00:00It's Benzinga, bringing Wall Street to Main Street.
00:02New holdings reported first quarter revenue of $5.32 billion, up 42% year-over-year and
00:09above a street consensus estimate of $5.04 billion, according to Benzinga Pro.
00:15The quarter marked the first time the company generated more than $5 billion in quarterly
00:20revenue. Net interest income reached a record $3.25 billion, up 12% from the fourth quarter.
00:28Net income rose 41% year-over-year to $871 million.
00:33New ended the quarter with more than 135 million customers globally after adding around 4 million
00:38customers in the quarter. The company said AI transformation remains a core priority and
00:44noted more than 15 million monthly active users for its AI private banker functions.
00:49New also outlined disciplined expansion plans in the U.S.
00:53shares were down by 3.63% at $12.46 at Thursday's close, according to data from Benzinga Pro.
01:01For all things money, visit Benzinga.com.
Comments