceutical surged 12% after the FDA granted accelerated approval to Genglycos, its gene therapy for glycogen storage disease type Ia. Circle Internet Group gained 5% alongside a broader rally in crypto-linked stocks as Bitcoin climbed more than 9% to around $71K, its highest level since June 2, following the U.S. Treasury's surprise decision to double planned buybacks of longer-dated Treasuries to at least $4B per operation. Wolfspeed plunged 10% after reporting a wider-than-expected FQ4 adjusted loss of $2.26 per share, versus the $1.47 consensus, while revenue rose 24% Y/Y to $149.6M, and Coty tumbled 9% after mixed FQ4 results with LFL revenue down 1% and adjusted operating income plunging 31%.

Webull and Robinhood Markets each climbed 7% in midday trading Wednesday, driven by a Bitcoin rally and company-specific catalysts. Webull shares rose to $8.49 ahead of its Q2 2026 earnings report after the close, with analysts projecting revenue of $182.83 million, up from $156.94 million a year earlier, and consensus EPS of $0.03. Robinhood advanced to $98.45 as CEO Vlad Tenev pushed U.S. regulators to approve tokenized stocks, arguing tokenization is the best path to modernizing the American financial system. Coinbase surged 11% to $163.32 as Bitcoin traded around $68,500, up 6% over 24 hours, though Coinbase remains down 35% year to date. The ARK Fintech Innovation ETF rose 4% to $44.20, reflecting its exposure to Robinhood and Coinbase, which account for 4.5% and 5.8% of net assets respectively.

Webull Australia has partnered with Qantas Frequent Flyer to let Australian clients earn Qantas Points through three new offers. New clients who open an account, deposit or transfer at least AUD$500 and hold it for 30 days receive 1,000 bonus Qantas Points and 12 months of complimentary 24-Hour Live US Market Data. A deposit and transfer offer running from 1 July 2026 to 30 September 2026 awards 1 Qantas Point per AUD$1 on eligible balances of AUD$2,000 or more, capped at 100,000 points, paid in four instalments if the balance is retained until 31 July 2027. Existing clients can earn up to 200 Qantas Points per trade on buy orders across US stocks, ETFs, Hong Kong stocks and China A shares, up to 2,000 points per month.

The Commodity Futures Trading Commission filed a federal lawsuit against Kentucky on June 23, 2026, challenging the state's recent shutdown orders and a 14.25% excise tax on prediction market transaction fees. Kentucky had moved the prior week to block Polymarket, Kalshi, Coinbase, Robinhood, and Webull, calling them unlicensed gambling operators, and the CFTC argues the tax makes the business economically impossible in the state. The complaint names Governor Andrew Beshear, Attorney General Russell Coleman, Department of Revenue Commissioner Thomas Miller, and the Kentucky Racing and Gaming Corporation as defendants, seeking declaratory and injunctive relief. The CFTC's legal theory relies on federal preemption under the Commodity Exchange Act, asserting that Kalshi and Polymarket are federally licensed exchanges and their event contracts are swaps. A parallel suit was filed by the Coalition for Fair Markets, representing Kalshi, Polymarket, Crypto.com, and Robinhood, calling the tax discriminatory and unconstitutional.