The Wall Street Journal

In This Frothy Market, It’s Boom Times for Brokers Like Robinhood

Individual investors are trading with abandon, driving up prices of everything from stocks to crypto—and turbocharging the brokerage business

It is a great year to be a Wall Street middleman. 

Investors are hot for just about everything right now, from the Magnificent Seven and meme stocks, to crypto, options and exchange-traded funds. That is bringing boom times to brokerages including Charles Schwab, Robinhood Markets and Interactive Brokers Group, which are all raking in revenue.

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KKR Posts Higher Revenue, Increases Assets Under ManagementExternal link

KKR Posts Higher Revenue, Increases Assets Under Management