Share Prices & Company Research

Market News

17 Mar 2021 | 07:07

Hargreaves Lansdown profit to beat forecasts

(Sharecast News) - Hargreaves Lansdown said annual profit would beat expectations after clients dealing in US stocks maintained strong dealing volumes.

The investment platform said after strong trading in January it had continued to experience high volumes of share dealing. The period covered frenzied dealing in US shares such as GameStop by retail investors.

As a result, pretax profit for the year to the end of June is expected to be "modestly above" the top of analyst forecasts, the FTSE 100 group said. Analysts' predictions range from £334m to £360m.

"The group has continued to see elevated volumes of share dealing since the end of January with an increased proportion of these directed towards international equities, driven by interest in US stocks from existing clients," Hargreaves Lansdown said in an unscheduled update.

The company said it would provide more information with its scheduled trading statement on 13 April.



Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.